Capital Research Global Investors purchased a new position in Skyline Champion Co. (NYSE:SKY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,123,479 shares of the company's stock, valued at approximately $98,978,000. Capital Research Global Investors owned approximately 1.96% of Skyline Champion at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. HighTower Advisors LLC raised its holdings in Skyline Champion by 20.1% in the third quarter. HighTower Advisors LLC now owns 4,839 shares of the company's stock worth $458,000 after purchasing an additional 811 shares in the last quarter. Stifel Financial Corp boosted its stake in Skyline Champion by 42.9% during the third quarter. Stifel Financial Corp now owns 8,305 shares of the company's stock worth $788,000 after acquiring an additional 2,494 shares in the last quarter. MML Investors Services LLC purchased a new stake in Skyline Champion in the third quarter worth about $216,000. Barclays PLC lifted its holdings in shares of Skyline Champion by 136.9% during the third quarter. Barclays PLC now owns 111,140 shares of the company's stock valued at $10,543,000 after purchasing an additional 64,229 shares during the last quarter. Finally, SkyView Investment Advisors LLC boosted its position in shares of Skyline Champion by 2.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 6,243 shares of the company's stock worth $592,000 after purchasing an additional 132 shares in the last quarter.
Skyline Champion Stock Performance
Shares of SKY stock traded down $0.78 during trading hours on Friday, reaching $84.73. The company had a trading volume of 260,684 shares, compared to its average volume of 531,586. 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 business has a fifty day moving average price of $92.34 and a 200-day moving average price of $94.65. Skyline Champion Co. has a one year low of $64.82 and a one year high of $116.49. The firm has a market cap of $4.85 billion, a PE ratio of 29.83 and a beta of 1.41.
Skyline Champion (NYSE:SKY - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, beating 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%. Sell-side analysts predict that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Skyline Champion news, VP Timothy A. Burkhardt sold 3,823 shares of the stock in a transaction that occurred 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph A. Kimmell sold 4,335 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $104.21, for a total value of $451,750.35. Following the completion of the sale, the executive vice president now owns 39,411 shares of the company's stock, valued at $4,107,020.31. This trade represents a 9.91 % 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.
Analyst Ratings Changes
Several equities research analysts have commented on the company. Royal Bank of Canada boosted their target price on Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Barclays decreased their target price on shares of Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Skyline Champion currently has an average rating of "Hold" and a consensus price target of $88.40.
Read Our Latest Analysis on SKY
Skyline Champion Profile
(
Free Report)
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.
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