Skyline Champion Co. (NYSE:SKY) Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its position in Skyline Champion Co. (NYSE:SKY) by 7.1% in the second quarter, HoldingsChannel.com reports. The firm owned 1,717,158 shares of the company’s stock after selling 131,420 shares during the quarter. American Century Companies Inc.’s holdings in Skyline Champion were worth $116,337,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC lifted its holdings in shares of Skyline Champion by 413.0% in the second quarter. Headlands Technologies LLC now owns 3,776 shares of the company’s stock valued at $256,000 after buying an additional 3,040 shares during the period. Quest Partners LLC bought a new position in shares of Skyline Champion during the 2nd quarter valued at about $372,000. Arizona State Retirement System grew its stake in shares of Skyline Champion by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 15,359 shares of the company’s stock worth $1,041,000 after purchasing an additional 324 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Skyline Champion by 46.0% in the 2nd quarter. Victory Capital Management Inc. now owns 669,895 shares of the company’s stock worth $45,385,000 after purchasing an additional 211,099 shares in the last quarter. Finally, Cannon Global Investment Management LLC acquired a new stake in Skyline Champion during the second quarter valued at approximately $217,000.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SKY. Wedbush restated a “neutral” rating and issued a $64.00 price target on shares of Skyline Champion in a research report on Wednesday, August 7th. StockNews.com upgraded Skyline Champion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Royal Bank of Canada upped their target price on Skyline Champion from $68.00 to $82.00 and gave the company a “sector perform” rating in a report on Thursday, August 8th. Barclays lifted their price target on Skyline Champion from $68.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Finally, Craig Hallum reduced their price objective on shares of Skyline Champion from $88.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $78.75.

Skyline Champion Stock Performance

Shares of Skyline Champion stock opened at $95.57 on Friday. The stock has a market cap of $5.50 billion, a PE ratio of 37.63 and a beta of 1.58. Skyline Champion Co. has a 12 month low of $52.12 and a 12 month high of $97.22. The company has a quick ratio of 1.57, a current ratio of 2.33 and a debt-to-equity ratio of 0.02. The business has a fifty day simple moving average of $83.27 and a 200-day simple moving average of $78.85.

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

Insider Activity at Skyline Champion

In other Skyline Champion news, CFO Laurie M. Hough sold 5,354 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $88.64, for a total value of $474,578.56. Following the completion of the sale, the chief financial officer now owns 105,153 shares in the company, valued at approximately $9,320,761.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Skyline Champion news, Director Mak Capital One Llc sold 80,000 shares of the company’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 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 accessible through the SEC website. Also, CFO Laurie M. Hough sold 5,354 shares of Skyline Champion stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $88.64, for a total value of $474,578.56. Following the sale, the chief financial officer now owns 105,153 shares of the company’s stock, valued at $9,320,761.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 163,636 shares of company stock valued at $14,582,253. Corporate insiders own 6.90% of the company’s stock.

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.