Mutual of America Capital Management LLC Decreases Position in Skyline Champion Co. (NYSE:SKY)

Mutual of America Capital Management LLC lessened its holdings in Skyline Champion Co. (NYSE:SKY) by 1.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,033 shares of the company’s stock after selling 1,551 shares during the quarter. Mutual of America Capital Management LLC owned 0.16% of Skyline Champion worth $8,540,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. bought a new stake in Skyline Champion in the 3rd quarter worth $808,000. Oppenheimer Asset Management Inc. grew its holdings in Skyline Champion by 8.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 8,785 shares of the company’s stock worth $833,000 after acquiring an additional 718 shares during the last quarter. Versor Investments LP bought a new stake in Skyline Champion in the 3rd quarter worth $392,000. Meritage Portfolio Management grew its holdings in Skyline Champion by 11.1% in the 3rd quarter. Meritage Portfolio Management now owns 5,270 shares of the company’s stock worth $500,000 after acquiring an additional 525 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its holdings in Skyline Champion by 5.1% in the 3rd quarter. Verdence Capital Advisors LLC now owns 3,514 shares of the company’s stock worth $333,000 after acquiring an additional 171 shares during the last quarter.

Skyline Champion Trading Down 0.3 %

NYSE:SKY opened at $96.79 on Tuesday. Skyline Champion Co. has a one year low of $58.62 and a one year high of $101.39. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.42 and a quick ratio of 1.64. The company’s 50-day simple moving average is $93.51 and its 200 day simple moving average is $83.14. The firm has a market capitalization of $5.56 billion, a P/E ratio of 37.37 and a beta of 1.59.

Skyline Champion (NYSE:SKY) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.61 by $0.32. The business had revenue of $616.88 million for the quarter, compared to analyst estimates of $600.52 million. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. Skyline Champion’s quarterly revenue was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 earnings per share. As a group, analysts forecast that Skyline Champion Co. will post 3.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other Skyline Champion news, EVP Joseph A. Kimmell sold 2,964 shares of Skyline Champion stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $88.60, for a total value of $262,610.40. Following the completion of the transaction, the executive vice president now directly owns 47,262 shares of the company’s stock, valued at approximately $4,187,413.20. The trade was a 5.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan Wade Lyall sold 10,000 shares of Skyline Champion stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $89.90, for a total transaction of $899,000.00. Following the completion of the transaction, the executive vice president now directly owns 36,082 shares of the company’s stock, valued at $3,243,771.80. This trade represents a 21.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 132,964 shares of company stock valued at $11,929,210. Insiders own 6.90% of the company’s stock.

Analyst Ratings Changes

SKY has been the topic of a number of research reports. Barclays lifted their target price on shares of Skyline Champion from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. StockNews.com raised shares of Skyline Champion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Wedbush reaffirmed a “neutral” rating and set a $64.00 target price on shares of Skyline Champion in a research note on Wednesday, August 7th. Jefferies Financial Group lifted their target price on shares of Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Craig Hallum lifted their target price on shares of Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Skyline Champion presently has an average rating of “Hold” and an average target price of $85.40.

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.