Skyline Champion Co. (NYSE:SKY) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS reduced its position in shares of Skyline Champion Co. (NYSE:SKY) by 0.5% in the 4th quarter, HoldingsChannel reports. The firm owned 174,374 shares of the company’s stock after selling 876 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Skyline Champion were worth $15,362,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new position in Skyline Champion during the 3rd quarter worth approximately $32,000. Quarry LP acquired a new position in Skyline Champion during the third quarter worth $67,000. nVerses Capital LLC purchased a new position in Skyline Champion in the third quarter worth $76,000. Venturi Wealth Management LLC acquired a new stake in Skyline Champion in the fourth quarter valued at $112,000. Finally, MML Investors Services LLC purchased a new stake in shares of Skyline Champion during the 3rd quarter worth $216,000.

Insider Activity at Skyline Champion

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

Skyline Champion Stock Performance

Shares of SKY opened at $107.40 on Tuesday. Skyline Champion Co. has a 12-month low of $64.82 and a 12-month high of $116.49. The stock has a market cap of $6.15 billion, a P/E ratio of 37.82 and a beta of 1.62. The company has a current ratio of 2.59, a quick ratio of 1.64 and a debt-to-equity ratio of 0.02. The company has a 50-day moving average of $94.93 and a two-hundred day moving average of $93.82.

Skyline Champion (NYSE:SKY) last posted its earnings results 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%. As a group, research analysts predict that Skyline Champion Co. will post 3.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SKY shares. Craig Hallum increased their price target on shares of Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Barclays lifted 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. Finally, Royal Bank of Canada upped their price target on Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.