Nebula Research & Development LLC Sells 3,474 Shares of Skyline Champion Co. (NYSE:SKY)

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

Several other institutional investors and hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in Skyline Champion by 137.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 127,307 shares of the company's stock valued at $12,075,000 after buying an additional 73,697 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Skyline Champion by 80.7% during the fourth quarter. Bank of New York Mellon Corp now owns 351,060 shares of the company's stock valued at $30,928,000 after acquiring an additional 156,757 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Skyline Champion by 26.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 119,154 shares of the company's stock valued at $10,497,000 after acquiring an additional 24,781 shares in the last quarter. Van ECK Associates Corp boosted its stake in Skyline Champion by 21.8% in the 4th quarter. Van ECK Associates Corp now owns 40,108 shares of the company's stock worth $3,534,000 after purchasing an additional 7,184 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Skyline Champion in the 4th quarter worth about $712,000.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Royal Bank of Canada lifted their target price 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 lowered 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. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Skyline Champion currently has an average rating of "Hold" and a consensus target price of $88.40.

Skyline Champion Stock Performance

Skyline Champion stock traded up $1.94 during midday trading on Friday, reaching $89.15. 235,641 shares of the company traded hands, compared to its average volume of 536,375. 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 Co. has a 12 month low of $64.82 and a 12 month high of $116.49. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of 31.39 and a beta of 1.41. The business has a 50 day moving average of $90.39 and a two-hundred day moving average of $94.28.

Skyline Champion (NYSE:SKY - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share 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 predict that Skyline Champion Co. will post 3.63 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion stock in a transaction on 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 owns 39,411 shares in the company, valued at $4,107,020.31. This trade represents a 9.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Timothy A. Burkhardt sold 3,823 shares of the company's stock in a transaction 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 completion of the sale, the vice president now owns 32,706 shares of the company's stock, valued at $3,495,290.22. This trade represents a 10.47 % 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.

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.