Trexquant Investment LP Sells 14,867 Shares of Skyline Champion Co. (NYSE:SKY)

Trexquant Investment LP reduced its stake in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 26.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,727 shares of the company's stock after selling 14,867 shares during the period. Trexquant Investment LP owned 0.07% of Skyline Champion worth $3,676,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd bought a new stake in shares of Skyline Champion during the 4th quarter worth $36,000. Quarry LP bought a new stake in Skyline Champion during the third quarter valued at about $67,000. Headlands Technologies LLC acquired a new stake in shares of Skyline Champion in the fourth quarter valued at about $108,000. Venturi Wealth Management LLC bought a new position in shares of Skyline Champion in the fourth quarter worth about $112,000. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Skyline Champion during the 4th quarter worth about $176,000.

Analysts Set New Price Targets

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

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Skyline Champion Stock Performance

Shares of SKY traded down $0.94 on Friday, reaching $81.83. 502,643 shares of the stock traded hands, compared to its average volume of 526,474. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74. The stock's 50-day moving average price is $96.65 and its 200-day moving average price is $95.43. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 28.81 and a beta of 1.41.

Skyline Champion (NYSE:SKY - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.24. Skyline Champion had a net margin of 6.80% and a return on equity of 13.80%. Equities analysts forecast that Skyline Champion Co. will post 3.63 EPS for the current fiscal year.

Insider Buying and Selling at Skyline Champion

In other news, EVP Joseph A. Kimmell sold 4,335 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $104.21, for a total value of $451,750.35. Following the sale, the executive vice president now owns 39,411 shares in the company, valued at approximately $4,107,020.31. The trade was a 9.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Timothy A. Burkhardt sold 3,823 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total transaction of $408,564.01. Following the sale, the vice president now owns 32,706 shares of the company's stock, valued at $3,495,290.22. This trade represents a 10.47 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.90% of the company's stock.

About Skyline Champion

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.