Bryce Point Capital LLC Purchases Shares of 15,237 Skyline Champion Co. (NYSE:SKY)

Bryce Point Capital LLC purchased a new position in Skyline Champion Co. (NYSE:SKY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,237 shares of the company's stock, valued at approximately $1,342,000.

Other institutional investors have also made changes to their positions in the company. Harvest Fund Management Co. Ltd purchased a new position in shares of Skyline Champion during the 4th quarter valued at $36,000. Quarry LP acquired a new stake in Skyline Champion during the third quarter valued at $67,000. Headlands Technologies LLC purchased a new position in Skyline Champion in the fourth quarter valued at about $108,000. Venturi Wealth Management LLC acquired a new position in Skyline Champion in the 4th quarter worth about $112,000. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Skyline Champion during the 4th quarter valued at about $176,000.

Insider Buying and Selling at Skyline Champion

In other Skyline Champion news, EVP Joseph A. Kimmell sold 4,335 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $104.21, for a total value of $451,750.35. Following the sale, the executive vice president now owns 39,411 shares of the company's stock, valued at $4,107,020.31. The trade was a 9.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 directly owns 32,706 shares of the company's stock, valued at $3,495,290.22. The trade was a 10.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.90% of the company's stock.

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Wall Street Analyst Weigh In

SKY has been the subject of several recent research reports. Royal Bank of Canada boosted their target price on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Barclays raised their price objective on 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 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 a consensus price target of $90.20.

Skyline Champion Stock Performance

Shares of NYSE:SKY traded up $0.72 during midday trading on Friday, hitting $86.97. The company's stock had a trading volume of 651,384 shares, compared to its average volume of 519,142. Skyline Champion Co. has a fifty-two week low of $64.82 and a fifty-two week high of $116.49. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 30.62 and a beta of 1.41. The stock's 50 day simple moving average is $97.78 and its 200 day simple moving average is $95.91. 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 announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 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%. As a group, research analysts anticipate that Skyline Champion Co. will post 3.63 earnings per share for the current year.

Skyline Champion Company 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.