Strs Ohio Sells 1,800 Shares of Skyline Champion Co. (NYSE:SKY)

Strs Ohio decreased its holdings in Skyline Champion Co. (NYSE:SKY – Get Rating) by 7.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,200 shares of the company’s stock after selling 1,800 shares during the period. Strs Ohio’s holdings in Skyline Champion were worth $1,173,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Banque Cantonale Vaudoise purchased a new stake in shares of Skyline Champion during the second quarter valued at $55,000. Zullo Investment Group Inc. raised its position in shares of Skyline Champion by 16.4% in the second quarter. Zullo Investment Group Inc. now owns 1,410 shares of the company’s stock worth $67,000 after acquiring an additional 199 shares during the period. Financial Management Professionals Inc. acquired a new position in shares of Skyline Champion in the second quarter worth about $68,000. Covestor Ltd raised its position in shares of Skyline Champion by 8,505.3% in the first quarter. Covestor Ltd now owns 1,635 shares of the company’s stock worth $90,000 after acquiring an additional 1,616 shares during the period. Finally, Islay Capital Management LLC acquired a new position in shares of Skyline Champion during the 2nd quarter worth about $98,000. Institutional investors own 99.56% of the company’s stock.

Insider Activity

In other news, Director Gary E. Robinette sold 1,750 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 1,698 shares in the company, valued at $85,375.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Michael B. Berman sold 5,536 shares of the stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $52.70, for a total value of $291,747.20. Following the sale, the director now owns 10,099 shares of the company’s stock, valued at approximately $532,217.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 transaction of $87,990.00. Following the completion of the transaction, the director now 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.

Wall Street Analyst Weigh In

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

Skyline Champion Stock Down 0.3 %

SKY stock opened at $58.98 on Friday. The company has a current ratio of 2.83, a quick ratio of 2.17 and a debt-to-equity ratio of 0.01. The company has a market cap of $3.36 billion, a P/E ratio of 8.15 and a beta of 1.85. The company’s 50-day moving average price is $52.40 and its 200 day moving average price is $55.48. Skyline Champion Co. has a 52 week low of $43.04 and a 52 week high of $81.87.

Skyline Champion (NYSE:SKY – Get Rating) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $2.51 EPS for the quarter, topping the consensus estimate of $1.76 by $0.75. Skyline Champion had a net margin of 15.36% and a return on equity of 46.34%. The firm had revenue of $806.83 million during the quarter, compared to analyst estimates of $664.50 million. On average, research analysts expect that Skyline Champion Co. will post 6.52 earnings per share for the current fiscal year.

Skyline Champion Company Profile

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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.