Skyline Champion Co. (NYSE:SKY) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lowered its holdings in Skyline Champion Co. (NYSE:SKY - Free Report) by 98.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 800 shares of the company's stock after selling 49,300 shares during the quarter. Canada Pension Plan Investment Board's holdings in Skyline Champion were worth $70,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SKY. Harvest Fund Management Co. Ltd purchased a new stake in Skyline Champion during the fourth quarter worth $36,000. Sterling Capital Management LLC lifted its position in shares of Skyline Champion by 645.5% during the 4th quarter. Sterling Capital Management LLC now owns 917 shares of the company's stock valued at $81,000 after buying an additional 794 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Skyline Champion in the 4th quarter valued at $108,000. Venturi Wealth Management LLC acquired a new position in Skyline Champion during the fourth quarter worth $112,000. Finally, New Age Alpha Advisors LLC purchased a new position in Skyline Champion during the fourth quarter valued at $176,000.

Insider Activity at Skyline Champion

In related news, VP Timothy A. Burkhardt sold 3,823 shares of the 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 transaction, the vice president now owns 32,706 shares of the company's stock, valued at $3,495,290.22. This represents a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion stock in a transaction dated Monday, February 10th. The stock was 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 $4,107,020.31. This trade represents 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 company insiders.

Analysts Set New Price Targets

SKY has been the subject of several recent research reports. Barclays reduced their price objective 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. Royal Bank of Canada raised their price target on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $88.40.

Skyline Champion Trading Up 1.7 %

Skyline Champion stock traded up $1.47 during midday trading on Friday, hitting $88.68. 40,710 shares of the stock were exchanged, compared to its average volume of 541,596. The company has a current ratio of 2.59, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. The stock's 50-day simple moving average is $90.67 and its 200 day simple moving average is $94.36. Skyline Champion Co. has a fifty-two week low of $64.82 and a fifty-two week high of $116.49. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 31.19 and a beta of 1.41.

Skyline Champion (NYSE:SKY - Get Free Report) last announced its quarterly 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%. On average, equities analysts anticipate that Skyline Champion Co. will post 3.63 EPS for the current 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.