Strs Ohio Decreases Holdings in Skyline Champion Co. (NYSE:SKY)

Strs Ohio cut its position in Skyline Champion Co. (NYSE:SKYGet Rating) by 7.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,200 shares of the company’s stock after selling 1,800 shares during the quarter. Strs Ohio’s holdings in Skyline Champion were worth $1,173,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its position in shares of Skyline Champion by 28.9% during the 1st quarter. JPMorgan Chase & Co. now owns 60,302 shares of the company’s stock valued at $3,309,000 after buying an additional 13,513 shares during the last quarter. Private Advisor Group LLC bought a new stake in shares of Skyline Champion during the 1st quarter worth about $277,000. Bank of Montreal Can acquired a new stake in Skyline Champion in the first quarter worth approximately $222,000. Acadian Asset Management LLC bought a new stake in Skyline Champion in the first quarter worth about $496,000. Finally, MetLife Investment Management LLC lifted its stake in Skyline Champion by 53.8% during the first quarter. MetLife Investment Management LLC now owns 28,047 shares of the company’s stock valued at $1,539,000 after purchasing an additional 9,809 shares during the last quarter. Institutional investors and hedge funds own 99.56% of the company’s stock.

Wall Street Analysts Forecast Growth

SKY has been the subject of a number of recent analyst reports. Barclays lowered shares of Skyline Champion from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $65.00 to $60.00 in a research note on Wednesday, December 14th. Royal Bank of Canada downgraded Skyline Champion from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $72.00 to $54.00 in a report on Thursday, November 3rd. StockNews.com assumed coverage on shares of Skyline Champion in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Craig Hallum reduced their target price on Skyline Champion from $75.00 to $65.00 in a research report on Thursday, November 3rd.

Insider Buying and Selling at Skyline Champion

In other news, Director Michael B. Berman sold 5,536 shares of the stock in a transaction on Friday, December 2nd. The stock was sold at an average price of $52.70, for a total transaction of $291,747.20. Following the sale, the director now directly owns 10,099 shares of the company’s stock, valued at approximately $532,217.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Michael B. Berman sold 5,536 shares of the stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $52.70, for a total value of $291,747.20. Following the completion of the sale, the director now owns 10,099 shares of the company’s stock, valued at $532,217.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gary E. Robinette sold 1,750 shares of the stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $50.28, for a total value of $87,990.00. Following the completion of the sale, the director now directly owns 1,698 shares of the company’s stock, valued at approximately $85,375.44. The disclosure for this sale can be found here. Insiders own 7.10% of the company’s stock.

Skyline Champion Trading Down 0.3 %

NYSE:SKY opened at $58.98 on Friday. Skyline Champion Co. has a fifty-two week low of $43.04 and a fifty-two week high of $81.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.83 and a quick ratio of 2.17. The stock has a market capitalization of $3.36 billion, a PE ratio of 8.15 and a beta of 1.85. The business’s 50-day simple moving average is $52.40 and its 200-day simple moving average is $55.48.

Skyline Champion (NYSE:SKYGet Rating) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.75. The company had revenue of $806.83 million for the quarter, compared to analysts’ expectations of $664.50 million. Skyline Champion had a return on equity of 46.34% and a net margin of 15.36%. Sell-side analysts expect that Skyline Champion Co. will post 6.52 earnings per share for the current fiscal year.

Skyline Champion Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Skyline Champion (NYSE:SKY)

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