Keeley Teton Advisors LLC Sells 2,201 Shares of Skyline Champion Co. (NYSE:SKY)

Keeley Teton Advisors LLC cut its holdings in Skyline Champion Co. (NYSE:SKY) by 13.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,881 shares of the company’s stock after selling 2,201 shares during the period. Keeley Teton Advisors LLC’s holdings in Skyline Champion were worth $1,223,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SKY. HighTower Advisors LLC grew its stake in Skyline Champion by 20.1% in the 3rd quarter. HighTower Advisors LLC now owns 4,839 shares of the company’s stock valued at $458,000 after purchasing an additional 811 shares during the period. Stifel Financial Corp boosted its holdings in shares of Skyline Champion by 42.9% in the 3rd quarter. Stifel Financial Corp now owns 8,305 shares of the company’s stock worth $788,000 after buying an additional 2,494 shares during the last quarter. MML Investors Services LLC bought a new position in Skyline Champion during the third quarter valued at about $216,000. Barclays PLC increased its holdings in Skyline Champion by 136.9% during the third quarter. Barclays PLC now owns 111,140 shares of the company’s stock worth $10,543,000 after buying an additional 64,229 shares during the last quarter. Finally, SkyView Investment Advisors LLC raised its position in Skyline Champion by 2.2% in the third quarter. SkyView Investment Advisors LLC now owns 6,243 shares of the company’s stock worth $592,000 after acquiring an additional 132 shares during the period.

Skyline Champion Stock Performance

Shares of SKY stock opened at $81.70 on Wednesday. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49. The stock has a market capitalization of $4.68 billion, a P/E ratio of 28.77 and a beta of 1.41. The company has a current ratio of 2.59, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. The firm’s 50 day moving average is $95.72 and its 200 day moving average is $95.26.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SKY. Barclays reduced their target price on shares of Skyline Champion from $106.00 to $97.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada boosted their target price on Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Five 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, the stock currently has an average rating of “Hold” and an average target price of $88.40.

Insider Buying and Selling at Skyline Champion

In other news, VP Timothy A. Burkhardt sold 3,823 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total transaction of $408,564.01. Following the completion of the transaction, the vice president now directly owns 32,706 shares in the company, valued at $3,495,290.22. The trade was a 10.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion stock in a transaction on Monday, February 10th. The shares were sold at an average price of $104.21, for a total value of $451,750.35. Following the sale, the executive vice president now directly owns 39,411 shares of the company’s stock, valued at $4,107,020.31. This represents a 9.91 % decrease in their position. 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.