Mutual of America Capital Management LLC Purchases 2,987 Shares of Skyline Champion Co. (NYSE:SKY)

Mutual of America Capital Management LLC raised its stake in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 93,020 shares of the company's stock after purchasing an additional 2,987 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.16% of Skyline Champion worth $8,195,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SKY. FMR LLC lifted its holdings in shares of Skyline Champion by 32.3% during the third quarter. FMR LLC now owns 1,491,907 shares of the company's stock valued at $141,507,000 after purchasing an additional 363,885 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Skyline Champion by 5,843.2% in the fourth quarter. Principal Financial Group Inc. now owns 256,924 shares of the company's stock worth $22,635,000 after acquiring an additional 252,601 shares during the last quarter. Bank of New York Mellon Corp raised 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 worth $30,928,000 after purchasing an additional 156,757 shares during the last quarter. Cerity Partners LLC raised its position in shares of Skyline Champion by 118.8% in the 3rd quarter. Cerity Partners LLC now owns 188,767 shares of the company's stock worth $17,905,000 after purchasing an additional 102,506 shares during the last quarter. Finally, State Street Corp boosted its stake in Skyline Champion by 4.6% in the 3rd quarter. State Street Corp now owns 1,790,962 shares of the company's stock worth $169,873,000 after purchasing an additional 78,733 shares in the last quarter.

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 transaction, the vice president now owns 32,706 shares of the company's stock, valued at approximately $3,495,290.22. This trade represents a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Joseph A. Kimmell sold 4,335 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $104.21, for a total transaction of $451,750.35. Following the sale, the executive vice president now directly owns 39,411 shares of the company's stock, valued at approximately $4,107,020.31. This represents a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by corporate insiders.

Skyline Champion Stock Performance

Shares of NYSE SKY traded up $1.58 during trading on Wednesday, reaching $99.96. 536,328 shares of the company traded hands, compared to its average volume of 480,004. The firm has a 50 day simple moving average of $95.28 and a 200-day simple moving average of $95.32. Skyline Champion Co. has a 52-week low of $64.82 and a 52-week high of $116.49. The stock has a market capitalization of $5.73 billion, a PE ratio of 35.20 and a beta of 1.62. 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 earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.24. Skyline Champion had a net margin of 6.80% and a return on equity of 13.80%. Equities research analysts anticipate that Skyline Champion Co. will post 3.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Barclays lifted their target price on shares of Skyline Champion from $90.00 to $106.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Royal Bank of Canada raised their price target on shares of Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a research report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Skyline Champion presently has a consensus rating of "Hold" and an average target price of $90.20.

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.