Oppenheimer & Co. Inc. Sells 5,465 Shares of Skyline Champion Co. (NYSE:SKY)

Oppenheimer & Co. Inc. lowered its stake in Skyline Champion Co. (NYSE:SKY - Free Report) by 64.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,053 shares of the company's stock after selling 5,465 shares during the period. Oppenheimer & Co. Inc.'s holdings in Skyline Champion were worth $269,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Truvestments Capital LLC purchased a new position in shares of Skyline Champion during the 3rd quarter worth approximately $32,000. Quarry LP purchased a new stake in Skyline Champion in the third quarter worth $67,000. Venturi Wealth Management LLC bought a new position in Skyline Champion in the fourth quarter worth $112,000. KBC Group NV lifted its position in Skyline Champion by 53.9% during the fourth quarter. KBC Group NV now owns 2,288 shares of the company's stock valued at $202,000 after buying an additional 801 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Skyline Champion during the 4th quarter valued at $210,000.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Barclays increased their price target on shares of Skyline Champion from $90.00 to $106.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Royal Bank of Canada raised their target price on shares of Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a research note on Thursday, February 6th. 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 a consensus rating of "Hold" and an average price target of $90.20.

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Skyline Champion Stock Down 0.4 %

Shares of SKY traded down $0.39 during trading hours on Wednesday, hitting $93.83. The company had a trading volume of 197,637 shares, compared to its average volume of 615,015. Skyline Champion Co. has a 52-week low of $64.82 and a 52-week high of $116.49. The firm has a fifty day moving average price of $96.05 and a 200-day moving average price of $95.59. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 33.04 and a beta of 1.61. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59.

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%. On average, equities research analysts forecast that Skyline Champion Co. will post 3.63 EPS for the current fiscal year.

Insider Activity at Skyline Champion

In other news, EVP Joseph A. Kimmell sold 4,335 shares of the business'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 completion of the transaction, the executive vice president now directly owns 39,411 shares of the company's stock, valued at $4,107,020.31. The trade was a 9.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 completion of the sale, the vice president now owns 32,706 shares in the company, valued at $3,495,290.22. This represents a 10.47 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by insiders.

Skyline Champion 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.