Mak Capital One Llc Sells 80,000 Shares of Skyline Champion Co. (NYSE:SKY) Stock

Skyline Champion Co. (NYSE:SKY) 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 sale, the director now owns 2,920,000 shares of the company’s stock, valued at $263,267,200. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Mak Capital One Llc also recently made the following trade(s):

• On Friday, September 6th, Mak Capital One Llc sold 40,000 shares of Skyline Champion stock. The stock was sold at an average price of $88.87, for a total value of $3,554,800.00.

Skyline Champion Price Performance

Shares of SKY opened at $88.53 on Friday. The stock has a market cap of $5.10 billion, a PE ratio of 34.85 and a beta of 1.58. The business has a 50-day simple moving average of $80.94 and a two-hundred day simple moving average of $78.57. 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 $93.67.

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

Institutional Investors Weigh In On Skyline Champion

Institutional investors and hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC acquired a new stake in shares of Skyline Champion in the first quarter valued at about $63,000. Kessler Investment Group LLC increased its stake in shares of Skyline Champion by 41.0% in 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. grew its stake in Skyline Champion by 77,800.0% during the second quarter. Blue Trust Inc. now owns 3,116 shares of the company’s stock worth $211,000 after purchasing an additional 3,112 shares during the period. Cannon Global Investment Management LLC acquired a new stake in Skyline Champion during the second quarter worth approximately $217,000. Finally, Burney Co. acquired a new stake in Skyline Champion during the second quarter worth approximately $231,000.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SKY shares. StockNews.com upgraded Skyline Champion from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Royal Bank of Canada upped their price objective on Skyline Champion from $68.00 to $82.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 8th. Craig Hallum lowered their target price on Skyline Champion from $88.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Wedbush reaffirmed a “neutral” rating and issued a $64.00 target price on shares of Skyline Champion in a report on Wednesday, August 7th. Finally, Barclays upped their target price on Skyline Champion from $68.00 to $85.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $78.75.

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.