Natixis Advisors LLC Lowers Position in Skyline Champion Co. (NYSE:SKY)

Natixis Advisors LLC lessened its stake in Skyline Champion Co. (NYSE:SKY - Free Report) by 40.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 83,907 shares of the company's stock after selling 57,489 shares during the period. Natixis Advisors LLC owned about 0.15% of Skyline Champion worth $7,392,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Skyline Champion by 137.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 127,307 shares of the company's stock worth $12,075,000 after buying an additional 73,697 shares during the period. Summit Partners Public Asset Management LLC increased its position in shares of Skyline Champion by 23.3% during the third quarter. Summit Partners Public Asset Management LLC now owns 404,673 shares of the company's stock worth $38,383,000 after acquiring an additional 76,573 shares during the period. Algert Global LLC raised its stake in shares of Skyline Champion by 164.1% in the third quarter. Algert Global LLC now owns 14,590 shares of the company's stock valued at $1,384,000 after acquiring an additional 9,066 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Skyline Champion by 80.7% in the fourth 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. Finally, 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 purchasing an additional 24,781 shares in the last quarter.

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Skyline Champion Stock Up 0.6 %

SKY traded up $0.61 on Tuesday, reaching $97.94. The company's stock had a trading volume of 235,825 shares, compared to its average volume of 489,399. 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 fifty-two week low of $64.82 and a fifty-two week high of $116.49. The stock has a 50 day moving average of $97.26 and a two-hundred day moving average of $95.78. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 34.49 and a beta of 1.61.

Skyline Champion (NYSE:SKY - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, beating 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%. As a group, analysts forecast that Skyline Champion Co. will post 3.63 EPS for the current fiscal year.

Insider Activity

In other Skyline Champion news, EVP Joseph A. Kimmell sold 4,335 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $104.21, for a total value of $451,750.35. Following the completion of the sale, the executive vice president now owns 39,411 shares in the company, valued at approximately $4,107,020.31. The trade was a 9.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Timothy A. Burkhardt sold 3,823 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total transaction of $408,564.01. Following the transaction, the vice president now owns 32,706 shares in the company, valued at approximately $3,495,290.22. This trade represents a 10.47 % decrease in their ownership of the stock. 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 subject of several recent research reports. Barclays lifted their price objective on Skyline Champion from $90.00 to $106.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Royal Bank of Canada lifted their price target on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently 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.