Mutual of America Capital Management LLC Grows Position in Skyline Champion Co. (NYSE:SKY)

Mutual of America Capital Management LLC lifted its position in shares of Skyline Champion Co. (NYSE:SKY) by 8.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,241 shares of the company’s stock after purchasing an additional 7,255 shares during the quarter. Mutual of America Capital Management LLC owned about 0.16% of Skyline Champion worth $7,926,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its stake in shares of Skyline Champion by 0.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,058,324 shares of the company’s stock worth $67,432,000 after acquiring an additional 7,855 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Skyline Champion by 6.9% during the third quarter. Sei Investments Co. now owns 287,845 shares of the company’s stock valued at $18,341,000 after purchasing an additional 18,504 shares during the last quarter. Townsquare Capital LLC boosted its position in shares of Skyline Champion by 83.3% in the 3rd quarter. Townsquare Capital LLC now owns 18,874 shares of the company’s stock worth $1,203,000 after purchasing an additional 8,575 shares in the last quarter. SkyView Investment Advisors LLC grew its stake in shares of Skyline Champion by 3.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 5,385 shares of the company’s stock worth $343,000 after buying an additional 171 shares during the last quarter. Finally, Nordea Investment Management AB bought a new position in Skyline Champion during the 4th quarter valued at approximately $4,775,000.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SKY. Royal Bank of Canada cut their target price on Skyline Champion from $73.00 to $68.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 23rd. Wedbush restated a “neutral” rating and set a $72.00 price objective on shares of Skyline Champion in a research note on Wednesday, May 22nd. Barclays dropped their target price on shares of Skyline Champion from $76.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 29th. StockNews.com downgraded shares of Skyline Champion from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd. Finally, Craig Hallum lowered their price objective on Skyline Champion from $88.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Skyline Champion has an average rating of “Hold” and an average target price of $70.80.

Skyline Champion Stock Performance

SKY stock traded up $1.32 on Monday, hitting $68.12. The company had a trading volume of 485,932 shares, compared to its average volume of 312,901. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 26.82 and a beta of 1.57. The company has a current ratio of 2.36, a quick ratio of 1.54 and a debt-to-equity ratio of 0.02. The stock’s 50-day simple moving average is $72.48 and its 200 day simple moving average is $75.58. Skyline Champion Co. has a 12-month low of $52.12 and a 12-month high of $86.71.

Skyline Champion (NYSE:SKY) last issued its quarterly earnings data on Tuesday, May 21st. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.05). Skyline Champion had a return on equity of 13.32% and a net margin of 7.24%. The firm had revenue of $536.36 million during the quarter, compared to the consensus estimate of $560.90 million. During the same period in the previous year, the firm earned $1.00 EPS. The business’s revenue was up 9.1% on a year-over-year basis. As a group, equities research analysts expect that Skyline Champion Co. will post 2.76 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Timothy Mark Larson sold 3,500 shares of Skyline Champion stock in a transaction on Friday, June 14th. The shares were sold at an average price of $71.98, for a total transaction of $251,930.00. Following the transaction, the insider now owns 48,800 shares in the company, valued at approximately $3,512,624. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Skyline Champion news, insider Timothy Mark Larson sold 3,500 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $71.98, for a total value of $251,930.00. Following the completion of the sale, the insider now owns 48,800 shares in the company, valued at $3,512,624. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Joseph A. Kimmell sold 10,042 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $70.12, for a total value of $704,145.04. Following the transaction, the executive vice president now owns 47,262 shares of the company’s stock, valued at $3,314,011.44. The disclosure for this sale can be found here. Insiders own 6.90% of the company’s stock.

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.