Virtu Financial LLC Purchases 667 Shares of Skyline Champion Co. (NYSE:SKY)

Virtu Financial LLC increased its position in shares of Skyline Champion Co. (NYSE:SKY) by 16.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,805 shares of the company’s stock after acquiring an additional 667 shares during the period. Virtu Financial LLC’s holdings in Skyline Champion were worth $357,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in Skyline Champion during the 4th quarter worth $34,476,000. Kornitzer Capital Management Inc. KS bought a new position in shares of Skyline Champion during the fourth quarter worth about $11,383,000. Burgundy Asset Management Ltd. lifted its stake in shares of Skyline Champion by 22.7% in the fourth quarter. Burgundy Asset Management Ltd. now owns 736,477 shares of the company’s stock worth $54,691,000 after acquiring an additional 136,071 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in Skyline Champion by 16.8% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 703,157 shares of the company’s stock valued at $52,217,000 after acquiring an additional 101,265 shares during the last quarter. Finally, Ranger Investment Management L.P. increased its position in Skyline Champion by 34.8% during the 4th quarter. Ranger Investment Management L.P. now owns 362,022 shares of the company’s stock valued at $26,884,000 after purchasing an additional 93,391 shares during the period.

Skyline Champion Trading Down 0.4 %

NYSE:SKY opened at $72.74 on Thursday. The firm’s 50 day moving average is $74.75 and its 200 day moving average is $75.62. Skyline Champion Co. has a 12 month low of $52.12 and a 12 month high of $86.71. The stock has a market capitalization of $4.21 billion, a PE ratio of 28.64 and a beta of 1.60. The company has a current ratio of 2.36, a quick ratio of 1.54 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings data on Tuesday, May 21st. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). The firm had revenue of $536.36 million during the quarter, compared to the consensus estimate of $560.90 million. Skyline Champion had a net margin of 7.24% and a return on equity of 13.32%. The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.00 earnings per share. Sell-side analysts expect that Skyline Champion Co. will post 2.76 earnings per share for the current year.

Insider Activity

In other news, insider Timothy Mark Larson sold 3,500 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $71.98, for a total value of $251,930.00. Following the transaction, the insider now owns 48,800 shares of the company’s stock, valued at $3,512,624. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Joseph A. Kimmell sold 10,042 shares of Skyline Champion stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $70.12, for a total transaction of $704,145.04. Following the completion of the sale, the executive vice president now directly owns 47,262 shares of the company’s stock, valued at approximately $3,314,011.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Timothy Mark Larson sold 3,500 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $71.98, for a total value of $251,930.00. Following the completion of the transaction, the insider now directly owns 48,800 shares in the company, valued at approximately $3,512,624. The disclosure for this sale can be found here. 7.00% of the stock is owned by company insiders.

Analyst Ratings Changes

SKY has been the topic of a number of analyst reports. Craig Hallum reduced their price objective on shares of Skyline Champion from $88.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Barclays cut their price target on shares of Skyline Champion from $76.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 29th. StockNews.com lowered Skyline Champion from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd. Wedbush restated a “neutral” rating and set a $72.00 target price on shares of Skyline Champion in a research report on Wednesday, May 22nd. Finally, Royal Bank of Canada lowered their target price on Skyline Champion from $73.00 to $68.00 and set a “sector perform” rating for the company in a report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Skyline Champion presently has a consensus rating of “Hold” and a consensus target price of $70.80.

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.