Mak Capital One Llc Sells 40,000 Shares of Skyline Champion Co. (NYSE:SKY) Stock

Skyline Champion Co. (NYSE:SKY) Director Mak Capital One Llc sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $88.87, for a total transaction of $3,554,800.00. Following the transaction, the director now owns 2,716,500 shares of the company’s stock, valued at approximately $241,415,355. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Mak Capital One Llc also recently made the following trade(s):

• On Wednesday, September 4th, Mak Capital One Llc sold 80,000 shares of Skyline Champion stock. The stock was sold at an average price of $90.16, for a total value of $7,212,800.00.

Skyline Champion Price Performance

Shares of Skyline Champion stock traded down $0.98 during mid-day trading on Friday, reaching $88.53. 376,834 shares of the stock traded hands, compared to its average volume of 352,015. 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 50-day moving average of $80.53 and a 200 day moving average of $78.52. The stock has a market capitalization of $5.12 billion, a PE ratio of 35.07 and a beta of 1.58. Skyline Champion Co. has a fifty-two week low of $52.12 and a fifty-two week high of $93.67.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC purchased a new position in Skyline Champion during the first quarter worth approximately $63,000. Kessler Investment Group LLC increased its stake in shares of Skyline Champion by 41.0% in the 2nd quarter. Kessler Investment Group LLC now owns 2,225 shares of the company’s stock worth $151,000 after acquiring an additional 647 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Skyline Champion by 77,800.0% during the 2nd quarter. Blue Trust Inc. now owns 3,116 shares of the company’s stock worth $211,000 after acquiring an additional 3,112 shares during the period. Cannon Global Investment Management LLC purchased a new stake in shares of Skyline Champion in the second quarter valued at about $217,000. Finally, Burney Co. purchased a new position in Skyline Champion during the second quarter worth about $231,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SKY shares. StockNews.com upgraded Skyline Champion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Barclays raised their target price on Skyline Champion from $68.00 to $85.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Craig Hallum lowered their price objective on Skyline Champion from $88.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Wedbush reaffirmed a “neutral” rating and issued a $64.00 price objective on shares of Skyline Champion in a report on Wednesday, August 7th. Finally, Royal Bank of Canada increased their target price on shares of Skyline Champion from $68.00 to $82.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $78.75.

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.