Thrivent Financial for Lutherans Trims Stock Holdings in Skyline Champion Co. (NYSE:SKY)

Thrivent Financial for Lutherans reduced its stake in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 12.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,308,988 shares of the company's stock after selling 333,135 shares during the quarter. Thrivent Financial for Lutherans owned about 4.02% of Skyline Champion worth $219,007,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. bought a new stake in Skyline Champion during the third quarter worth approximately $808,000. Oppenheimer Asset Management Inc. boosted its holdings in shares of Skyline Champion by 8.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 8,785 shares of the company's stock valued at $833,000 after purchasing an additional 718 shares during the period. Versor Investments LP purchased a new stake in shares of Skyline Champion in the third quarter valued at approximately $392,000. Meritage Portfolio Management boosted its holdings in shares of Skyline Champion by 11.1% in the third quarter. Meritage Portfolio Management now owns 5,270 shares of the company's stock valued at $500,000 after purchasing an additional 525 shares during the period. Finally, Verdence Capital Advisors LLC boosted its holdings in shares of Skyline Champion by 5.1% in the third quarter. Verdence Capital Advisors LLC now owns 3,514 shares of the company's stock valued at $333,000 after purchasing an additional 171 shares during the period.

Wall Street Analysts Forecast Growth

SKY has been the subject of a number of research reports. StockNews.com upgraded Skyline Champion from a "sell" rating to a "hold" rating in a report on Thursday, August 8th. Barclays upped their target price on Skyline Champion from $85.00 to $90.00 and gave the stock an "equal weight" rating in a report on Thursday, October 31st. Wedbush reaffirmed a "neutral" rating and set a $64.00 target price on shares of Skyline Champion in a research report on Wednesday, August 7th. Royal Bank of Canada increased their target price on Skyline Champion from $82.00 to $88.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 30th. Finally, Craig Hallum increased their target price on Skyline Champion from $92.00 to $99.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $85.40.

Skyline Champion Price Performance

NYSE SKY remained flat at $97.08 during midday trading on Friday. The company's stock had a trading volume of 342,852 shares, compared to its average volume of 418,391. The company has a current ratio of 2.42, a quick ratio of 1.64 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $5.57 billion, a P/E ratio of 37.48 and a beta of 1.59. Skyline Champion Co. has a 1-year low of $58.35 and a 1-year high of $101.39. The firm has a 50 day simple moving average of $93.32 and a 200-day simple moving average of $83.01.

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

Insider Transactions at Skyline Champion

In related news, EVP Jonathan Wade Lyall sold 10,000 shares of the firm's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $89.90, for a total value of $899,000.00. Following the completion of the transaction, the executive vice president now owns 36,082 shares in the company, valued at $3,243,771.80. This trade represents a 21.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mak Capital One Llc sold 80,000 shares of the firm's stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $90.16, for a total value of $7,212,800.00. Following the completion of the transaction, the director now owns 2,920,000 shares of the company's stock, valued at $263,267,200. This trade represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 141,192 shares of company stock valued at $12,660,782 in the last quarter. 6.90% of the stock is currently owned by corporate insiders.

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.