Curi RMB Capital LLC Sells 1,911 Shares of Skyline Champion Co. (NYSE:SKY)

Curi RMB Capital LLC trimmed its holdings in Skyline Champion Co. (NYSE:SKY) by 13.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 11,902 shares of the company’s stock after selling 1,911 shares during the quarter. Curi RMB Capital LLC’s holdings in Skyline Champion were worth $1,049,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SKY. Harvest Fund Management Co. Ltd purchased a new stake in shares of Skyline Champion during the 4th quarter valued at about $36,000. Sterling Capital Management LLC lifted its position in Skyline Champion by 645.5% during the fourth quarter. Sterling Capital Management LLC now owns 917 shares of the company’s stock valued at $81,000 after purchasing an additional 794 shares during the period. Headlands Technologies LLC purchased a new stake in Skyline Champion in the fourth quarter worth approximately $108,000. Venturi Wealth Management LLC bought a new stake in Skyline Champion in the 4th quarter worth approximately $112,000. Finally, New Age Alpha Advisors LLC purchased a new stake in Skyline Champion during the 4th quarter valued at $176,000.

Skyline Champion Price Performance

Shares of Skyline Champion stock opened at $81.93 on Monday. The stock has a market cap of $4.69 billion, a P/E ratio of 28.85 and a beta of 1.41. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59. The stock’s fifty day moving average is $94.31 and its 200 day moving average is $94.98. Skyline Champion Co. has a one year low of $64.82 and a one year high of $116.49.

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 return on equity of 13.80% and a net margin of 6.80%. Sell-side analysts anticipate that Skyline Champion Co. will post 3.63 earnings per share for the current year.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SKY. Barclays dropped their price target on Skyline Champion from $106.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada boosted their price target on Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $88.40.

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.