Skyline Champion Co. (NYSE:SKY) Shares Sold by Trexquant Investment LP

Trexquant Investment LP trimmed its holdings in shares of Skyline Champion Co. (NYSE:SKY) by 26.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 41,727 shares of the company’s stock after selling 14,867 shares during the quarter. Trexquant Investment LP’s holdings in Skyline Champion were worth $3,676,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Skyline Champion by 17.3% in the fourth quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company’s stock worth $523,578,000 after buying an additional 876,712 shares during the last quarter. Norges Bank acquired a new stake in Skyline Champion during the fourth quarter valued at $69,346,000. Principal Financial Group Inc. increased its holdings in Skyline Champion by 5,843.2% in the fourth quarter. Principal Financial Group Inc. now owns 256,924 shares of the company’s stock valued at $22,635,000 after buying an additional 252,601 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Skyline Champion by 80.7% in the fourth quarter. Bank of New York Mellon Corp now owns 351,060 shares of the company’s stock worth $30,928,000 after acquiring an additional 156,757 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Skyline Champion by 120.3% during the 4th quarter. JPMorgan Chase & Co. now owns 280,396 shares of the company’s stock worth $24,703,000 after acquiring an additional 153,089 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SKY shares. Royal Bank of Canada increased their price target on Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Barclays boosted their price target on shares of Skyline Champion from $90.00 to $106.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Skyline Champion has an average rating of “Hold” and a consensus target price of $90.20.

Skyline Champion Price Performance

Skyline Champion stock opened at $86.97 on Monday. The company has a fifty day simple moving average of $97.78 and a 200-day simple moving average of $95.94. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 30.62 and a beta of 1.41. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. Skyline Champion Co. has a 52-week low of $64.82 and a 52-week high of $116.49.

Skyline Champion (NYSE:SKY) last issued its earnings results on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.80 by $0.24. Skyline Champion had a net margin of 6.80% and a return on equity of 13.80%. On average, equities analysts anticipate that Skyline Champion Co. will post 3.63 EPS for the current fiscal year.

Insider Transactions at Skyline Champion

In other Skyline Champion news, EVP Joseph A. Kimmell sold 4,335 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $104.21, for a total transaction of $451,750.35. Following the completion of the sale, the executive vice president now directly owns 39,411 shares in the company, valued at $4,107,020.31. This represents a 9.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Timothy A. Burkhardt sold 3,823 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total value of $408,564.01. Following the completion of the transaction, the vice president now owns 32,706 shares in the company, valued at approximately $3,495,290.22. This trade represents a 10.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.90% of the company’s stock.

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.