Dark Forest Capital Management LP Acquires 4,603 Shares of Skyline Champion Co. (NYSE:SKY)

Dark Forest Capital Management LP increased its holdings in Skyline Champion Co. (NYSE:SKY) by 164.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,402 shares of the company’s stock after buying an additional 4,603 shares during the quarter. Dark Forest Capital Management LP’s holdings in Skyline Champion were worth $501,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SKY. Wellington Management Group LLP grew its position in shares of Skyline Champion by 0.8% during the 4th quarter. Wellington Management Group LLP now owns 8,047,679 shares of the company’s stock valued at $597,621,000 after acquiring an additional 62,748 shares during the period. Thrivent Financial for Lutherans raised its holdings in Skyline Champion by 2.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,642,123 shares of the company’s stock worth $179,004,000 after purchasing an additional 53,965 shares during the period. William Blair Investment Management LLC lifted its position in Skyline Champion by 0.3% during the second quarter. William Blair Investment Management LLC now owns 1,197,889 shares of the company’s stock valued at $81,157,000 after purchasing an additional 3,313 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in Skyline Champion by 4.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 844,367 shares of the company’s stock valued at $57,206,000 after purchasing an additional 35,880 shares during the period. Finally, Burgundy Asset Management Ltd. increased its position in Skyline Champion by 3.3% in the second quarter. Burgundy Asset Management Ltd. now owns 768,346 shares of the company’s stock worth $52,055,000 after buying an additional 24,353 shares in the last quarter.

Insider Buying and Selling at Skyline Champion

In other Skyline Champion news, Director Erin Mulligan Nelson sold 1,000 shares of the stock in a transaction dated Friday, August 9th. The shares were 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 approximately $430,040.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Erin Mulligan Nelson sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $83.18, for a total transaction of $83,180.00. Following the sale, the director now directly owns 5,170 shares of the company’s stock, valued at approximately $430,040.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mak Capital One Llc sold 40,000 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $88.87, for a total transaction of $3,554,800.00. Following the completion of the transaction, the director now directly owns 2,716,500 shares of the company’s stock, valued at $241,415,355. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 163,636 shares of company stock worth $14,582,253. Insiders own 6.90% of the company’s stock.

Skyline Champion Stock Up 0.5 %

Shares of SKY opened at $94.30 on Friday. Skyline Champion Co. has a 12-month low of $52.12 and a 12-month high of $97.22. The company has a current ratio of 2.33, a quick ratio of 1.57 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $5.43 billion, a PE ratio of 37.13 and a beta of 1.58. The business’s 50 day moving average is $87.27 and its 200 day moving average is $79.56.

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

Analyst Ratings Changes

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

About Skyline Champion

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.