Skyline Champion Co. (NYSE:SKY) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its position in Skyline Champion Co. (NYSE:SKY - Free Report) by 80.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,672 shares of the company's stock after selling 27,222 shares during the quarter. BNP Paribas Financial Markets' holdings in Skyline Champion were worth $588,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Summit Investment Advisors Inc. grew its holdings in Skyline Champion by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,613 shares of the company's stock worth $495,000 after acquiring an additional 178 shares during the period. HighTower Advisors LLC raised its stake in shares of Skyline Champion by 3.7% during the 4th quarter. HighTower Advisors LLC now owns 5,019 shares of the company's stock worth $442,000 after buying an additional 180 shares during the period. Atria Investments Inc lifted its position in shares of Skyline Champion by 5.7% during the 4th quarter. Atria Investments Inc now owns 3,726 shares of the company's stock valued at $328,000 after buying an additional 202 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Skyline Champion by 3.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,745 shares of the company's stock valued at $506,000 after buying an additional 213 shares in the last quarter. Finally, Xponance Inc. lifted its position in shares of Skyline Champion by 10.0% during the 4th quarter. Xponance Inc. now owns 3,855 shares of the company's stock valued at $340,000 after buying an additional 352 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SKY. Royal Bank of Canada decreased their target price on Skyline Champion from $96.00 to $82.00 and set a "sector perform" rating on the stock in a research report on Wednesday. Barclays decreased their target price on Skyline Champion from $97.00 to $72.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $80.60.

Skyline Champion Price Performance

Shares of NYSE:SKY traded down $4.66 during trading on Wednesday, reaching $65.79. The stock had a trading volume of 1,237,328 shares, compared to its average volume of 555,074. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59. The business has a fifty day moving average price of $87.27 and a 200-day moving average price of $93.76. The stock has a market cap of $3.77 billion, a PE ratio of 23.17 and a beta of 1.37. Skyline Champion Co. has a 1-year low of $64.82 and a 1-year high of $116.49.

Skyline Champion (NYSE:SKY - Get Free Report) last issued its quarterly earnings results on Tuesday, May 27th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.75 by ($0.10). The firm had revenue of $593.87 million during the quarter, compared to analyst estimates of $595.42 million. Skyline Champion had a return on equity of 13.80% and a net margin of 6.80%. The business's revenue was up .7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 earnings per share. On average, equities analysts forecast that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

Skyline Champion 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.