Ameritas Investment Partners Inc. Sells 155 Shares of Skyline Champion Co. (NYSE:SKY)

Ameritas Investment Partners Inc. cut its stake in shares of Skyline Champion Co. (NYSE:SKY) by 2.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,396 shares of the company’s stock after selling 155 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Skyline Champion were worth $459,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in shares of Skyline Champion during the first quarter valued at $63,000. Kessler Investment Group LLC purchased a new position in Skyline Champion in the fourth quarter worth about $123,000. Vestmark Advisory Solutions Inc. purchased a new position in Skyline Champion in the fourth quarter worth about $219,000. Outlook Wealth Advisors LLC purchased a new position in Skyline Champion in the fourth quarter worth about $231,000. Finally, Mackenzie Financial Corp purchased a new position in Skyline Champion in the fourth quarter worth about $246,000.

Insider Activity at Skyline Champion

In other Skyline Champion news, insider Timothy Mark Larson sold 3,500 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $71.98, for a total value of $251,930.00. Following the transaction, the insider now owns 48,800 shares of the company’s stock, valued at approximately $3,512,624. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Skyline Champion news, EVP Joseph A. Kimmell sold 10,042 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $70.12, for a total value of $704,145.04. Following the transaction, the executive vice president now owns 47,262 shares of the company’s stock, valued at approximately $3,314,011.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Timothy Mark Larson sold 3,500 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $71.98, for a total value of $251,930.00. Following the completion of the transaction, the insider now directly owns 48,800 shares in the company, valued at approximately $3,512,624. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by insiders.

Skyline Champion Price Performance

Shares of SKY traded down $1.89 during mid-day trading on Wednesday, hitting $76.33. 130,063 shares of the stock were exchanged, compared to its average volume of 326,451. The firm has a 50-day moving average of $71.65 and a two-hundred day moving average of $75.69. Skyline Champion Co. has a 52-week low of $52.12 and a 52-week high of $86.71. The company has a market cap of $4.41 billion, a PE ratio of 30.84 and a beta of 1.57. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.54 and a current ratio of 2.36.

Skyline Champion (NYSE:SKY) last released its quarterly earnings results on Tuesday, May 21st. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.05). Skyline Champion had a net margin of 7.24% and a return on equity of 13.32%. The company had revenue of $536.36 million for the quarter, compared to analysts’ expectations of $560.90 million. During the same quarter in the previous year, the company posted $1.00 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities analysts predict that Skyline Champion Co. will post 2.76 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SKY shares. StockNews.com cut Skyline Champion from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd. Craig Hallum lowered their price objective on Skyline Champion from $88.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Wedbush reaffirmed a “neutral” rating and set a $72.00 price objective on shares of Skyline Champion in a research report on Wednesday, May 22nd. Barclays lowered their price objective on Skyline Champion from $76.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 29th. Finally, Royal Bank of Canada lowered their price target on Skyline Champion from $73.00 to $68.00 and set a “sector perform” rating on the stock in a report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Skyline Champion has an average rating of “Hold” and an average price target of $73.00.

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.