Goldman Sachs Group Inc. Raises Position in Skyline Champion Co. (NYSE:SKY)

Goldman Sachs Group Inc. boosted its holdings in shares of Skyline Champion Co. (NYSE:SKY) by 9.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 225,410 shares of the company’s stock after buying an additional 19,438 shares during the period. Goldman Sachs Group Inc. owned approximately 0.39% of Skyline Champion worth $16,739,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB bought a new stake in shares of Skyline Champion during the 4th quarter valued at about $4,775,000. Mutual of America Capital Management LLC grew its stake in Skyline Champion by 106.2% in the 4th quarter. Mutual of America Capital Management LLC now owns 85,986 shares of the company’s stock worth $6,385,000 after buying an additional 44,276 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of Skyline Champion by 1,363.7% in the 4th quarter. Cerity Partners LLC now owns 81,293 shares of the company’s stock worth $6,037,000 after buying an additional 75,739 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Skyline Champion by 378.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 33,669 shares of the company’s stock valued at $2,500,000 after buying an additional 26,631 shares in the last quarter. Finally, UBS Group AG lifted its holdings in shares of Skyline Champion by 46.0% during the 4th quarter. UBS Group AG now owns 81,214 shares of the company’s stock worth $6,031,000 after acquiring an additional 25,592 shares during the last quarter.

Skyline Champion Trading Up 0.3 %

NYSE SKY opened at $67.43 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.54 and a current ratio of 2.36. Skyline Champion Co. has a fifty-two week low of $52.12 and a fifty-two week high of $86.71. The stock has a market cap of $3.90 billion, a P/E ratio of 26.55 and a beta of 1.60. The stock has a 50 day simple moving average of $73.76 and a two-hundred day simple moving average of $75.72.

Skyline Champion (NYSE:SKY) last released its quarterly earnings results on Tuesday, May 21st. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.05). Skyline Champion had a net margin of 7.24% and a return on equity of 13.32%. The company had revenue of $536.36 million during the quarter, compared to the consensus estimate of $560.90 million. During the same quarter last year, the firm earned $1.00 EPS. The business’s revenue was up 9.1% on a year-over-year basis. On average, analysts forecast that Skyline Champion Co. will post 2.76 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on SKY. Royal Bank of Canada decreased their price target on shares of Skyline Champion from $73.00 to $68.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 23rd. StockNews.com lowered shares of Skyline Champion from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd. Wedbush reiterated a “neutral” rating and issued a $72.00 price objective on shares of Skyline Champion in a report on Wednesday, May 22nd. Craig Hallum dropped their target price on Skyline Champion from $88.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Finally, Barclays reduced their price target on Skyline Champion from $76.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $70.80.

Insider Buying and Selling

In other Skyline Champion news, insider Timothy Mark Larson sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $71.98, for a total transaction of $251,930.00. Following the transaction, the insider now owns 48,800 shares in the company, valued at approximately $3,512,624. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Joseph A. Kimmell sold 10,042 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $70.12, for a total transaction of $704,145.04. Following the sale, the executive vice president now owns 47,262 shares of the company’s stock, valued at $3,314,011.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Timothy Mark Larson sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $71.98, for a total transaction of $251,930.00. Following the transaction, the insider now directly owns 48,800 shares of the company’s stock, valued at approximately $3,512,624. The disclosure for this sale can be found here. 6.90% of the stock is owned by insiders.

About Skyline Champion

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.