Mirador Capital Partners LP Sells 18,980 Shares of Skyline Champion Co. (NYSE:SKY)

Mirador Capital Partners LP trimmed its holdings in shares of Skyline Champion Co. (NYSE:SKY) by 27.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,220 shares of the company’s stock after selling 18,980 shares during the quarter. Mirador Capital Partners LP owned 0.09% of Skyline Champion worth $4,858,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Wellington Management Group LLP increased its position in shares of Skyline Champion by 0.8% during the 4th quarter. Wellington Management Group LLP now owns 8,047,679 shares of the company’s stock valued at $597,621,000 after purchasing an additional 62,748 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in Skyline Champion by 2.1% during the second quarter. Thrivent Financial for Lutherans now owns 2,642,123 shares of the company’s stock valued at $179,004,000 after purchasing an additional 53,965 shares during the period. William Blair Investment Management LLC raised its stake in shares of Skyline Champion by 0.3% in the second quarter. William Blair Investment Management LLC now owns 1,197,889 shares of the company’s stock valued at $81,157,000 after buying an additional 3,313 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in shares of Skyline Champion by 4.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 844,367 shares of the company’s stock valued at $57,206,000 after buying an additional 35,880 shares during the last quarter. Finally, Burgundy Asset Management Ltd. increased its holdings in Skyline Champion by 3.3% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 768,346 shares of the company’s stock worth $52,055,000 after acquiring an additional 24,353 shares during the last quarter.

Skyline Champion Price Performance

SKY stock traded down $1.18 during mid-day trading on Friday, hitting $93.88. 223,331 shares of the stock were exchanged, compared to its average volume of 355,501. The business has a fifty day moving average price of $88.70 and a 200 day moving average price of $79.91. Skyline Champion Co. has a 12 month low of $52.12 and a 12 month high of $97.22. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.33 and a quick ratio of 1.57. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 36.96 and a beta of 1.57.

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

Insider Buying and Selling

In other news, Director Michael B. Berman sold 3,496 shares of Skyline Champion stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $82.34, for a total value of $287,860.64. Following the transaction, the director now owns 8,099 shares in the company, valued at approximately $666,871.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Mak Capital One Llc sold 80,000 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 2,920,000 shares of the company’s stock, valued at $263,267,200. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael B. Berman sold 3,496 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $82.34, for a total value of $287,860.64. Following the transaction, the director now directly owns 8,099 shares of the company’s stock, valued at $666,871.66. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 163,636 shares of company stock worth $14,582,253 in the last 90 days. 6.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on SKY. Royal Bank of Canada raised their price objective on shares of Skyline Champion from $68.00 to $82.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. Barclays increased their target price on shares of Skyline Champion from $68.00 to $85.00 and gave the stock an “equal weight” rating in a research note 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 target price on shares of Skyline Champion in a research report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $78.75.

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.