Dark Forest Capital Management LP Cuts Stock Holdings in Skyline Champion Co. (NYSE:SKY)

Dark Forest Capital Management LP lowered its holdings in Skyline Champion Co. (NYSE:SKY - Free Report) by 72.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,353 shares of the company's stock after selling 19,463 shares during the quarter. Dark Forest Capital Management LP's holdings in Skyline Champion were worth $648,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Harvest Fund Management Co. Ltd bought a new stake in shares of Skyline Champion in the 4th quarter valued at about $36,000. Sterling Capital Management LLC lifted its position in Skyline Champion by 645.5% during the fourth quarter. Sterling Capital Management LLC now owns 917 shares of the company's stock valued at $81,000 after acquiring an additional 794 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Skyline Champion during the fourth quarter valued at approximately $108,000. Venturi Wealth Management LLC purchased a new stake in Skyline Champion during the fourth quarter valued at approximately $112,000. Finally, New Age Alpha Advisors LLC purchased a new stake in Skyline Champion during the fourth quarter valued at approximately $176,000.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SKY shares. Royal Bank of Canada raised their price target on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Barclays dropped their price target on shares of Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Skyline Champion has a consensus rating of "Hold" and a consensus price target of $88.40.

Skyline Champion Price Performance

SKY traded up $0.88 during midday trading on Thursday, hitting $87.38. 113,049 shares of the company traded hands, compared to its average volume of 532,757. 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 company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 30.76 and a beta of 1.41. Skyline Champion Co. has a 52-week low of $64.82 and a 52-week high of $116.49. The business has a 50 day simple moving average of $90.93 and a two-hundred day simple moving average of $94.42.

Skyline Champion (NYSE:SKY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.24. Skyline Champion had a net margin of 6.80% and a return on equity of 13.80%. On average, equities analysts forecast that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

Insider Transactions at Skyline Champion

In related news, VP Timothy A. Burkhardt sold 3,823 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The stock was 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 in the company, 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 is accessible through this link. Also, EVP Joseph A. Kimmell sold 4,335 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $104.21, for a total value of $451,750.35. Following the completion of the transaction, the executive vice president now owns 39,411 shares in the company, valued at $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. 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.