Natixis Advisors LLC Has $13.41 Million Stock Position in Skyline Champion Co. (NYSE:SKY)

Natixis Advisors LLC trimmed its position in Skyline Champion Co. (NYSE:SKY) by 20.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,396 shares of the company’s stock after selling 35,244 shares during the quarter. Natixis Advisors LLC owned approximately 0.25% of Skyline Champion worth $13,412,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. nVerses Capital LLC acquired a new position in Skyline Champion in the 3rd quarter worth approximately $76,000. Kessler Investment Group LLC raised its position in Skyline Champion by 41.0% during the second quarter. Kessler Investment Group LLC now owns 2,225 shares of the company’s stock valued at $151,000 after buying an additional 647 shares during the period. Blue Trust Inc. lifted its stake in Skyline Champion by 77,800.0% in 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 in the last quarter. Cannon Global Investment Management LLC acquired a new stake in Skyline Champion during the 2nd quarter worth about $217,000. Finally, CWM LLC grew its stake in Skyline Champion by 7.4% during the 3rd quarter. CWM LLC now owns 2,286 shares of the company’s stock valued at $217,000 after acquiring an additional 158 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently commented on SKY. Barclays raised their price target on shares of Skyline Champion from $85.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. StockNews.com raised Skyline Champion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Jefferies Financial Group boosted their price target on Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Wedbush reaffirmed a “neutral” rating and set a $64.00 price objective on shares of Skyline Champion in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada increased their target price on shares of Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $85.40.

Insiders Place Their Bets

In related news, EVP Jonathan Wade Lyall sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $89.90, for a total transaction of $899,000.00. Following the completion of the transaction, the executive vice president now owns 36,082 shares in the company, valued at $3,243,771.80. This trade represents a 21.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mak Capital One Llc sold 80,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $90.16, for a total value of $7,212,800.00. Following the completion of the sale, the director now owns 2,920,000 shares in the company, valued at $263,267,200. This trade represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 130,000 shares of company stock worth $11,666,600 over the last 90 days. Corporate insiders own 6.90% of the company’s stock.

Skyline Champion Price Performance

NYSE:SKY opened at $98.17 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.42 and a quick ratio of 1.64. The stock has a market cap of $5.63 billion, a P/E ratio of 37.90 and a beta of 1.59. The company has a fifty day moving average price of $93.96 and a 200 day moving average price of $83.39. Skyline Champion Co. has a one year low of $58.62 and a one year high of $101.39.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.32. The company had revenue of $616.88 million during the quarter, compared to the consensus estimate of $600.52 million. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. The company’s quarterly revenue was up 32.9% on a year-over-year basis. During the same quarter last year, the company earned $0.82 EPS. Analysts anticipate that Skyline Champion Co. will post 3.43 earnings per share for the current year.

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.