Fox Run Management L.L.C. lessened its stake in Skyline Champion Co. (NYSE:SKY - Free Report) by 49.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,845 shares of the company's stock after selling 3,705 shares during the period. Fox Run Management L.L.C.'s holdings in Skyline Champion were worth $339,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Truvestments Capital LLC bought a new position in shares of Skyline Champion in the third quarter valued at approximately $32,000. Harvest Fund Management Co. Ltd bought a new position in Skyline Champion during the 4th quarter valued at $36,000. Quarry LP acquired a new position in shares of Skyline Champion during the 3rd quarter valued at $67,000. Venturi Wealth Management LLC bought a new stake in shares of Skyline Champion in the 4th quarter worth $112,000. Finally, MML Investors Services LLC acquired a new stake in shares of Skyline Champion in the third quarter valued at $216,000.
Analyst Upgrades and Downgrades
SKY has been the topic of a number of research analyst reports. Royal Bank of Canada lifted their target price on Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Barclays lifted their price target on shares of Skyline Champion from $90.00 to $106.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $90.20.
Check Out Our Latest Report on SKY
Insider Buying and Selling at Skyline Champion
In related news, EVP Joseph A. Kimmell sold 4,335 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 39,411 shares in the company, valued at $4,107,020.31. This represents a 9.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the sale, the vice president now directly owns 32,706 shares in the company, valued at $3,495,290.22. This trade represents a 10.47 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.90% of the company's stock.
Skyline Champion Stock Down 2.7 %
Shares of Skyline Champion stock traded down $2.57 on Friday, hitting $94.03. 303,659 shares of the company traded hands, compared to its average volume of 513,863. 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 Co. has a 12-month low of $64.82 and a 12-month high of $116.49. The company has a 50-day moving average price of $97.67 and a 200 day moving average price of $96.03. The company has a market cap of $5.39 billion, a PE ratio of 33.11 and a beta of 1.61.
Skyline Champion (NYSE:SKY - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.24. Skyline Champion had a return on equity of 13.80% and a net margin of 6.80%. Sell-side analysts predict that Skyline Champion Co. will post 3.63 earnings per share for the current year.
About Skyline Champion
(
Free Report)
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.
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