Raymond James & Associates Sells 829 Shares of Skyline Champion Co. (NYSE:SKY)

Raymond James & Associates decreased its position in shares of Skyline Champion Co. (NYSE:SKYGet Rating) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,892 shares of the company’s stock after selling 829 shares during the period. Raymond James & Associates owned approximately 0.13% of Skyline Champion worth $3,907,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SKY. Zullo Investment Group Inc. boosted its stake in Skyline Champion by 16.4% in the second quarter. Zullo Investment Group Inc. now owns 1,410 shares of the company’s stock valued at $67,000 after buying an additional 199 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Skyline Champion by 5.7% during the first quarter. Mackenzie Financial Corp now owns 4,120 shares of the company’s stock worth $226,000 after acquiring an additional 224 shares during the last quarter. AE Wealth Management LLC raised its position in shares of Skyline Champion by 2.6% during the third quarter. AE Wealth Management LLC now owns 9,717 shares of the company’s stock worth $514,000 after acquiring an additional 243 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Skyline Champion by 1.0% during the second quarter. Macquarie Group Ltd. now owns 54,030 shares of the company’s stock worth $2,562,000 after acquiring an additional 545 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in Skyline Champion by 5.9% in the second quarter. Arizona State Retirement System now owns 14,630 shares of the company’s stock worth $694,000 after purchasing an additional 812 shares in the last quarter. Institutional investors own 99.56% of the company’s stock.

Insiders Place Their Bets

In other Skyline Champion news, Director Michael B. Berman sold 5,536 shares of the business’s stock in a transaction on Friday, December 2nd. The stock was sold at an average price of $52.70, for a total value of $291,747.20. Following the transaction, the director now owns 10,099 shares of the company’s stock, valued at $532,217.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Skyline Champion news, Director Michael B. Berman sold 5,536 shares of the business’s stock in a transaction on Friday, December 2nd. The stock was sold at an average price of $52.70, for a total value of $291,747.20. Following the transaction, the director now owns 10,099 shares of the company’s stock, valued at $532,217.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark J. Yost sold 41,823 shares of the business’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $55.46, for a total value of $2,319,503.58. Following the completion of the transaction, the chief executive officer now directly owns 113,370 shares in the company, valued at approximately $6,287,500.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,109 shares of company stock valued at $2,699,241. Insiders own 7.10% of the company’s stock.

Skyline Champion Stock Down 1.9 %

Shares of NYSE:SKY opened at $56.29 on Thursday. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 7.93 and a beta of 1.85. The company has a quick ratio of 2.17, a current ratio of 2.83 and a debt-to-equity ratio of 0.01. Skyline Champion Co. has a 12-month low of $43.04 and a 12-month high of $81.87. The business’s 50 day moving average is $52.80 and its 200 day moving average is $55.71.

Skyline Champion (NYSE:SKYGet Rating) last announced its earnings results on Tuesday, November 1st. The company reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. On average, sell-side analysts forecast that Skyline Champion Co. will post 6.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

About Skyline Champion

(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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