10,000 Shares in Skyline Champion Co. (NYSE:SKY) Acquired by FNY Investment Advisers LLC

FNY Investment Advisers LLC purchased a new position in shares of Skyline Champion Co. (NYSE:SKY) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $654,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gabelli Funds LLC increased its position in Skyline Champion by 1.9% during the fourth quarter. Gabelli Funds LLC now owns 169,000 shares of the company’s stock worth $8,705,000 after purchasing an additional 3,100 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Skyline Champion by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,156,678 shares of the company’s stock worth $59,580,000 after acquiring an additional 35,513 shares in the last quarter. Raymond James Trust N.A. acquired a new stake in shares of Skyline Champion in the first quarter worth $288,000. B. Metzler seel. Sohn & Co. AG increased its position in shares of Skyline Champion by 13.2% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 23,702 shares of the company’s stock worth $1,783,000 after acquiring an additional 2,755 shares in the last quarter. Finally, Meritage Portfolio Management acquired a new stake in shares of Skyline Champion in the first quarter worth $251,000.

Skyline Champion Stock Down 2.6 %

NYSE SKY traded down $1.88 during trading hours on Friday, reaching $69.63. 549,220 shares of the company traded hands, compared to its average volume of 245,515. Skyline Champion Co. has a 12 month low of $44.68 and a 12 month high of $76.82. The company has a current ratio of 4.39, a quick ratio of 3.59 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $3.98 billion, a PE ratio of 11.92 and a beta of 1.71. The company has a 50 day moving average of $68.07 and a two-hundred day moving average of $67.90.

Skyline Champion (NYSE:SKY) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.11. Skyline Champion had a net margin of 14.32% and a return on equity of 28.09%. The firm had revenue of $464.77 million for the quarter, compared to the consensus estimate of $463.48 million. During the same period in the prior year, the firm posted $2.04 EPS. The firm’s revenue was down 36.0% compared to the same quarter last year. As a group, equities analysts expect that Skyline Champion Co. will post 3.67 earnings per share for the current year.

Insider Transactions at Skyline Champion

In other news, Director Keith A. Anderson sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $73.26, for a total value of $366,300.00. Following the transaction, the director now directly owns 238,098 shares in the company, valued at approximately $17,443,059.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Keith A. Anderson sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $73.26, for a total value of $366,300.00. Following the transaction, the director now directly owns 238,098 shares in the company, valued at approximately $17,443,059.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Keith A. Anderson sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $72.64, for a total transaction of $726,400.00. Following the completion of the transaction, the director now owns 238,098 shares in the company, valued at $17,295,438.72. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SKY. StockNews.com initiated coverage on shares of Skyline Champion in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Jefferies Financial Group upped their target price on shares of Skyline Champion from $61.00 to $62.00 and gave the company a “hold” rating in a research note on Thursday, July 13th. Royal Bank of Canada upped their target price on shares of Skyline Champion from $62.00 to $68.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 6th. Wedbush restated an “outperform” rating and issued a $78.00 target price on shares of Skyline Champion in a research note on Tuesday, August 15th. Finally, Craig Hallum upped their target price on shares of Skyline Champion from $75.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, August 16th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $69.80.

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.