Skyline Champion Co. (NYSE:SKY) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lessened its stake in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 1.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 363,539 shares of the company's stock after selling 5,589 shares during the period. Price T Rowe Associates Inc. MD owned about 0.63% of Skyline Champion worth $32,029,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Harvest Fund Management Co. Ltd acquired a new stake in shares of Skyline Champion during the 4th quarter valued at $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 acquiring an additional 794 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Skyline Champion during the 4th quarter valued at $108,000. Venturi Wealth Management LLC acquired a new stake in shares of Skyline Champion during the 4th quarter valued at $112,000. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Skyline Champion during the 4th quarter valued at $176,000.

Skyline Champion Trading Up 0.1 %

NYSE SKY opened at $86.55 on Thursday. Skyline Champion Co. has a 1-year low of $64.82 and a 1-year high of $116.49. 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 company has a market capitalization of $4.96 billion, a PE ratio of 30.48 and a beta of 1.41. The firm's fifty day simple moving average is $90.93 and its 200-day simple moving average is $94.42.

Skyline Champion (NYSE:SKY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, topping 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%. As a group, sell-side analysts anticipate that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Skyline Champion news, VP Timothy A. Burkhardt sold 3,823 shares of the 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 directly 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 the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of the 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 transaction, the executive vice president now directly owns 39,411 shares in the company, 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. Company insiders own 6.90% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Barclays cut their target price on shares of Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada boosted their target price on shares of Skyline Champion from $88.00 to $96.00 and gave the company 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 issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $88.40.

Skyline Champion Company 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.

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