Teton Advisors Inc. Cuts Stock Position in Skyline Champion Co. (NYSE:SKY)

Teton Advisors Inc. reduced its stake in Skyline Champion Co. (NYSE:SKY - Free Report) by 63.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,300 shares of the company's stock after selling 7,500 shares during the quarter. Teton Advisors Inc.'s holdings in Skyline Champion were worth $379,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SKY. Harvest Fund Management Co. Ltd bought a new position in Skyline Champion during the 4th quarter worth $36,000. Sterling Capital Management LLC raised its stake in Skyline Champion by 645.5% in the 4th quarter. Sterling Capital Management LLC now owns 917 shares of the company's stock worth $81,000 after purchasing an additional 794 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Skyline Champion during the fourth quarter worth approximately $108,000. Venturi Wealth Management LLC acquired a new stake in Skyline Champion during the fourth quarter worth approximately $112,000. Finally, New Age Alpha Advisors LLC acquired a new position in Skyline Champion in the 4th quarter valued at $176,000.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Royal Bank of Canada raised their price target on Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Barclays dropped their target price on shares of Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $88.40.

Skyline Champion Price Performance

SKY stock traded up $1.42 during trading on Friday, reaching $81.93. 346,217 shares of the company were exchanged, compared to its average volume of 530,700. The company has a 50-day moving average of $94.31 and a two-hundred day moving average of $94.97. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 28.85 and a beta of 1.41. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74. Skyline Champion Co. has a twelve month low of $64.82 and a twelve month high of $116.49.

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%. As a group, equities analysts predict that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

Insider Activity at Skyline Champion

In other Skyline Champion news, VP Timothy A. Burkhardt sold 3,823 shares of the business'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 value of $408,564.01. Following the completion of the sale, the vice president now owns 32,706 shares in the company, valued at approximately $3,495,290.22. The trade was a 10.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph A. Kimmell sold 4,335 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $104.21, for a total transaction of $451,750.35. Following the completion of the sale, the executive vice president now directly owns 39,411 shares of the company's stock, valued at approximately $4,107,020.31. This represents a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.90% of the stock is owned by company 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.