Thrivent Financial for Lutherans Sells 53,741 Shares of Skyline Champion Co. (NYSE:SKY)

Thrivent Financial for Lutherans trimmed its stake in Skyline Champion Co. (NYSE:SKY - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,255,247 shares of the company's stock after selling 53,741 shares during the quarter. Thrivent Financial for Lutherans owned approximately 3.94% of Skyline Champion worth $198,688,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Truvestments Capital LLC bought a new position in Skyline Champion in the third quarter valued at approximately $32,000. Quarry LP bought a new position in Skyline Champion in the third quarter valued at approximately $67,000. Venturi Wealth Management LLC bought a new position in Skyline Champion in the fourth quarter valued at approximately $112,000. KBC Group NV grew its stake in Skyline Champion by 53.9% in the fourth quarter. KBC Group NV now owns 2,288 shares of the company's stock valued at $202,000 after purchasing an additional 801 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Skyline Champion in the fourth quarter valued at approximately $210,000.

Insider Buying and Selling

In other Skyline Champion news, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion stock in a transaction on Monday, February 10th. The stock was sold at an average price of $104.21, for a total value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Timothy A. Burkhardt sold 3,823 shares of Skyline Champion stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total value of $408,564.01. Following the completion of the transaction, the vice president now directly owns 32,706 shares of the company's stock, valued at $3,495,290.22. This represents a 10.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by insiders.

Remove Ads

Skyline Champion Stock Performance

Shares of SKY traded down $0.69 during mid-day trading on Friday, reaching $94.25. The company's stock had a trading volume of 1,024,763 shares, compared to its average volume of 489,350. The stock has a market cap of $5.40 billion, a P/E ratio of 33.19 and a beta of 1.61. The business has a 50-day simple moving average of $97.06 and a two-hundred day simple moving average of $95.64. The company has a current ratio of 2.59, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. Skyline Champion Co. has a 1-year low of $64.82 and a 1-year high of $116.49.

Skyline Champion (NYSE:SKY - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, topping 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%. As a group, equities research analysts anticipate that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on SKY shares. Barclays raised their price objective on Skyline Champion from $90.00 to $106.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Royal Bank of Canada raised their price objective on Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a research report 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 stock. Based on data from MarketBeat.com, Skyline Champion currently has an average rating of "Hold" and a consensus target price of $90.20.

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.