Alberta Investment Management Corp Has $4.14 Million Stock Position in Skyline Champion Co. (NYSE:SKY)

Alberta Investment Management Corp lifted its holdings in Skyline Champion Co. (NYSE:SKY - Free Report) by 25.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,984 shares of the company's stock after purchasing an additional 9,553 shares during the period. Alberta Investment Management Corp owned approximately 0.08% of Skyline Champion worth $4,139,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. SkyView Investment Advisors LLC raised its position in shares of Skyline Champion by 2.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,243 shares of the company's stock worth $592,000 after acquiring an additional 132 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in Skyline Champion by 5.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,514 shares of the company's stock worth $333,000 after acquiring an additional 171 shares during the period. Ulland Investment Advisors LLC grew its stake in shares of Skyline Champion by 0.3% in the 4th quarter. Ulland Investment Advisors LLC now owns 52,610 shares of the company's stock valued at $4,635,000 after purchasing an additional 171 shares during the last quarter. Mirador Capital Partners LP lifted its holdings in shares of Skyline Champion by 0.6% during the fourth quarter. Mirador Capital Partners LP now owns 51,514 shares of the company's stock worth $4,538,000 after purchasing an additional 294 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of Skyline Champion by 0.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 33,894 shares of the company's stock worth $3,215,000 after acquiring an additional 299 shares during the period.

Insider Activity

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

Skyline Champion Stock Down 3.3 %

Shares of SKY stock traded down $3.45 during trading on Friday, hitting $100.05. 369,205 shares of the company were exchanged, compared to its average volume of 665,556. The business's 50-day simple moving average is $94.69 and its 200 day simple moving average is $94.16. Skyline Champion Co. has a twelve month low of $64.82 and a twelve month high of $116.49. The firm has a market capitalization of $5.73 billion, a price-to-earnings ratio of 35.23 and a beta of 1.62. 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 - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, beating 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%. As a group, analysts forecast that Skyline Champion Co. will post 3.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SKY shares. Royal Bank of Canada raised their price target on Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a report on Thursday, February 6th. Craig Hallum upped their price objective on Skyline Champion from $92.00 to $99.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Finally, Barclays increased their target price on 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 analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price 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.