Nebula Research & Development LLC Has $530,000 Stake in Skyline Champion Co. (NYSE:SKY)

Nebula Research & Development LLC reduced its position in Skyline Champion Co. (NYSE:SKY - Free Report) by 36.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,018 shares of the company's stock after selling 3,474 shares during the quarter. Nebula Research & Development LLC's holdings in Skyline Champion were worth $530,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Skyline Champion by 17.3% in the fourth quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company's stock worth $523,578,000 after acquiring an additional 876,712 shares during the last quarter. Capital World Investors lifted its stake in Skyline Champion by 31.5% in the 4th quarter. Capital World Investors now owns 2,638,862 shares of the company's stock valued at $232,484,000 after purchasing an additional 632,718 shares during the last quarter. American Century Companies Inc. boosted its position in Skyline Champion by 2.9% in the fourth quarter. American Century Companies Inc. now owns 1,411,769 shares of the company's stock valued at $124,377,000 after buying an additional 39,262 shares in the last quarter. Capital Research Global Investors bought a new stake in shares of Skyline Champion during the fourth quarter worth $98,978,000. Finally, Alliancebernstein L.P. increased its holdings in shares of Skyline Champion by 4.3% during the fourth 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 in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SKY shares. Barclays reduced their price objective on 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. Royal Bank of Canada boosted their price target on Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $88.40.

Skyline Champion Trading Down 0.2 %

SKY traded down $0.15 during midday trading on Monday, hitting $89.17. 41,863 shares of the company were exchanged, compared to its average volume of 534,433. The firm has a market capitalization of $5.11 billion, a P/E ratio of 31.48 and a beta of 1.37. The firm's 50 day moving average price is $90.39 and its 200-day moving average price is $94.25. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. 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 announced its earnings results on Tuesday, February 4th. The company reported $1.04 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, equities analysts forecast that Skyline Champion Co. will post 3.63 EPS for the current fiscal year.

Insider Transactions at Skyline Champion

In related news, VP Timothy A. Burkhardt sold 3,823 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total transaction of $408,564.01. Following the transaction, the vice president now owns 32,706 shares in the company, valued at $3,495,290.22. The trade was a 10.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $104.21, for a total transaction of $451,750.35. Following the completion of the sale, the executive vice president now 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 currently owned by corporate insiders.

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.