Skyline Champion (NYSE:SKY) Trading Down 5.4% - Time to Sell?

Skyline Champion Co. (NYSE:SKY - Get Free Report) traded down 5.4% during trading on Monday . The company traded as low as $94.41 and last traded at $94.54. 92,830 shares traded hands during trading, a decline of 74% from the average session volume of 354,963 shares. The stock had previously closed at $99.94.

Analyst Upgrades and Downgrades

SKY has been the subject of several research analyst reports. StockNews.com upgraded Skyline Champion from a "sell" rating to a "hold" rating in a research report on Thursday, August 8th. Royal Bank of Canada increased their price objective on shares of Skyline Champion from $68.00 to $82.00 and gave the stock a "sector perform" rating in a report on Thursday, August 8th. Wedbush reaffirmed a "neutral" rating and issued a $64.00 target price on shares of Skyline Champion in a research note on Wednesday, August 7th. Barclays increased their price target on shares of Skyline Champion from $68.00 to $85.00 and gave the company an "equal weight" rating in a research note on Monday, August 12th. Finally, Jefferies Financial Group boosted their price objective on shares of Skyline Champion from $79.00 to $86.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $80.20.

Skyline Champion Stock Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.57 and a current ratio of 2.33. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 38.31 and a beta of 1.57. The firm's 50-day moving average price is $92.35 and its 200 day moving average price is $80.96.

Skyline Champion (NYSE:SKY - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.22. The firm had revenue of $627.80 million during the quarter, compared to analyst estimates of $600.39 million. Skyline Champion had a net margin of 6.45% and a return on equity of 13.07%. The business's quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.89 EPS. On average, sell-side analysts anticipate that Skyline Champion Co. will post 3.01 EPS for the current year.

Insider Activity at Skyline Champion

In other Skyline Champion news, Director Mak Capital One Llc sold 80,000 shares of the firm's stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $90.16, for a total transaction of $7,212,800.00. Following the transaction, the director now owns 2,920,000 shares in the company, valued at approximately $263,267,200. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Jonathan Wade Lyall sold 10,000 shares of the firm's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $89.90, for a total transaction of $899,000.00. Following the sale, the executive vice president now owns 36,082 shares of the company's stock, valued at approximately $3,243,771.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mak Capital One Llc sold 80,000 shares of Skyline Champion stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $90.16, for a total value of $7,212,800.00. Following the transaction, the director now owns 2,920,000 shares in the company, valued at approximately $263,267,200. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 163,636 shares of company stock worth $14,582,253. 6.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Skyline Champion

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC bought a new stake in Skyline Champion in the 1st quarter valued at approximately $63,000. nVerses Capital LLC acquired a new position in Skyline Champion during the third quarter worth $76,000. Kessler Investment Group LLC grew its position in Skyline Champion by 41.0% in the second quarter. Kessler Investment Group LLC now owns 2,225 shares of the company's stock valued at $151,000 after purchasing an additional 647 shares in the last quarter. CWM LLC increased its stake in Skyline Champion by 7.4% in the 3rd quarter. CWM LLC now owns 2,286 shares of the company's stock valued at $217,000 after buying an additional 158 shares during the last quarter. Finally, OLD National Bancorp IN bought a new stake in Skyline Champion during the 3rd quarter worth about $225,000.

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.