Teton Advisors Inc. Sells 7,500 Shares of Skyline Champion Co. (NYSE:SKY)

Teton Advisors Inc. lowered its position in Skyline Champion Co. (NYSE:SKY - Free Report) by 63.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,300 shares of the company's stock after selling 7,500 shares during the quarter. Teton Advisors Inc.'s holdings in Skyline Champion were worth $379,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its stake in Skyline Champion by 20.1% during the 3rd quarter. HighTower Advisors LLC now owns 4,839 shares of the company's stock valued at $458,000 after purchasing an additional 811 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Skyline Champion by 42.9% in the 3rd quarter. Stifel Financial Corp now owns 8,305 shares of the company's stock worth $788,000 after acquiring an additional 2,494 shares during the period. MML Investors Services LLC bought a new stake in Skyline Champion in the 3rd quarter valued at about $216,000. Barclays PLC boosted its stake in Skyline Champion by 136.9% during the 3rd quarter. Barclays PLC now owns 111,140 shares of the company's stock valued at $10,543,000 after purchasing an additional 64,229 shares during the period. Finally, SkyView Investment Advisors LLC grew its position in Skyline Champion by 2.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 6,243 shares of the company's stock worth $592,000 after purchasing an additional 132 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Royal Bank of Canada boosted their price objective on Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Barclays decreased their price target 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. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $88.40.

Insider Activity

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

Skyline Champion Price Performance

SKY stock traded up $1.42 during trading hours on Friday, hitting $81.93. 346,217 shares of the stock traded hands, compared to its average volume of 531,688. Skyline Champion Co. has a one year low of $64.82 and a one 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 cap of $4.69 billion, a P/E ratio of 28.85 and a beta of 1.41. The stock has a 50-day simple moving average of $94.31 and a 200 day simple moving average of $94.98.

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

About Skyline Champion

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.