Trexquant Investment LP Sells 14,867 Shares of Skyline Champion Co. (NYSE:SKY)

Trexquant Investment LP cut its stake in Skyline Champion Co. (NYSE:SKY) by 26.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,727 shares of the company’s stock after selling 14,867 shares during the period. Trexquant Investment LP owned about 0.07% of Skyline Champion worth $3,676,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Skyline Champion by 17.3% during the fourth quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company’s stock worth $523,578,000 after acquiring an additional 876,712 shares during the period. Norges Bank bought a new stake in Skyline Champion during the 4th quarter valued at $69,346,000. Principal Financial Group Inc. lifted its holdings in shares of Skyline Champion by 5,843.2% in the 4th quarter. Principal Financial Group Inc. now owns 256,924 shares of the company’s stock worth $22,635,000 after buying an additional 252,601 shares during the period. Bank of New York Mellon Corp grew its position in shares of Skyline Champion by 80.7% during the 4th quarter. Bank of New York Mellon Corp now owns 351,060 shares of the company’s stock worth $30,928,000 after buying an additional 156,757 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Skyline Champion by 120.3% during the fourth quarter. JPMorgan Chase & Co. now owns 280,396 shares of the company’s stock valued at $24,703,000 after buying an additional 153,089 shares during the period.

Insider Activity

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

Skyline Champion Stock Performance

Shares of Skyline Champion stock opened at $86.97 on Monday. The company has a market capitalization of $4.98 billion, a PE ratio of 30.62 and a beta of 1.41. The company has a 50-day simple moving average of $97.78 and a two-hundred day simple moving average of $95.94. Skyline Champion Co. has a one year low of $64.82 and a one year high of $116.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59.

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SKY shares. Royal Bank of Canada upped their price objective on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 6th. Barclays upped their price target on shares of Skyline Champion from $90.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $90.20.

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.