Skyline Champion Co. (NYSE:SKY) Director Mak Capital One Llc Sells 80,000 Shares

Skyline Champion Co. (NYSE:SKY) Director Mak Capital One Llc sold 80,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $90.16, for a total transaction of $7,212,800.00. Following the completion of the sale, the director now directly owns 2,920,000 shares in the company, valued at approximately $263,267,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $88.87, for a total transaction of $3,554,800.00.

Skyline Champion Stock Performance

Shares of SKY opened at $88.53 on Friday. The company has a current ratio of 2.33, a quick ratio of 1.57 and a debt-to-equity ratio of 0.02. The firm has a market cap of $5.12 billion, a PE ratio of 34.85 and a beta of 1.58. The company’s 50 day simple moving average is $80.94 and its 200-day simple moving average is $78.58. Skyline Champion Co. has a 12-month low of $52.12 and a 12-month high of $93.67.

Skyline Champion (NYSE:SKY) last announced its earnings results on Tuesday, August 6th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.22. The business had revenue of $627.80 million for the quarter, compared to analyst estimates of $600.39 million. Skyline Champion had a net margin of 6.45% and a return on equity of 13.07%. The company’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period last year, the firm posted $0.89 earnings per share. As a group, equities analysts predict that Skyline Champion Co. will post 3.01 EPS for the current year.

Hedge Funds Weigh In On Skyline Champion

Hedge funds have recently modified their holdings of the business. Norges Bank purchased a new position in Skyline Champion in the 4th quarter valued at $34,476,000. Victory Capital Management Inc. grew its position in Skyline Champion by 46.0% in the 2nd quarter. Victory Capital Management Inc. now owns 669,895 shares of the company’s stock valued at $45,385,000 after buying an additional 211,099 shares during the last quarter. Burgundy Asset Management Ltd. grew its position in Skyline Champion by 22.7% in the 4th quarter. Burgundy Asset Management Ltd. now owns 736,477 shares of the company’s stock valued at $54,691,000 after buying an additional 136,071 shares during the last quarter. Forge First Asset Management Inc. purchased a new position in Skyline Champion in the 1st quarter valued at $9,398,000. Finally, Vaughan Nelson Investment Management L.P. grew its position in Skyline Champion by 15.0% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 808,487 shares of the company’s stock valued at $68,730,000 after buying an additional 105,330 shares during the last quarter.

Analyst Ratings Changes

Several analysts recently weighed in on SKY shares. Craig Hallum reduced their target price on shares of Skyline Champion from $88.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Wedbush reissued a “neutral” rating and set a $64.00 price objective on shares of Skyline Champion in a report on Wednesday, August 7th. Barclays raised their price objective on shares of Skyline Champion from $68.00 to $85.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Royal Bank of Canada raised their price objective on shares of Skyline Champion from $68.00 to $82.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. Finally, StockNews.com raised shares of Skyline Champion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price 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.