B. Metzler seel. Sohn & Co. Holding AG Invests $2.37 Million in Skyline Champion Co. (NYSE:SKY)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Skyline Champion Co. (NYSE:SKY - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,976 shares of the company's stock, valued at approximately $2,369,000.

Other large investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its holdings in Skyline Champion by 2.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,642,123 shares of the company's stock worth $179,004,000 after buying an additional 53,965 shares during the period. William Blair Investment Management LLC boosted its holdings in shares of Skyline Champion by 0.3% in the second quarter. William Blair Investment Management LLC now owns 1,197,889 shares of the company's stock worth $81,157,000 after acquiring an additional 3,313 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in shares of Skyline Champion by 4.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 844,367 shares of the company's stock valued at $57,206,000 after purchasing an additional 35,880 shares in the last quarter. Burgundy Asset Management Ltd. raised its stake in shares of Skyline Champion by 3.3% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 768,346 shares of the company's stock valued at $52,055,000 after purchasing an additional 24,353 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Skyline Champion by 46.0% during the 2nd quarter. Victory Capital Management Inc. now owns 669,895 shares of the company's stock worth $45,385,000 after purchasing an additional 211,099 shares in the last quarter.

Skyline Champion Price Performance

Shares of Skyline Champion stock traded up $1.91 during trading on Friday, hitting $101.99. 289,510 shares of the stock traded hands, compared to its average volume of 360,930. The stock has a market cap of $5.85 billion, a price-to-earnings ratio of 39.38 and a beta of 1.59. The firm's fifty day moving average is $94.27 and its 200-day moving average is $83.66. The company has a quick ratio of 1.64, a current ratio of 2.42 and a debt-to-equity ratio of 0.02. Skyline Champion Co. has a 52 week low of $58.85 and a 52 week high of $102.42.

Skyline Champion (NYSE:SKY - Get Free Report) last released its earnings results on Monday, October 28th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.61 by $0.32. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. The company had revenue of $616.88 million for the quarter, compared to analyst estimates of $600.52 million. During the same quarter last year, the firm earned $0.82 EPS. The firm's quarterly revenue was up 32.9% compared to the same quarter last year. Research analysts expect that Skyline Champion Co. will post 3.43 EPS for the current fiscal year.

Insider Activity

In related news, Director Mak Capital One Llc sold 40,000 shares of the business's stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $88.87, for a total transaction of $3,554,800.00. Following the transaction, the director now owns 2,716,500 shares in the company, valued at $241,415,355. The trade was a 1.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SKY has been the topic of a number of recent analyst reports. Craig Hallum increased their price target on shares of Skyline Champion from $92.00 to $99.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Wedbush reissued a "neutral" rating and issued a $64.00 price target on shares of Skyline Champion in a report on Wednesday, August 7th. Jefferies Financial Group upped their price target on shares of Skyline Champion from $79.00 to $86.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Royal Bank of Canada lifted their price objective on Skyline Champion from $82.00 to $88.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 30th. Finally, Barclays upped their target price on Skyline Champion from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Skyline Champion has a consensus rating of "Hold" and a consensus target price of $85.40.

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.