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

Mutual of America Capital Management LLC trimmed its stake in shares of Skyline Champion Co. (NYSE:SKY) by 1.7% in the 3rd quarter, Holdings Channel reports. The firm owned 90,033 shares of the company’s stock after selling 1,551 shares during the period. Mutual of America Capital Management LLC’s holdings in Skyline Champion were worth $8,540,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in SKY. nVerses Capital LLC purchased a new stake in Skyline Champion during the third quarter valued at approximately $76,000. Kessler Investment Group LLC increased its holdings in Skyline Champion by 41.0% during the second quarter. Kessler Investment Group LLC now owns 2,225 shares of the company’s stock valued at $151,000 after buying an additional 647 shares during the last quarter. Blue Trust Inc. increased its holdings in Skyline Champion by 77,800.0% during the second quarter. Blue Trust Inc. now owns 3,116 shares of the company’s stock valued at $211,000 after buying an additional 3,112 shares during the last quarter. Cannon Global Investment Management LLC purchased a new stake in Skyline Champion during the second quarter valued at approximately $217,000. Finally, CWM LLC increased its holdings in Skyline Champion by 7.4% during the third quarter. CWM LLC now owns 2,286 shares of the company’s stock valued at $217,000 after buying an additional 158 shares during the last quarter.

Analyst Ratings Changes

SKY has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their price target on shares of Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Wedbush reiterated a “neutral” rating and issued a $64.00 price target on shares of Skyline Champion in a research report on Wednesday, August 7th. Craig Hallum upped their price target on shares of Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. StockNews.com upgraded shares of Skyline Champion from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, Royal Bank of Canada upped their price target on shares of Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $85.40.

Skyline Champion Price Performance

Shares of NYSE:SKY opened at $96.79 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.42. The firm has a fifty day moving average price of $93.51 and a 200 day moving average price of $83.14. Skyline Champion Co. has a fifty-two week low of $58.62 and a fifty-two week high of $101.39. The firm has a market cap of $5.56 billion, a price-to-earnings ratio of 37.37 and a beta of 1.59.

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

Insider Buying and Selling

In related news, Director Mak Capital One Llc sold 80,000 shares of the company’s stock in a transaction 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 sale, the director now owns 2,920,000 shares of the company’s stock, valued at $263,267,200. This represents a 2.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph A. Kimmell sold 2,964 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $88.60, for a total transaction of $262,610.40. Following the sale, the executive vice president now directly owns 47,262 shares in the company, valued at approximately $4,187,413.20. The trade was a 5.90 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 132,964 shares of company stock worth $11,929,210. 6.90% of the stock is owned by insiders.

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.