Skyline Champion Co. (NYSE:SKY) Director Keith A. Anderson Sells 105,766 Shares

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Skyline Champion Co. (NYSE:SKY) Director Keith A. Anderson sold 105,766 shares of the business’s stock in a transaction on Monday, April 5th. The stock was sold at an average price of $46.93, for a total transaction of $4,963,598.38. Following the completion of the transaction, the director now directly owns 494,872 shares in the company, valued at approximately $23,224,342.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

SKY opened at $46.16 on Thursday. The company has a quick ratio of 1.69, a current ratio of 2.34 and a debt-to-equity ratio of 0.15. Skyline Champion Co. has a 12-month low of $14.49 and a 12-month high of $47.92. The stock’s 50 day simple moving average is $44.79. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 49.63 and a beta of 2.62.

Skyline Champion (NYSE:SKY) last posted its earnings results on Sunday, January 31st. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.14. Skyline Champion had a net margin of 4.23% and a return on equity of 11.46%. The company had revenue of $377.58 million during the quarter, compared to the consensus estimate of $352.23 million. As a group, equities research analysts anticipate that Skyline Champion Co. will post 1.02 EPS for the current fiscal year.

SKY has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Skyline Champion from a “hold” rating to a “strong-buy” rating and set a $49.00 price target on the stock in a research note on Friday, February 12th. Craig Hallum boosted their target price on Skyline Champion from $40.00 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday, February 3rd. Barclays raised their price target on Skyline Champion from $32.00 to $36.00 and gave the company an “overweight” rating in a report on Friday, December 18th. Finally, Wedbush reiterated a “neutral” rating on shares of Skyline Champion in a research report on Monday, March 8th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $35.14.

Several hedge funds have recently modified their holdings of the company. Curi Capital acquired a new stake in Skyline Champion during the fourth quarter worth about $36,000. Fox Run Management L.L.C. acquired a new stake in shares of Skyline Champion during the 4th quarter worth approximately $261,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Skyline Champion during the 3rd quarter worth approximately $239,000. Engineers Gate Manager LP purchased a new position in shares of Skyline Champion during the 4th quarter valued at approximately $287,000. Finally, Handelsbanken Fonder AB acquired a new position in shares of Skyline Champion in the 4th quarter valued at $325,000. 95.71% of the stock is owned by institutional investors and hedge funds.

About Skyline Champion

Skyline Champion Corporation operates as a factory-built housing company in North America. The company offers manufactured and modular homes, as well as park-models and modular buildings for the multi-family, hospitality, and senior and workforce housing sectors. It builds homes under the brand names of Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Excel Homes, Homes of Merit, New Era, Redman Homes, Shore Park, Silvercrest, Titan Homes in the United States, and Moduline and SRI Homes in western Canada.

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