Skyline Champion Co. (NYSE:SKY) CEO Sells $2,319,503.58 in Stock

Skyline Champion Co. (NYSE:SKY – Get Rating) CEO Mark J. Yost sold 41,823 shares of the stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $55.46, for a total transaction of $2,319,503.58. Following the transaction, the chief executive officer now directly owns 113,370 shares in the company, valued at approximately $6,287,500.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Skyline Champion Price Performance

Shares of NYSE:SKY opened at $55.06 on Friday. The firm’s 50 day moving average is $52.94 and its two-hundred day moving average is $55.71. Skyline Champion Co. has a 52 week low of $43.04 and a 52 week high of $81.87. The firm has a market capitalization of $3.13 billion, a P/E ratio of 7.60 and a beta of 1.85. The company has a current ratio of 2.83, a quick ratio of 2.17 and a debt-to-equity ratio of 0.01.

Skyline Champion (NYSE:SKY – Get Rating) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $2.51 EPS for the quarter, beating the consensus estimate of $1.76 by $0.75. Skyline Champion had a net margin of 15.36% and a return on equity of 46.34%. The company had revenue of $806.83 million for the quarter, compared to analyst estimates of $664.50 million. Analysts anticipate that Skyline Champion Co. will post 6.52 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on SKY. Barclays cut shares of Skyline Champion from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $65.00 to $60.00 in a research report on Wednesday, December 14th. StockNews.com began coverage on shares of Skyline Champion in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Royal Bank of Canada lowered shares of Skyline Champion from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $72.00 to $54.00 in a research note on Thursday, November 3rd. Finally, Craig Hallum dropped their price objective on shares of Skyline Champion from $75.00 to $65.00 in a research note on Thursday, November 3rd.

Institutional Investors Weigh In On Skyline Champion

Several large investors have recently made changes to their positions in the company. Kingfisher Capital LLC increased its stake in shares of Skyline Champion by 5.8% in the fourth quarter. Kingfisher Capital LLC now owns 45,170 shares of the company’s stock valued at $2,327,000 after purchasing an additional 2,471 shares during the period. Congress Asset Management Co. MA increased its stake in shares of Skyline Champion by 18.9% in the fourth quarter. Congress Asset Management Co. MA now owns 342,117 shares of the company’s stock valued at $17,622,000 after purchasing an additional 54,339 shares during the period. North Star Investment Management Corp. acquired a new stake in shares of Skyline Champion in the fourth quarter valued at approximately $823,000. Peregrine Capital Management LLC boosted its holdings in shares of Skyline Champion by 3.6% in the fourth quarter. Peregrine Capital Management LLC now owns 198,304 shares of the company’s stock valued at $10,215,000 after acquiring an additional 6,851 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Skyline Champion by 6.8% in the third quarter. Bank of New York Mellon Corp now owns 243,018 shares of the company’s stock valued at $12,849,000 after acquiring an additional 15,465 shares in the last quarter. Institutional investors and hedge funds own 99.56% of the company’s stock.

About Skyline Champion

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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.