Mutual of America Capital Management LLC Sells 1,657 Shares of Skyline Champion Co. (NYSE:SKY)

Mutual of America Capital Management LLC decreased its holdings in shares of Skyline Champion Co. (NYSE:SKY) by 1.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,584 shares of the company’s stock after selling 1,657 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Skyline Champion were worth $6,205,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in shares of Skyline Champion by 0.8% during the fourth quarter. Wellington Management Group LLP now owns 8,047,679 shares of the company’s stock worth $597,621,000 after purchasing an additional 62,748 shares during the period. William Blair Investment Management LLC grew its holdings in Skyline Champion by 0.3% in the 2nd quarter. William Blair Investment Management LLC now owns 1,197,889 shares of the company’s stock valued at $81,157,000 after buying an additional 3,313 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Skyline Champion by 4.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 844,367 shares of the company’s stock worth $57,206,000 after buying an additional 35,880 shares during the period. Burgundy Asset Management Ltd. increased its position in Skyline Champion by 1.0% during the 1st quarter. Burgundy Asset Management Ltd. now owns 743,993 shares of the company’s stock worth $63,247,000 after buying an additional 7,516 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Skyline Champion by 46.0% during the second quarter. Victory Capital Management Inc. now owns 669,895 shares of the company’s stock worth $45,385,000 after buying an additional 211,099 shares in the last quarter.

Analyst Ratings Changes

Several research firms recently commented on SKY. Wedbush restated a “neutral” rating and issued a $64.00 price target on shares of Skyline Champion in a research note on Wednesday, August 7th. StockNews.com upgraded shares of Skyline Champion from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Royal Bank of Canada lifted their price target on shares of Skyline Champion from $68.00 to $82.00 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. Finally, Barclays increased their price target on Skyline Champion from $68.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $78.75.

Skyline Champion Trading Down 3.0 %

Shares of Skyline Champion stock opened at $92.81 on Friday. The firm’s 50-day moving average price is $85.61 and its two-hundred day moving average price is $79.21. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 36.54 and a beta of 1.58. The company has a quick ratio of 1.57, a current ratio of 2.33 and a debt-to-equity ratio of 0.02. Skyline Champion Co. has a 12-month low of $52.12 and a 12-month high of $97.22.

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

Insider Activity

In other Skyline Champion news, Director Erin Mulligan Nelson sold 1,000 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $83.18, for a total transaction of $83,180.00. Following the completion of the transaction, the director now owns 5,170 shares of the company’s stock, valued at $430,040.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Skyline Champion news, Director Erin Mulligan Nelson sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $83.18, for a total value of $83,180.00. Following the sale, the director now owns 5,170 shares in the company, valued at $430,040.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan Wade Lyall sold 12,448 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $87.88, for a total transaction of $1,093,930.24. Following the transaction, the executive vice president now owns 46,082 shares of the company’s stock, valued at $4,049,686.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 163,636 shares of company stock worth $14,582,253. Insiders own 6.90% of the company’s stock.

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.