Insider Selling: Skyline Champion Co. (NYSE:SKY) Director Sells $87,990.00 in Stock

Skyline Champion Co. (NYSE:SKYGet Rating) Director Gary E. Robinette sold 1,750 shares of the firm’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $50.28, for a total value of $87,990.00. Following the completion of the transaction, the director now owns 1,698 shares of the company’s stock, valued at $85,375.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Skyline Champion Stock Performance

SKY opened at $50.54 on Friday. The business has a fifty day simple moving average of $53.62 and a 200 day simple moving average of $54.96. The company has a market capitalization of $2.88 billion, a PE ratio of 6.98 and a beta of 1.93. Skyline Champion Co. has a 1 year low of $43.04 and a 1 year high of $85.92. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.83 and a quick ratio of 2.17.

Analysts Set New Price Targets

A number of research firms have weighed in on SKY. Barclays raised their price target on Skyline Champion from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Thursday, August 4th. Craig Hallum decreased their price target on Skyline Champion from $75.00 to $65.00 in a research note on Thursday, November 3rd. Royal Bank of Canada downgraded Skyline Champion from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $72.00 to $54.00 in a research note on Thursday, November 3rd. Finally, StockNews.com assumed coverage on Skyline Champion in a research note on Wednesday, October 12th. They issued a “hold” rating for the company.

Institutional Trading of Skyline Champion

Several institutional investors have recently added to or reduced their stakes in SKY. American Century Companies Inc. boosted its stake in Skyline Champion by 46.7% in the 1st quarter. American Century Companies Inc. now owns 1,829,025 shares of the company’s stock valued at $100,377,000 after purchasing an additional 582,173 shares during the period. Burgundy Asset Management Ltd. bought a new stake in Skyline Champion in the 2nd quarter valued at $26,242,000. Millennium Management LLC boosted its stake in Skyline Champion by 160.9% in the 2nd quarter. Millennium Management LLC now owns 818,034 shares of the company’s stock valued at $38,791,000 after purchasing an additional 504,522 shares during the period. Neumeier Poma Investment Counsel LLC bought a new stake in Skyline Champion in the 1st quarter valued at $21,572,000. Finally, Wellington Management Group LLP raised its holdings in Skyline Champion by 6.1% in the 1st quarter. Wellington Management Group LLP now owns 5,864,485 shares of the company’s stock valued at $321,842,000 after acquiring an additional 335,974 shares in the last quarter. 99.17% of the stock is currently owned by institutional investors.

Skyline Champion Company Profile

(Get Rating)

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.

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