First Eagle Investment Management LLC Cuts Stock Holdings in Skyline Champion Co. (NYSE:SKY)

First Eagle Investment Management LLC reduced its position in shares of Skyline Champion Co. (NYSE:SKY) by 21.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,338 shares of the company’s stock after selling 26,500 shares during the period. First Eagle Investment Management LLC’s holdings in Skyline Champion were worth $8,311,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Truvestments Capital LLC purchased a new stake in Skyline Champion during the 3rd quarter worth approximately $32,000. Quarry LP purchased a new stake in Skyline Champion during the 3rd quarter worth approximately $67,000. Venturi Wealth Management LLC purchased a new stake in Skyline Champion during the 4th quarter worth approximately $112,000. MML Investors Services LLC purchased a new stake in Skyline Champion during the 3rd quarter worth approximately $216,000. Finally, KBC Group NV grew its position in shares of Skyline Champion by 53.9% in the fourth quarter. KBC Group NV now owns 2,288 shares of the company’s stock valued at $202,000 after purchasing an additional 801 shares in the last quarter.

Insider Activity at Skyline Champion

In other news, EVP Joseph A. Kimmell sold 4,335 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 39,411 shares in the company, valued at $4,107,020.31. This trade represents a 9.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Timothy A. Burkhardt sold 3,823 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total value 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 disclosure for this sale can be found here. 6.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SKY has been the subject of a number of analyst reports. Barclays upped their price target on 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 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 research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $90.20.

Skyline Champion Trading Up 2.7 %

SKY opened at $94.56 on Friday. Skyline Champion Co. has a one year low of $64.82 and a one year high of $116.49. The stock has a market capitalization of $5.42 billion, a PE ratio of 33.29 and a beta of 1.61. The business’s 50 day moving average price is $96.38 and its 200 day moving average price is $95.57. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59.

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

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.