Skyline Champion Co. (NYSE:SKY) Director Sells $7,212,800.00 in Stock

Skyline Champion Co. (NYSE:SKY) Director Mak Capital One Llc sold 80,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $90.16, for a total transaction of $7,212,800.00. Following the sale, the director now owns 2,920,000 shares in the company, valued at $263,267,200. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Mak Capital One Llc also recently made the following trade(s):

• On Friday, September 6th, Mak Capital One Llc sold 40,000 shares of Skyline Champion stock. The stock was sold at an average price of $88.87, for a total transaction of $3,554,800.00.

Skyline Champion Trading Down 1.1 %

Shares of SKY stock opened at $88.53 on Friday. The firm has a 50-day moving average price of $80.94 and a 200 day moving average price of $78.58. Skyline Champion Co. has a twelve month low of $52.12 and a twelve month high of $93.67. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 34.85 and a beta of 1.58. The company has a current ratio of 2.33, a quick ratio of 1.57 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY) last announced its earnings results on Tuesday, August 6th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.22. Skyline Champion had a net margin of 6.45% and a return on equity of 13.07%. The firm had revenue of $627.80 million during the quarter, compared to the consensus estimate of $600.39 million. During the same quarter in the previous year, the company posted $0.89 EPS. The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. Research analysts forecast that Skyline Champion Co. will post 3.01 earnings per share for the current fiscal year.

Institutional Trading of Skyline Champion

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SKY. Van ECK Associates Corp grew its holdings in Skyline Champion by 38.2% in the 4th quarter. Van ECK Associates Corp now owns 16,634 shares of the company’s stock valued at $1,235,000 after buying an additional 4,600 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Skyline Champion by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 573,607 shares of the company’s stock valued at $42,596,000 after buying an additional 14,322 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Skyline Champion by 6.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,310,969 shares of the company’s stock worth $97,356,000 after purchasing an additional 81,823 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Skyline Champion by 21.9% during the 4th quarter. Principal Financial Group Inc. now owns 15,964 shares of the company’s stock worth $1,185,000 after purchasing an additional 2,863 shares during the period. Finally, First Eagle Investment Management LLC grew its holdings in shares of Skyline Champion by 7.7% during the 4th quarter. First Eagle Investment Management LLC now owns 56,625 shares of the company’s stock worth $4,205,000 after purchasing an additional 4,070 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have commented on SKY. Craig Hallum decreased their target price on shares of Skyline Champion from $88.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Wedbush reaffirmed a “neutral” rating and set a $64.00 price target on shares of Skyline Champion in a research note on Wednesday, August 7th. Barclays lifted their price target on Skyline Champion from $68.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Royal Bank of Canada lifted their price target on Skyline Champion from $68.00 to $82.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 8th. Finally, StockNews.com raised Skyline Champion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $78.75.

Skyline Champion Company 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.