Skyline Champion Co. (NYSE:SKY) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board reduced its position in Skyline Champion Co. (NYSE:SKY) by 98.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 800 shares of the company’s stock after selling 49,300 shares during the period. Canada Pension Plan Investment Board’s holdings in Skyline Champion were worth $70,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Harvest Fund Management Co. Ltd purchased a new position in Skyline Champion in the fourth quarter valued at approximately $36,000. Sterling Capital Management LLC raised its stake in shares of Skyline Champion by 645.5% in the 4th quarter. Sterling Capital Management LLC now owns 917 shares of the company’s stock valued at $81,000 after acquiring an additional 794 shares during the period. Headlands Technologies LLC acquired a new position in shares of Skyline Champion during the 4th quarter valued at $108,000. Venturi Wealth Management LLC acquired a new position in shares of Skyline Champion during the 4th quarter valued at $112,000. Finally, New Age Alpha Advisors LLC purchased a new stake in Skyline Champion during the 4th quarter worth $176,000.

Skyline Champion Stock Performance

NYSE:SKY opened at $84.73 on Friday. The firm has a 50-day moving average of $91.93 and a two-hundred day moving average of $94.58. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74. The stock has a market cap of $4.85 billion, a P/E ratio of 29.83 and a beta of 1.41. Skyline Champion Co. has a 1-year low of $64.82 and a 1-year high of $116.49.

Skyline Champion (NYSE:SKY) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, beating 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, research analysts expect that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion stock in a transaction dated Monday, February 10th. The stock was 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 directly owns 39,411 shares in the company, valued at approximately $4,107,020.31. This trade represents a 9.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Timothy A. Burkhardt sold 3,823 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total value of $408,564.01. Following the completion of the sale, the vice president now directly owns 32,706 shares of the company’s stock, valued at approximately $3,495,290.22. This represents a 10.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Barclays reduced their price objective on Skyline Champion from $106.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada boosted their price target 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. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $88.40.

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.