Skyline Champion Co. (NYSE:SKY) Shares Sold by Dark Forest Capital Management LP

Dark Forest Capital Management LP reduced its position in Skyline Champion Co. (NYSE:SKY - Free Report) by 72.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,353 shares of the company's stock after selling 19,463 shares during the period. Dark Forest Capital Management LP's holdings in Skyline Champion were worth $648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Skyline Champion by 17.3% during the 4th quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company's stock worth $523,578,000 after acquiring an additional 876,712 shares in the last quarter. Capital World Investors raised its position in shares of Skyline Champion by 31.5% during the 4th quarter. Capital World Investors now owns 2,638,862 shares of the company's stock worth $232,484,000 after purchasing an additional 632,718 shares during the last quarter. American Century Companies Inc. lifted its stake in Skyline Champion by 2.9% in the 4th quarter. American Century Companies Inc. now owns 1,411,769 shares of the company's stock valued at $124,377,000 after buying an additional 39,262 shares in the last quarter. Capital Research Global Investors acquired a new stake in Skyline Champion in the 4th quarter worth about $98,978,000. Finally, Alliancebernstein L.P. raised its stake in Skyline Champion by 4.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,027,194 shares of the company's stock valued at $90,496,000 after purchasing an additional 41,916 shares during the last quarter.

Skyline Champion Trading Up 2.7 %

Shares of SKY traded up $2.28 during trading on Tuesday, reaching $86.51. 370,996 shares of the company traded hands, compared to its average volume of 532,200. The stock has a 50-day simple moving average of $91.54 and a 200-day simple moving average of $94.53. The stock has a market cap of $4.95 billion, a PE ratio of 30.46 and a beta of 1.41. Skyline Champion Co. has a twelve month low of $64.82 and a twelve month high of $116.49. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.24. Skyline Champion had a return on equity of 13.80% and a net margin of 6.80%. On average, analysts anticipate that Skyline Champion Co. will post 3.63 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Timothy A. Burkhardt sold 3,823 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total value of $408,564.01. Following the sale, the vice president now owns 32,706 shares of the company's stock, valued at $3,495,290.22. This trade represents a 10.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Joseph A. Kimmell sold 4,335 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $104.21, for a total transaction of $451,750.35. Following the transaction, the executive vice president now owns 39,411 shares of the company's stock, valued at approximately $4,107,020.31. The trade was a 9.91 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on SKY shares. Royal Bank of Canada lifted their price objective on Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Barclays decreased their target price on shares of Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $88.40.

Skyline Champion Profile

Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada.