Skyline Champion Co. (NYSE:SKY) Director Sells $3,554,800.00 in Stock

Skyline Champion Co. (NYSE:SKY) Director Mak Capital One Llc sold 40,000 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $88.87, for a total transaction of $3,554,800.00. Following the completion of the sale, the director now directly owns 2,716,500 shares of the company’s stock, valued at $241,415,355. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Mak Capital One Llc also recently made the following trade(s):

• On Wednesday, September 4th, Mak Capital One Llc sold 80,000 shares of Skyline Champion stock. The stock was sold at an average price of $90.16, for a total transaction of $7,212,800.00.

Skyline Champion Stock Performance

Shares of Skyline Champion stock opened at $88.53 on Friday. Skyline Champion Co. has a one year low of $52.12 and a one year high of $93.67. The company has a market capitalization of $5.12 billion, a PE ratio of 34.85 and a beta of 1.58. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.57 and a current ratio of 2.33. The company has a 50-day simple moving average of $80.94 and a two-hundred day simple moving average of $78.58.

Skyline Champion (NYSE:SKY) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.69 by $0.22. The firm had revenue of $627.80 million during the quarter, compared to analyst estimates of $600.39 million. Skyline Champion had a net margin of 6.45% and a return on equity of 13.07%. Skyline Champion’s revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.89 EPS. Research analysts expect that Skyline Champion Co. will post 3.01 EPS for the current fiscal year.

Institutional Trading of Skyline Champion

Several hedge funds and other institutional investors have recently made changes to their positions in SKY. Headlands Technologies LLC purchased a new position in shares of Skyline Champion in the 1st quarter valued at approximately $63,000. Kessler Investment Group LLC increased its stake in Skyline Champion by 41.0% during the 2nd quarter. Kessler Investment Group LLC now owns 2,225 shares of the company’s stock valued at $151,000 after purchasing an additional 647 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Skyline Champion by 77,800.0% in the second quarter. Blue Trust Inc. now owns 3,116 shares of the company’s stock worth $211,000 after buying an additional 3,112 shares during the last quarter. Cannon Global Investment Management LLC acquired a new stake in shares of Skyline Champion during the second quarter worth $217,000. Finally, Burney Co. purchased a new stake in shares of Skyline Champion during the second quarter valued at $231,000.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Craig Hallum dropped their price objective on Skyline Champion from $88.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Wedbush reissued a “neutral” rating and set a $64.00 price target on shares of Skyline Champion in a research report on Wednesday, August 7th. Royal Bank of Canada lifted their price objective on Skyline Champion from $68.00 to $82.00 and gave the company a “sector perform” rating in a report on Thursday, August 8th. Barclays increased their target price on shares of Skyline Champion from $68.00 to $85.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Finally, StockNews.com upgraded shares of Skyline Champion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $78.75.

Skyline Champion Company 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.