Trexquant Investment LP Buys Shares of 22,323 Skyline Champion Co. (NYSE:SKY)

Trexquant Investment LP bought a new stake in Skyline Champion Co. (NYSE:SKY – Get Rating) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 22,323 shares of the company’s stock, valued at approximately $1,180,000.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Skyline Champion by 4.9% in the 3rd quarter. Vanguard Group Inc. now owns 5,901,968 shares of the company’s stock valued at $312,037,000 after buying an additional 275,120 shares during the period. Wellington Management Group LLP grew its holdings in shares of Skyline Champion by 6.1% during the 1st quarter. Wellington Management Group LLP now owns 5,864,485 shares of the company’s stock valued at $321,842,000 after purchasing an additional 335,974 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Skyline Champion by 7.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,415,024 shares of the company’s stock valued at $114,520,000 after purchasing an additional 162,051 shares during the last quarter. FMR LLC grew its holdings in shares of Skyline Champion by 12.4% during the 2nd quarter. FMR LLC now owns 1,502,519 shares of the company’s stock valued at $71,249,000 after purchasing an additional 165,453 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Skyline Champion by 8.6% during the 1st quarter. State Street Corp now owns 1,466,505 shares of the company’s stock valued at $80,482,000 after purchasing an additional 116,078 shares during the last quarter. 99.56% of the stock is owned by institutional investors.

Skyline Champion Stock Down 1.2 %

NYSE:SKY opened at $65.92 on Tuesday. The firm’s 50 day simple moving average is $63.27 and its 200 day simple moving average is $57.02. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.86 and a quick ratio of 3.01. Skyline Champion Co. has a one year low of $43.04 and a one year high of $73.40. The company has a market cap of $3.76 billion, a PE ratio of 8.79 and a beta of 1.65.

Skyline Champion (NYSE:SKY – Get Rating) last posted its earnings results on Tuesday, February 7th. The company reported $1.44 EPS for the quarter, topping the consensus estimate of $0.97 by $0.47. Skyline Champion had a net margin of 15.65% and a return on equity of 42.79%. The business had revenue of $582.30 million for the quarter, compared to the consensus estimate of $534.75 million. During the same period last year, the company earned $1.18 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. On average, research analysts anticipate that Skyline Champion Co. will post 6.98 earnings per share for the current year.

Insider Transactions at Skyline Champion

In other news, CEO Mark J. Yost sold 41,823 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $55.46, for a total value of $2,319,503.58. Following the transaction, the chief executive officer now owns 113,370 shares in the company, valued at approximately $6,287,500.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Mark J. Yost sold 41,823 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $55.46, for a total value of $2,319,503.58. Following the transaction, the chief executive officer now owns 113,370 shares in the company, valued at approximately $6,287,500.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Timothy A. Burkhardt sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $69.12, for a total transaction of $241,920.00. Following the completion of the transaction, the vice president now owns 26,066 shares in the company, valued at approximately $1,801,681.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,377 shares of company stock worth $5,267,804. Company insiders own 7.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SKY shares. StockNews.com lowered shares of Skyline Champion from a “buy” rating to a “hold” rating in a report on Wednesday, February 8th. Royal Bank of Canada lifted their price target on shares of Skyline Champion from $54.00 to $65.00 in a report on Wednesday, February 8th. Craig Hallum lifted their price target on shares of Skyline Champion from $65.00 to $78.00 in a report on Wednesday, February 8th. Finally, Barclays lowered shares of Skyline Champion from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $65.00 to $60.00 in a report on Wednesday, December 14th.

Skyline Champion Profile

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Skyline Champion Corp. engages in the manufacturing and retail of mobile homes and other manufactured housing. It builds homes under the following brands: Skyline Homes, Champion Home Builders, Athens Park Model RVs, Dutch Housing, Excel Homes, Homes of Merit, New Era, Redman Homes, Shore Park, Silvercrest, Titan Homes in the U.S.