Oppenheimer & Co. Inc. Decreases Stock Holdings in Skyline Champion Co. (NYSE:SKY)

Oppenheimer & Co. Inc. decreased its holdings in Skyline Champion Co. (NYSE:SKY) by 64.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,053 shares of the company’s stock after selling 5,465 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Skyline Champion were worth $269,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. raised its position in Skyline Champion by 137.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 127,307 shares of the company’s stock worth $12,075,000 after buying an additional 73,697 shares during the last quarter. Summit Partners Public Asset Management LLC raised its position in Skyline Champion by 23.3% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 404,673 shares of the company’s stock worth $38,383,000 after buying an additional 76,573 shares during the last quarter. Algert Global LLC raised its position in Skyline Champion by 164.1% in the 3rd quarter. Algert Global LLC now owns 14,590 shares of the company’s stock worth $1,384,000 after buying an additional 9,066 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in Skyline Champion by 26.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 119,154 shares of the company’s stock worth $10,497,000 after buying an additional 24,781 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in Skyline Champion by 21.8% in the 4th quarter. Van ECK Associates Corp now owns 40,108 shares of the company’s stock worth $3,534,000 after buying an additional 7,184 shares during the last quarter.

Insider Activity at Skyline Champion

In related news, VP Timothy A. Burkhardt sold 3,823 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total transaction of $408,564.01. Following the completion of the transaction, the vice president now directly owns 32,706 shares in the company, valued at approximately $3,495,290.22. The trade was a 10.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph A. Kimmell sold 4,335 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $104.21, for a total value of $451,750.35. Following the transaction, the executive vice president now owns 39,411 shares of the company’s stock, valued at approximately $4,107,020.31. This trade represents a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by corporate insiders.

Skyline Champion Price Performance

NYSE SKY opened at $96.72 on Friday. The company has a 50-day moving average price of $95.79 and a 200-day moving average price of $95.48. The firm has a market capitalization of $5.54 billion, a P/E ratio of 34.06 and a beta of 1.61. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. Skyline Champion Co. has a 52 week low of $64.82 and a 52 week high of $116.49.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) 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%. Equities research analysts anticipate that Skyline Champion Co. will post 3.63 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on SKY. Barclays upped their price target on shares of Skyline Champion from $90.00 to $106.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Royal Bank of Canada upped their price target on shares of Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a research report on Thursday, February 6th. Five 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.com, Skyline Champion has a consensus rating of “Hold” and an average price target of $90.20.

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.