Curi RMB Capital LLC Cuts Holdings in Skyline Champion Co. (NYSE:SKY)

Curi RMB Capital LLC trimmed its position in Skyline Champion Co. (NYSE:SKY) by 13.8% during the 4th quarter, HoldingsChannel reports. The firm owned 11,902 shares of the company’s stock after selling 1,911 shares during the quarter. Curi RMB Capital LLC’s holdings in Skyline Champion were worth $1,049,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SKY. SkyView Investment Advisors LLC increased its stake in Skyline Champion by 2.2% in the 3rd 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 last quarter. Ulland Investment Advisors LLC increased its position in Skyline Champion by 0.3% in the fourth quarter. Ulland Investment Advisors LLC now owns 52,610 shares of the company’s stock worth $4,635,000 after purchasing an additional 171 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in Skyline Champion by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,613 shares of the company’s stock valued at $495,000 after purchasing an additional 178 shares in the last quarter. HighTower Advisors LLC lifted its position in Skyline Champion by 3.7% during the fourth quarter. HighTower Advisors LLC now owns 5,019 shares of the company’s stock valued at $442,000 after purchasing an additional 180 shares during the last quarter. Finally, Atria Investments Inc grew its stake in shares of Skyline Champion by 5.7% in the 4th quarter. Atria Investments Inc now owns 3,726 shares of the company’s stock worth $328,000 after buying an additional 202 shares in the last quarter.

Skyline Champion Trading Up 1.8 %

Shares of SKY opened at $81.93 on Monday. The company’s fifty day simple moving average is $94.31 and its 200-day simple moving average is $94.98. The company has a market cap of $4.69 billion, a P/E ratio of 28.85 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. Skyline Champion Co. has a twelve month low of $64.82 and a twelve month high of $116.49.

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Royal Bank of Canada upped their target price on shares of Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a research report on Thursday, February 6th. Barclays reduced their price objective on Skyline Champion from $106.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $88.40.

Insider Buying and Selling

In related news, VP Timothy A. Burkhardt sold 3,823 shares of Skyline Champion stock in a transaction dated 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 sale, the vice president now owns 32,706 shares in the company, valued at $3,495,290.22. This trade represents a 10.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction, the executive vice president now 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 disclosure for this sale can be found here. 6.90% of the stock is owned by corporate insiders.

About Skyline Champion

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.