Bessemer Group Inc. Has $20.62 Million Position in Skyline Champion Co. (NYSE:SKY)

Bessemer Group Inc. grew its holdings in Skyline Champion Co. (NYSE:SKY - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 234,042 shares of the company's stock after purchasing an additional 9,319 shares during the period. Bessemer Group Inc. owned approximately 0.41% of Skyline Champion worth $20,620,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd bought a new stake in shares of Skyline Champion during the fourth quarter valued at approximately $36,000. Headlands Technologies LLC bought a new position in Skyline Champion in the fourth quarter valued at $108,000. Venturi Wealth Management LLC bought a new position in shares of Skyline Champion during the fourth quarter valued at about $112,000. New Age Alpha Advisors LLC purchased a new stake in shares of Skyline Champion during the fourth quarter worth about $176,000. Finally, MML Investors Services LLC bought a new stake in Skyline Champion during the 3rd quarter valued at approximately $216,000.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SKY shares. Barclays reduced their price target on Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada increased their price objective on Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" 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. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $88.40.

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Insider Buying and Selling at Skyline Champion

In other Skyline Champion news, EVP Joseph A. Kimmell sold 4,335 shares of the company's stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Timothy A. Burkhardt sold 3,823 shares of the firm'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 value of $408,564.01. Following the transaction, the vice president now owns 32,706 shares of the company's stock, valued at $3,495,290.22. This trade represents a 10.47 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is owned by corporate insiders.

Skyline Champion Stock Performance

Skyline Champion stock traded up $0.42 during midday trading on Wednesday, hitting $82.06. 101,943 shares of the company's stock were exchanged, compared to its average volume of 568,752. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 28.89 and a beta of 1.41. The firm's 50 day simple moving average is $95.72 and its 200 day simple moving average is $95.26. 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 Co. has a 12-month low of $64.82 and a 12-month high of $116.49.

Skyline Champion (NYSE:SKY - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts predict that Skyline Champion Co. will post 3.63 EPS 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.