American Century Companies Inc. Acquires 39,262 Shares of Skyline Champion Co. (NYSE:SKY)

American Century Companies Inc. lifted its stake in Skyline Champion Co. (NYSE:SKY - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,411,769 shares of the company's stock after buying an additional 39,262 shares during the period. American Century Companies Inc. owned about 2.46% of Skyline Champion worth $124,377,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Skyline Champion in the fourth quarter valued at $993,000. Teacher Retirement System of Texas lifted its holdings in shares of Skyline Champion by 610.3% during the 4th quarter. Teacher Retirement System of Texas now owns 31,474 shares of the company's stock worth $2,773,000 after acquiring an additional 27,043 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Skyline Champion during the 4th quarter valued at about $36,000. Maryland State Retirement & Pension System bought a new stake in Skyline Champion in the fourth quarter valued at about $1,567,000. Finally, Xponance Inc. raised its position in Skyline Champion by 10.0% in the fourth quarter. Xponance Inc. now owns 3,855 shares of the company's stock worth $340,000 after purchasing an additional 352 shares in the last quarter.

Skyline Champion Trading Down 0.4 %

Shares of NYSE SKY traded down $0.35 during midday trading on Thursday, hitting $96.76. The stock had a trading volume of 222,794 shares, compared to its average volume of 487,912. The firm has a market cap of $5.54 billion, a P/E ratio of 34.07 and a beta of 1.61. 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 debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74. The company's 50-day simple moving average is $97.51 and its 200 day simple moving average is $95.85.

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Skyline Champion (NYSE:SKY - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) 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%. Research analysts anticipate that Skyline Champion Co. will post 3.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Royal Bank of Canada lifted their price objective on Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a report on Thursday, February 6th. Barclays boosted their target price 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. Five investment 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 stock presently has a consensus rating of "Hold" and an average price target of $90.20.

Insiders Place Their Bets

In other Skyline Champion news, VP Timothy A. Burkhardt sold 3,823 shares of the firm's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total transaction of $408,564.01. Following the transaction, the vice president now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of the stock in a transaction that occurred 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 owns 39,411 shares in the company, valued at $4,107,020.31. This represents a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.90% of the company's stock.

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.