Royce & Associates LP Sells 132,574 Shares of Skyline Champion Co. (NYSE:SKY)

Royce & Associates LP lessened its stake in Skyline Champion Co. (NYSE:SKY - Free Report) by 30.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 306,417 shares of the company's stock after selling 132,574 shares during the quarter. Royce & Associates LP owned about 0.53% of Skyline Champion worth $29,064,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Skyline Champion during the 1st quarter worth about $791,000. Bessemer Group Inc. lifted its position in Skyline Champion by 7.0% during the 1st quarter. Bessemer Group Inc. now owns 156,782 shares of the company's stock worth $13,328,000 after buying an additional 10,251 shares in the last quarter. Seven Eight Capital LP acquired a new position in Skyline Champion during the first quarter valued at approximately $728,000. Canada Pension Plan Investment Board grew its stake in shares of Skyline Champion by 38.6% in the second quarter. Canada Pension Plan Investment Board now owns 42,700 shares of the company's stock valued at $2,893,000 after buying an additional 11,900 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its stake in shares of Skyline Champion by 4.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 844,367 shares of the company's stock worth $57,206,000 after purchasing an additional 35,880 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SKY. 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. Wedbush restated a "neutral" rating and issued a $64.00 price target on shares of Skyline Champion in a research note on Wednesday, August 7th. Jefferies Financial Group increased their price objective on Skyline Champion from $79.00 to $86.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Barclays boosted their target price on shares of Skyline Champion from $85.00 to $90.00 and gave the company an "equal weight" rating in a research report on Thursday, October 31st. Finally, Craig Hallum upped their price target on shares of Skyline Champion from $92.00 to $99.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $85.40.

Skyline Champion Price Performance

Shares of NYSE:SKY remained flat at $97.08 during midday trading on Friday. 342,852 shares of the stock traded hands, compared to its average volume of 360,810. The stock has a fifty day moving average price of $93.32 and a 200-day moving average price of $82.90. Skyline Champion Co. has a one year low of $58.35 and a one year high of $101.39. The company has a quick ratio of 1.64, a current ratio of 2.42 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $5.57 billion, a P/E ratio of 37.51 and a beta of 1.59.

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

Insider Buying and Selling

In other news, Director Mak Capital One Llc sold 40,000 shares of the company's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $88.87, for a total value of $3,554,800.00. Following the sale, the director now directly owns 2,716,500 shares of the company's stock, valued at approximately $241,415,355. This represents a 1.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Timothy A. Burkhardt sold 2,874 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $89.42, for a total transaction of $256,993.08. Following the sale, the vice president now owns 38,792 shares of the company's stock, valued at approximately $3,468,780.64. This trade represents a 6.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 141,192 shares of company stock worth $12,660,782 in the last three months. 6.90% of the stock is owned by corporate 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.