Fmr LLC Cuts Holdings in Skyline Champion Co. (NYSE:SKY)

FMR LLC cut its holdings in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,481,123 shares of the company's stock after selling 10,784 shares during the period. FMR LLC owned 2.59% of Skyline Champion worth $130,487,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Harvest Fund Management Co. Ltd bought a new stake in Skyline Champion during the 4th quarter valued at $36,000. Headlands Technologies LLC bought a new stake in Skyline Champion during the fourth quarter valued at about $108,000. Venturi Wealth Management LLC purchased a new position in Skyline Champion in the fourth quarter valued at about $112,000. New Age Alpha Advisors LLC bought a new position in Skyline Champion in the fourth quarter worth about $176,000. Finally, KBC Group NV lifted its position in shares of Skyline Champion by 53.9% during the fourth quarter. KBC Group NV now owns 2,288 shares of the company's stock valued at $202,000 after buying an additional 801 shares during the last quarter.

Skyline Champion Stock Performance

NYSE:SKY traded up $1.42 during trading hours on Friday, hitting $81.93. 346,217 shares of the company were exchanged, compared to its average volume of 529,492. The company's 50 day moving average price is $94.78 and its 200-day moving average price is $95.07. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 28.85 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 company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74.

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 the consensus estimate of $0.80 by $0.24. Skyline Champion had a return on equity of 13.80% and a net margin of 6.80%. As a group, research analysts forecast that Skyline Champion Co. will post 3.63 earnings per share for the current year.

Insider Buying and Selling

In other Skyline Champion news, EVP Joseph A. Kimmell sold 4,335 shares of the company's stock in a transaction 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 sale, the executive vice president now directly owns 39,411 shares of the company's stock, valued at approximately $4,107,020.31. This represents a 9.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Timothy A. Burkhardt sold 3,823 shares of Skyline Champion stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total value of $408,564.01. Following the transaction, the vice president now owns 32,706 shares of the company's stock, valued at $3,495,290.22. The trade was a 10.47 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SKY shares. Barclays reduced their price objective on shares of 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. Royal Bank of Canada lifted 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. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $88.40.

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.