Skyline Champion Co. (NYSE:SKY) Shares Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. reduced its holdings in Skyline Champion Co. (NYSE:SKY) by 17.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,031 shares of the company’s stock after selling 663 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Skyline Champion were worth $287,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of SKY. SG Americas Securities LLC acquired a new stake in Skyline Champion in the first quarter valued at $791,000. Bessemer Group Inc. lifted its stake in shares of Skyline Champion by 7.0% in the first quarter. Bessemer Group Inc. now owns 156,782 shares of the company’s stock valued at $13,328,000 after purchasing an additional 10,251 shares during the period. Seven Eight Capital LP purchased a new stake in Skyline Champion during the first quarter worth about $728,000. Canada Pension Plan Investment Board grew its position in Skyline Champion by 38.6% during the second quarter. Canada Pension Plan Investment Board now owns 42,700 shares of the company’s stock worth $2,893,000 after buying an additional 11,900 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in Skyline Champion by 4.4% in 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 buying an additional 35,880 shares in the last quarter.

Skyline Champion Stock Performance

Skyline Champion stock opened at $94.92 on Wednesday. The stock has a fifty day moving average price of $92.75 and a 200 day moving average price of $82.43. The company has a current ratio of 2.42, a quick ratio of 1.64 and a debt-to-equity ratio of 0.02. Skyline Champion Co. has a 52 week low of $54.85 and a 52 week high of $101.39. The firm has a market capitalization of $5.45 billion, a P/E ratio of 37.47 and a beta of 1.59.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.32. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. The business had revenue of $616.88 million for the quarter, compared to analyst estimates of $600.52 million. During the same period in the prior year, the firm posted $0.82 EPS. The company’s revenue was up 32.9% on a year-over-year basis. Equities research analysts anticipate that Skyline Champion Co. will post 3.33 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Mak Capital One Llc sold 40,000 shares of the business’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 sale, the director now directly owns 2,716,500 shares of the company’s stock, valued at $241,415,355. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Timothy A. Burkhardt sold 2,874 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $89.42, for a total value of $256,993.08. Following the transaction, the vice president now owns 38,792 shares in the company, valued at approximately $3,468,780.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $3,554,800.00. Following the sale, the director now owns 2,716,500 shares of the company’s stock, valued at approximately $241,415,355. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 153,640 shares of company stock valued at $13,754,712 over the last quarter. Company insiders own 6.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SKY shares. StockNews.com upgraded Skyline Champion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Jefferies Financial Group upped 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. Craig Hallum lifted their price target on Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Wedbush reissued a “neutral” rating and issued a $64.00 price objective on shares of Skyline Champion in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada lifted 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 equities research 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, Skyline Champion presently has a consensus rating of “Hold” and a consensus target price of $85.40.

Skyline Champion 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.