Skyline Champion Co. (NYSE:SKY) Shares Sold by First Trust Advisors LP

First Trust Advisors LP lowered its stake in Skyline Champion Co. (NYSE:SKY - Free Report) by 52.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,011 shares of the company's stock after selling 16,786 shares during the period. First Trust Advisors LP's holdings in Skyline Champion were worth $1,322,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Skyline Champion by 17.3% during the 4th quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company's stock valued at $523,578,000 after purchasing an additional 876,712 shares during the period. American Century Companies Inc. raised its holdings in shares of Skyline Champion by 2.9% during the 4th quarter. American Century Companies Inc. now owns 1,411,769 shares of the company's stock worth $124,377,000 after acquiring an additional 39,262 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Skyline Champion by 4.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,027,194 shares of the company's stock worth $90,496,000 after buying an additional 41,916 shares during the last quarter. Norges Bank purchased a new position in shares of Skyline Champion in the 4th quarter worth approximately $69,346,000. Finally, Charles Schwab Investment Management Inc. raised its position in Skyline Champion by 6.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 682,259 shares of the company's stock worth $60,107,000 after purchasing an additional 42,278 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SKY shares. Royal Bank of Canada boosted their price target on shares of Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a report on Thursday, February 6th. Barclays cut their price target on Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $88.40.

Skyline Champion Stock Performance

NYSE:SKY traded up $0.08 during mid-day trading on Friday, reaching $89.72. The stock had a trading volume of 322,835 shares, compared to its average volume of 539,221. The business has a 50 day simple moving average of $89.11 and a 200 day simple moving average of $94.03. 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 firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 31.59 and a beta of 1.37. Skyline Champion Co. has a twelve month low of $64.82 and a twelve month high of $116.49.

Skyline Champion (NYSE:SKY - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, analysts expect that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Skyline Champion

In other news, VP Timothy A. Burkhardt sold 3,823 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total transaction of $408,564.01. Following the completion of the transaction, the vice president now 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $104.21, for a total transaction of $451,750.35. Following the transaction, the executive vice president now directly owns 39,411 shares of the company's stock, valued at $4,107,020.31. The trade was a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.90% of the stock is owned by company insiders.

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.