MetLife Investment Management LLC Decreases Stake in Skyline Champion Co. (NYSE:SKY)

MetLife Investment Management LLC lowered its position in Skyline Champion Co. (NYSE:SKY) by 1.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 30,506 shares of the company’s stock after selling 451 shares during the period. MetLife Investment Management LLC’s holdings in Skyline Champion were worth $2,893,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new stake in Skyline Champion in the 3rd quarter worth about $32,000. nVerses Capital LLC purchased a new stake in Skyline Champion in the 3rd quarter worth about $76,000. Kessler Investment Group LLC increased its holdings in Skyline Champion by 41.0% in the 2nd quarter. Kessler Investment Group LLC now owns 2,225 shares of the company’s stock worth $151,000 after acquiring an additional 647 shares during the last quarter. CWM LLC increased its holdings in Skyline Champion by 7.4% in the 3rd quarter. CWM LLC now owns 2,286 shares of the company’s stock worth $217,000 after acquiring an additional 158 shares during the last quarter. Finally, OLD National Bancorp IN purchased a new position in Skyline Champion during the 3rd quarter valued at about $225,000.

Wall Street Analyst Weigh In

SKY has been the subject of a number of recent analyst reports. StockNews.com raised Skyline Champion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Barclays lifted their target price on Skyline Champion from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Craig Hallum lifted their target price on Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Jefferies Financial Group lifted their target price on Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Royal Bank of Canada lifted their target price on Skyline Champion from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Skyline Champion presently has an average rating of “Hold” and a consensus target price of $85.40.

Insider Buying and Selling

In related news, Director Mak Capital One Llc sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $88.87, for a total value of $3,554,800.00. Following the completion of the sale, the director now owns 2,716,500 shares in the company, valued at $241,415,355. The trade was a 1.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 6.90% of the stock is currently owned by corporate insiders.

Skyline Champion Stock Down 0.4 %

Shares of NYSE SKY opened at $104.92 on Wednesday. Skyline Champion Co. has a 12 month low of $62.01 and a 12 month high of $107.26. The company has a current ratio of 2.42, a quick ratio of 1.64 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 40.51 and a beta of 1.59. The business has a 50-day moving average of $95.52 and a 200-day moving average of $84.73.

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

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.