Fox Run Management L.L.C. Has $339,000 Stake in Skyline Champion Co. (NYSE:SKY)

Fox Run Management L.L.C. lowered its position in Skyline Champion Co. (NYSE:SKY) by 49.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,845 shares of the company’s stock after selling 3,705 shares during the period. Fox Run Management L.L.C.’s holdings in Skyline Champion were worth $339,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Truvestments Capital LLC acquired a new position in Skyline Champion in the third quarter worth $32,000. Harvest Fund Management Co. Ltd bought a new position in shares of Skyline Champion in the fourth quarter valued at about $36,000. Quarry LP acquired a new position in Skyline Champion during the 3rd quarter worth about $67,000. Venturi Wealth Management LLC bought a new stake in Skyline Champion during the 4th quarter worth about $112,000. Finally, KBC Group NV increased its position in Skyline Champion by 53.9% in the 4th quarter. KBC Group NV now owns 2,288 shares of the company’s stock valued at $202,000 after acquiring an additional 801 shares in the last quarter.

Skyline Champion Trading Down 0.6 %

SKY opened at $97.26 on Thursday. The firm has a 50 day simple moving average of $97.51 and a 200 day simple moving average of $95.85. Skyline Champion Co. has a fifty-two week low of $64.82 and a fifty-two week high of $116.49. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 34.24 and a beta of 1.61. 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 released its earnings results 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%. On average, sell-side analysts anticipate that Skyline Champion Co. will post 3.63 earnings per share for the current year.

Insider Transactions at Skyline Champion

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

Wall Street Analysts Forecast Growth

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