Skyline Champion Co. (NYSE:SKY) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lessened its stake in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,208,966 shares of the company's stock after selling 7,038 shares during the quarter. Geode Capital Management LLC owned about 2.11% of Skyline Champion worth $106,535,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SKY. JPMorgan Chase & Co. boosted its stake in Skyline Champion by 137.5% in the third quarter. JPMorgan Chase & Co. now owns 127,307 shares of the company's stock valued at $12,075,000 after acquiring an additional 73,697 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Skyline Champion by 80.7% in the 4th quarter. Bank of New York Mellon Corp now owns 351,060 shares of the company's stock valued at $30,928,000 after purchasing an additional 156,757 shares during the period. Harbor Capital Advisors Inc. grew its stake in Skyline Champion by 26.3% during the 4th quarter. Harbor Capital Advisors Inc. now owns 119,154 shares of the company's stock worth $10,497,000 after buying an additional 24,781 shares during the last quarter. Van ECK Associates Corp increased its position in Skyline Champion by 21.8% during the fourth quarter. Van ECK Associates Corp now owns 40,108 shares of the company's stock worth $3,534,000 after buying an additional 7,184 shares during the period. Finally, Rhumbline Advisers lifted its stake in Skyline Champion by 85.0% in the fourth quarter. Rhumbline Advisers now owns 151,781 shares of the company's stock valued at $13,372,000 after buying an additional 69,756 shares during the last quarter.

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Skyline Champion Stock Performance

NYSE:SKY traded up $0.10 during midday trading on Tuesday, reaching $82.72. The stock had a trading volume of 54,846 shares, compared to its average volume of 525,711. The stock has a market cap of $4.74 billion, a P/E ratio of 29.21 and a beta of 1.41. 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 firm has a fifty day simple moving average of $96.19 and a two-hundred day simple moving average of $95.36.

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

Insider Transactions at Skyline Champion

In other Skyline Champion news, VP Timothy A. Burkhardt sold 3,823 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total transaction of $408,564.01. Following the sale, the vice president now directly owns 32,706 shares in the company, valued at approximately $3,495,290.22. The trade was a 10.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $104.21, for a total transaction of $451,750.35. Following the completion of the transaction, the executive vice president now owns 39,411 shares of the company's stock, valued at $4,107,020.31. This represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.90% of the company's stock.

Analysts Set New Price Targets

SKY has been the topic of a number of research reports. Royal Bank of Canada raised their target price on shares of 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 lowered their price objective on shares of Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $88.40.

About Skyline Champion

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.