Skyline Champion Co. (NYSE:SKY) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC decreased its position in Skyline Champion Co. (NYSE:SKY) by 4.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 136,600 shares of the company’s stock after selling 6,000 shares during the quarter. Gabelli Funds LLC’s holdings in Skyline Champion were worth $12,034,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Skyline Champion by 137.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 127,307 shares of the company’s stock valued at $12,075,000 after acquiring an additional 73,697 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Skyline Champion by 80.7% in the 4th quarter. Bank of New York Mellon Corp now owns 351,060 shares of the company’s stock worth $30,928,000 after purchasing an additional 156,757 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Skyline Champion by 26.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 119,154 shares of the company’s stock valued at $10,497,000 after purchasing an additional 24,781 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Skyline Champion by 21.8% during the fourth quarter. Van ECK Associates Corp now owns 40,108 shares of the company’s stock worth $3,534,000 after buying an additional 7,184 shares in the last quarter. Finally, Rhumbline Advisers grew its position in Skyline Champion by 85.0% in the fourth quarter. Rhumbline Advisers now owns 151,781 shares of the company’s stock worth $13,372,000 after buying an additional 69,756 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada raised their price objective on Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 6th. Barclays decreased their price target on 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. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Skyline Champion presently has a consensus rating of “Hold” and a consensus 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 company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total value of $408,564.01. Following the transaction, the vice president now directly owns 32,706 shares of the company’s stock, valued at approximately $3,495,290.22. This represents a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph A. Kimmell sold 4,335 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $104.21, for a total value of $451,750.35. Following the sale, the executive vice president now owns 39,411 shares of the company’s stock, valued at approximately $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. Company insiders own 6.90% of the company’s stock.

Skyline Champion Stock Performance

Shares of SKY stock opened at $80.53 on Thursday. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 28.36 and a beta of 1.41. Skyline Champion Co. has a 1-year low of $64.82 and a 1-year high of $116.49. 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 stock’s fifty day simple moving average is $95.25 and its 200-day simple moving average is $95.16.

Skyline Champion (NYSE:SKY) last released its earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate 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 predict that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

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.