Natixis Advisors LLC Decreases Stake in Skyline Champion Co. (NYSE:SKY)

Natixis Advisors LLC reduced its stake in Skyline Champion Co. (NYSE:SKY) by 40.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 83,907 shares of the company’s stock after selling 57,489 shares during the quarter. Natixis Advisors LLC owned about 0.15% of Skyline Champion worth $7,392,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SKY. Truvestments Capital LLC purchased a new position in shares of Skyline Champion in the 3rd quarter valued at approximately $32,000. Quarry LP acquired a new position in Skyline Champion in the 3rd quarter worth approximately $67,000. Venturi Wealth Management LLC acquired a new position in Skyline Champion in the 4th quarter worth approximately $112,000. KBC Group NV increased its holdings in Skyline Champion by 53.9% in the 4th quarter. KBC Group NV now owns 2,288 shares of the company’s stock worth $202,000 after buying an additional 801 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Skyline Champion in the 4th quarter worth approximately $210,000.

Skyline Champion Price Performance

Shares of NYSE SKY opened at $94.94 on Friday. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 33.43 and a beta of 1.61. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49. The firm’s 50 day simple moving average is $96.89 and its 200-day simple moving average is $95.63. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74.

Skyline Champion (NYSE:SKY) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.24. Skyline Champion had a net margin of 6.80% and a return on equity of 13.80%. Analysts expect that Skyline Champion Co. will post 3.63 EPS for the current year.

Wall Street Analysts Forecast Growth

SKY has been the topic of several research reports. Barclays increased their price target on shares of Skyline Champion from $90.00 to $106.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Royal Bank of Canada increased their price target on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $90.20.

Insider Activity

In other news, VP Timothy A. Burkhardt sold 3,823 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total transaction of $408,564.01. Following the transaction, the vice president now owns 32,706 shares in the company, valued at $3,495,290.22. This trade represents a 10.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $104.21, for a total value of $451,750.35. Following the transaction, the executive vice president now owns 39,411 shares in the company, valued at $4,107,020.31. This trade represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.90% of the company’s stock.

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.