Skyline Champion Co. (NYSE:SKY) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC cut its holdings in Skyline Champion Co. (NYSE:SKYFree Report) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 128,180 shares of the company’s stock after selling 2,615 shares during the quarter. Janney Montgomery Scott LLC owned about 0.22% of Skyline Champion worth $8,167,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Thrivent Financial for Lutherans increased its stake in Skyline Champion by 83.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,054,825 shares of the company’s stock worth $134,488,000 after purchasing an additional 935,274 shares in the last quarter. Capital World Investors increased its holdings in shares of Skyline Champion by 26.5% in the 2nd quarter. Capital World Investors now owns 3,445,908 shares of the company’s stock valued at $225,535,000 after purchasing an additional 721,040 shares during the period. Norges Bank acquired a new position in shares of Skyline Champion in the 4th quarter valued at about $29,368,000. Wellington Management Group LLP increased its holdings in shares of Skyline Champion by 6.1% in the 1st quarter. Wellington Management Group LLP now owns 5,864,485 shares of the company’s stock valued at $321,842,000 after purchasing an additional 335,974 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Skyline Champion by 4.9% in the 3rd quarter. Vanguard Group Inc. now owns 5,901,968 shares of the company’s stock valued at $312,037,000 after purchasing an additional 275,120 shares during the period.

Insiders Place Their Bets

In other Skyline Champion news, Director Keith A. Anderson sold 18,750 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $73.00, for a total transaction of $1,368,750.00. Following the completion of the sale, the director now owns 238,098 shares of the company’s stock, valued at $17,381,154. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.00% of the company’s stock.

Skyline Champion Stock Up 2.1 %

Shares of Skyline Champion stock opened at $81.17 on Friday. The stock has a market capitalization of $4.69 billion, a P/E ratio of 23.26 and a beta of 1.50. The company has a quick ratio of 3.27, a current ratio of 2.56 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average price of $70.94 and a two-hundred day moving average price of $66.16. Skyline Champion Co. has a 12-month low of $52.12 and a 12-month high of $81.23.

Analyst Ratings Changes

SKY has been the topic of a number of research reports. Wedbush reiterated a “neutral” rating and issued a $72.00 target price on shares of Skyline Champion in a report on Tuesday, February 6th. Royal Bank of Canada upped their target price on Skyline Champion from $69.00 to $73.00 and gave the company a “sector perform” rating in a report on Wednesday. Barclays increased their price objective on Skyline Champion from $61.00 to $69.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. Finally, StockNews.com upgraded Skyline Champion from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $71.40.

View Our Latest Analysis on Skyline Champion

Skyline Champion Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Skyline Champion (NYSE:SKY)

Receive News & Ratings for Skyline Champion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyline Champion and related companies with MarketBeat.com's FREE daily email newsletter.