Skyline Champion Co. (NYSE:SKY) Shares Sold by Macquarie Group Ltd.

Macquarie Group Ltd. reduced its stake in Skyline Champion Co. (NYSE:SKY) by 20.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,465 shares of the company’s stock after selling 7,593 shares during the period. Macquarie Group Ltd. owned 0.05% of Skyline Champion worth $2,292,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Toroso Investments LLC purchased a new position in Skyline Champion in the first quarter valued at approximately $613,000. JPMorgan Chase & Co. increased its stake in Skyline Champion by 8.8% in the first quarter. JPMorgan Chase & Co. now owns 113,119 shares of the company’s stock valued at $8,509,000 after purchasing an additional 9,186 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in Skyline Champion in the first quarter valued at approximately $206,000. Thrivent Financial for Lutherans increased its stake in Skyline Champion by 230.9% in the first quarter. Thrivent Financial for Lutherans now owns 1,119,551 shares of the company’s stock valued at $84,224,000 after purchasing an additional 781,209 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Skyline Champion during the first quarter worth approximately $289,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SKY. StockNews.com began coverage on shares of Skyline Champion in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Craig Hallum raised their target price on shares of Skyline Champion from $75.00 to $81.00 and gave the stock a “buy” rating in a research report on Wednesday, August 16th. Jefferies Financial Group raised their target price on shares of Skyline Champion from $61.00 to $62.00 and gave the stock a “hold” rating in a research report on Thursday, July 13th. Wedbush restated an “outperform” rating and set a $78.00 target price on shares of Skyline Champion in a research report on Tuesday, August 15th. Finally, Royal Bank of Canada raised their target price on shares of Skyline Champion from $62.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Wednesday, September 6th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $69.80.

Skyline Champion Price Performance

Shares of NYSE SKY opened at $68.37 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.39 and a quick ratio of 3.59. The stock has a fifty day moving average price of $68.16 and a 200 day moving average price of $67.89. Skyline Champion Co. has a 1-year low of $44.68 and a 1-year high of $76.82. The company has a market cap of $3.91 billion, a PE ratio of 11.71 and a beta of 1.71.

Skyline Champion (NYSE:SKY) last released its earnings results on Tuesday, August 1st. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.11. Skyline Champion had a return on equity of 28.09% and a net margin of 14.32%. The company had revenue of $464.77 million during the quarter, compared to the consensus estimate of $463.48 million. During the same quarter last year, the company earned $2.04 earnings per share. Skyline Champion’s quarterly revenue was down 36.0% compared to the same quarter last year. Sell-side analysts forecast that Skyline Champion Co. will post 3.67 EPS for the current year.

Insider Buying and Selling at Skyline Champion

In other Skyline Champion news, VP Timothy A. Burkhardt sold 4,113 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $71.04, for a total value of $292,187.52. Following the completion of the sale, the vice president now owns 34,855 shares of the company’s stock, valued at $2,476,099.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Skyline Champion news, VP Timothy A. Burkhardt sold 4,113 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $71.04, for a total value of $292,187.52. Following the completion of the sale, the vice president now owns 34,855 shares of the company’s stock, valued at $2,476,099.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Keith A. Anderson sold 5,000 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $73.26, for a total value of $366,300.00. Following the completion of the sale, the director now directly owns 238,098 shares of the company’s stock, valued at approximately $17,443,059.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,113 shares of company stock valued at $1,384,888. 7.00% of the stock is owned by company insiders.

Skyline Champion Profile

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.