Insider Selling: Skyline Champion Co. (NYSE:SKY) VP Sells 3,823 Shares of Stock

Skyline Champion Co. (NYSE:SKY - Get Free Report) VP Timothy A. Burkhardt sold 3,823 shares of the business's stock in a transaction 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 transaction, the vice president now directly owns 32,706 shares of the company's stock, valued at $3,495,290.22. The trade was a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Skyline Champion Stock Performance

Shares of Skyline Champion stock traded down $0.74 on Friday, hitting $107.40. The stock had a trading volume of 332,639 shares, compared to its average volume of 621,433. Skyline Champion Co. has a 52-week low of $64.82 and a 52-week high of $116.49. The company has a current ratio of 2.59, a quick ratio of 1.64 and a debt-to-equity ratio of 0.02. The stock has a market cap of $6.15 billion, a price-to-earnings ratio of 37.82 and a beta of 1.62. The company's 50 day moving average price is $94.95 and its 200 day moving average price is $93.62.

Skyline Champion (NYSE:SKY - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.24. Skyline Champion had a return on equity of 13.80% and a net margin of 6.80%. On average, research analysts anticipate that Skyline Champion Co. will post 3.54 EPS for the current year.

Analyst Ratings Changes

SKY has been the subject of several analyst reports. Royal Bank of Canada upped their price objective 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. Craig Hallum upped their price objective on Skyline Champion from $92.00 to $99.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Finally, Barclays upped their price objective on Skyline Champion from $90.00 to $106.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $90.20.

Institutional Trading of Skyline Champion

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in Skyline Champion by 137.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 127,307 shares of the company's stock valued at $12,075,000 after acquiring an additional 73,697 shares during the last quarter. Summit Partners Public Asset Management LLC raised its stake in Skyline Champion by 23.3% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 404,673 shares of the company's stock valued at $38,383,000 after acquiring an additional 76,573 shares during the last quarter. Algert Global LLC raised its stake in Skyline Champion by 164.1% during the 3rd quarter. Algert Global LLC now owns 14,590 shares of the company's stock valued at $1,384,000 after acquiring an additional 9,066 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in Skyline Champion by 26.3% during the 4th quarter. Harbor Capital Advisors Inc. now owns 119,154 shares of the company's stock valued at $10,497,000 after acquiring an additional 24,781 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Skyline Champion during the 3rd quarter valued at approximately $2,369,000.

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.