Amalgamated Bank Grows Position in Skyline Champion Co. (NYSE:SKY)

Amalgamated Bank raised its stake in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 746.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,491 shares of the company's stock after acquiring an additional 13,661 shares during the quarter. Amalgamated Bank's holdings in Skyline Champion were worth $1,365,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Van ECK Associates Corp raised its stake in shares of Skyline Champion by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 32,924 shares of the company's stock worth $2,968,000 after acquiring an additional 9,408 shares in the last quarter. Olympiad Research LP acquired a new position in shares of Skyline Champion during the third quarter worth $348,000. Kornitzer Capital Management Inc. KS raised its stake in Skyline Champion by 0.5% in the third quarter. Kornitzer Capital Management Inc. KS now owns 175,250 shares of the company's stock valued at $16,622,000 after buying an additional 875 shares during the last quarter. Portside Wealth Group LLC raised its position in shares of Skyline Champion by 10.0% in the 3rd quarter. Portside Wealth Group LLC now owns 3,339 shares of the company's stock valued at $317,000 after purchasing an additional 304 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its holdings in shares of Skyline Champion by 5.1% in the third quarter. Verdence Capital Advisors LLC now owns 3,514 shares of the company's stock worth $333,000 after buying an additional 171 shares during the last quarter.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a report on Thursday, February 6th. Barclays raised their price objective on Skyline Champion from $90.00 to $106.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $90.20.

Insider Activity at Skyline Champion

In other news, VP Timothy A. Burkhardt sold 3,823 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total transaction 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 $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 available through this link. Also, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion 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 sale, 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 disclosure for this sale can be found here. 6.90% of the stock is owned by company insiders.

Skyline Champion Stock Performance

SKY traded down $2.49 during midday trading on Friday, hitting $96.38. 145,922 shares of the company were exchanged, compared to its average volume of 479,450. The company's 50 day simple moving average is $95.63 and its 200 day simple moving average is $95.38. The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of 33.93 and a beta of 1.61. Skyline Champion Co. has a 1-year low of $64.82 and a 1-year high of $116.49. The company has a current ratio of 2.59, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY - Get Free Report) last announced its quarterly 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, sell-side analysts predict that Skyline Champion Co. will post 3.63 earnings per share for the current year.

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.