Fox Run Management L.L.C. Sells 3,705 Shares of Skyline Champion Co. (NYSE:SKY)

Fox Run Management L.L.C. trimmed its holdings in shares of Skyline Champion Co. (NYSE:SKY) by 49.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,845 shares of the company’s stock after selling 3,705 shares during the quarter. Fox Run Management L.L.C.’s holdings in Skyline Champion were worth $339,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new position in shares of Skyline Champion during the 4th quarter valued at about $996,000. Sei Investments Co. grew its holdings in Skyline Champion by 9.7% during the fourth quarter. Sei Investments Co. now owns 120,702 shares of the company’s stock valued at $10,634,000 after purchasing an additional 10,696 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Skyline Champion by 2.9% in the fourth quarter. American Century Companies Inc. now owns 1,411,769 shares of the company’s stock worth $124,377,000 after buying an additional 39,262 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Skyline Champion during the 4th quarter worth $993,000. Finally, Teacher Retirement System of Texas grew its stake in Skyline Champion by 610.3% in the 4th quarter. Teacher Retirement System of Texas now owns 31,474 shares of the company’s stock valued at $2,773,000 after buying an additional 27,043 shares during the last quarter.

Insider Activity at Skyline Champion

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

Skyline Champion Stock Performance

NYSE:SKY opened at $97.26 on Thursday. The firm’s 50-day moving average is $97.51 and its 200-day moving average is $95.85. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 34.24 and a beta of 1.61. 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 Co. has a 52-week low of $64.82 and a 52-week high of $116.49.

Skyline Champion (NYSE:SKY) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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.

Wall Street Analysts Forecast Growth

SKY has been the subject of a number of research analyst reports. Royal Bank of Canada boosted their target price on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Barclays boosted their price objective on Skyline Champion from $90.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Five 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 company presently has a consensus rating of “Hold” and an average price target of $90.20.

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.