Voya Investment Management LLC Sells 42,327 Shares of Skyline Champion Co. (NYSE:SKY)

Voya Investment Management LLC decreased its holdings in Skyline Champion Co. (NYSE:SKY - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 546,030 shares of the company's stock after selling 42,327 shares during the quarter. Voya Investment Management LLC owned approximately 0.95% of Skyline Champion worth $48,105,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Skyline Champion by 17.3% in the fourth quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company's stock valued at $523,578,000 after buying an additional 876,712 shares during the period. Capital World Investors raised its holdings in shares of Skyline Champion by 31.5% during the fourth 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 period. American Century Companies Inc. raised its holdings in shares of Skyline Champion by 2.9% during the fourth quarter. American Century Companies Inc. now owns 1,411,769 shares of the company's stock valued at $124,377,000 after purchasing an additional 39,262 shares during the period. Capital Research Global Investors bought a new stake in shares of Skyline Champion during the fourth quarter worth about $98,978,000. Finally, Alliancebernstein L.P. increased its position 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 acquiring an additional 41,916 shares in the last quarter.

Analyst Ratings Changes

SKY has been the subject of several recent research reports. Barclays decreased their target price on shares of Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating for the company in a research report 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 stock a "sector perform" rating in a research 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $88.40.

Skyline Champion Stock Performance

Skyline Champion stock traded up $0.94 during mid-day trading on Thursday, reaching $87.44. 134,812 shares of the company's stock were exchanged, compared to its average volume of 532,839. The business's fifty day simple moving average is $90.93 and its 200 day simple moving average is $94.42. The firm has a market capitalization of $5.01 billion, a PE ratio of 30.88 and a beta of 1.41. Skyline Champion Co. has a one year low of $64.82 and a one year high of $116.49. 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 (NYSE:SKY - Get Free Report) last issued its quarterly 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 return on equity of 13.80% and a net margin of 6.80%. On average, sell-side analysts expect that Skyline Champion Co. will post 3.63 earnings per share for the current year.

Insider Buying and Selling

In other Skyline Champion 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 value of $408,564.01. Following the sale, the vice president now directly owns 32,706 shares in the company, 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 filing with the SEC, which is available through the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of the business's 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 sale, the executive vice president now owns 39,411 shares in the company, valued at approximately $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.