Skyline Champion Co. (NYSE:SKY) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its holdings in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 20.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 141,396 shares of the company's stock after selling 35,244 shares during the period. Natixis Advisors LLC owned 0.25% of Skyline Champion worth $13,412,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Oppenheimer & Co. Inc. purchased a new stake in Skyline Champion during the third quarter worth $808,000. Oppenheimer Asset Management Inc. boosted its position in Skyline Champion by 8.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 8,785 shares of the company's stock valued at $833,000 after purchasing an additional 718 shares in the last quarter. Versor Investments LP purchased a new position in Skyline Champion in the third quarter valued at about $392,000. Meritage Portfolio Management raised its holdings in Skyline Champion by 11.1% in the third quarter. Meritage Portfolio Management now owns 5,270 shares of the company's stock worth $500,000 after purchasing an additional 525 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its position in shares of Skyline Champion by 5.1% during the third quarter. Verdence Capital Advisors LLC now owns 3,514 shares of the company's stock valued at $333,000 after buying an additional 171 shares during the last quarter.

Skyline Champion Trading Up 0.7 %

Shares of SKY stock opened at $98.79 on Thursday. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 37.90 and a beta of 1.59. Skyline Champion Co. has a 1-year low of $58.85 and a 1-year high of $101.39. The stock has a 50 day simple moving average of $93.96 and a 200-day simple moving average of $83.39. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.42 and a quick ratio of 1.64.

Skyline Champion (NYSE:SKY - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.32. The company had revenue of $616.88 million for the quarter, compared to analyst estimates of $600.52 million. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. The firm's revenue for the quarter was up 32.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 EPS. On average, equities research analysts expect that Skyline Champion Co. will post 3.43 EPS for the current fiscal year.

Insider Buying and Selling at Skyline Champion

In related news, Director Mak Capital One Llc sold 80,000 shares of Skyline Champion stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $90.16, for a total value of $7,212,800.00. Following the completion of the transaction, the director now owns 2,920,000 shares in the company, valued at approximately $263,267,200. The trade was a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jonathan Wade Lyall sold 10,000 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $89.90, for a total value of $899,000.00. Following the completion of the sale, the executive vice president now owns 36,082 shares in the company, valued at approximately $3,243,771.80. The trade was a 21.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 130,000 shares of company stock worth $11,666,600 in the last three months. 6.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SKY has been the subject of several recent analyst reports. Barclays boosted their price objective on shares of Skyline Champion from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. Royal Bank of Canada increased their price target on Skyline Champion from $82.00 to $88.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 30th. StockNews.com raised Skyline Champion from a "sell" rating to a "hold" rating in a research report on Thursday, August 8th. Craig Hallum increased their price objective on Skyline Champion from $92.00 to $99.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Finally, Wedbush restated a "neutral" rating and set a $64.00 price objective on shares of Skyline Champion in a research note on Wednesday, August 7th. Five equities research 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 an average rating of "Hold" and an average price target of $85.40.

Skyline Champion Company 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.