Skyline Champion Co. (NYSE:SKY) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its holdings in Skyline Champion Co. (NYSE:SKY) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,584 shares of the company’s stock after selling 1,657 shares during the quarter. Mutual of America Capital Management LLC owned 0.16% of Skyline Champion worth $6,205,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SKY. Headlands Technologies LLC acquired a new position in Skyline Champion during the first quarter worth about $63,000. Kessler Investment Group LLC raised its holdings in shares of Skyline Champion by 41.0% in the 2nd quarter. Kessler Investment Group LLC now owns 2,225 shares of the company’s stock worth $151,000 after purchasing an additional 647 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Skyline Champion by 77,800.0% in the 2nd quarter. Blue Trust Inc. now owns 3,116 shares of the company’s stock worth $211,000 after purchasing an additional 3,112 shares in the last quarter. Cannon Global Investment Management LLC acquired a new stake in Skyline Champion during the second quarter valued at approximately $217,000. Finally, Burney Co. bought a new stake in Skyline Champion during the second quarter worth approximately $231,000.

Skyline Champion Price Performance

Shares of Skyline Champion stock opened at $92.81 on Friday. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 36.54 and a beta of 1.58. Skyline Champion Co. has a 1-year low of $52.12 and a 1-year high of $97.22. The company has a current ratio of 2.33, a quick ratio of 1.57 and a debt-to-equity ratio of 0.02. The firm has a fifty day simple moving average of $85.61 and a 200-day simple moving average of $79.21.

Skyline Champion (NYSE:SKY) last released its earnings results on Tuesday, August 6th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.69 by $0.22. Skyline Champion had a net margin of 6.45% and a return on equity of 13.07%. The firm had revenue of $627.80 million during the quarter, compared to analysts’ expectations of $600.39 million. During the same period in the prior year, the company earned $0.89 EPS. The business’s quarterly revenue was up 35.1% compared to the same quarter last year. On average, sell-side analysts expect that Skyline Champion Co. will post 3.01 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have commented on SKY. Royal Bank of Canada upped their price target on Skyline Champion from $68.00 to $82.00 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. Barclays boosted their price objective on shares of Skyline Champion from $68.00 to $85.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. StockNews.com upgraded shares of Skyline Champion from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, Wedbush restated a “neutral” rating and set a $64.00 price target on shares of Skyline Champion in a report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $78.75.

Insider Activity

In other news, Director Mak Capital One Llc sold 80,000 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $90.16, for a total value of $7,212,800.00. Following the completion of the transaction, the director now directly owns 2,920,000 shares of the company’s stock, valued at approximately $263,267,200. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Mak Capital One Llc sold 80,000 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $90.16, for a total value of $7,212,800.00. Following the sale, the director now owns 2,920,000 shares of the company’s stock, valued at approximately $263,267,200. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Timothy Mark Larson sold 5,500 shares of Skyline Champion stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $83.00, for a total transaction of $456,500.00. Following the transaction, the insider now directly owns 43,300 shares of the company’s stock, valued at $3,593,900. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 163,636 shares of company stock worth $14,582,253. Company insiders own 6.90% of the company’s stock.

Skyline Champion 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.