Charles Schwab Investment Management Inc. Boosts Holdings in Skyline Champion Co. (NYSE:SKY)

Charles Schwab Investment Management Inc. increased its stake in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 682,259 shares of the company's stock after buying an additional 42,278 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.19% of Skyline Champion worth $60,107,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. SkyView Investment Advisors LLC grew its holdings in shares of Skyline Champion by 2.2% during the third quarter. SkyView Investment Advisors LLC now owns 6,243 shares of the company's stock valued at $592,000 after buying an additional 132 shares during the last quarter. Ulland Investment Advisors LLC grew its holdings in shares of Skyline Champion by 0.3% during the fourth quarter. Ulland Investment Advisors LLC now owns 52,610 shares of the company's stock valued at $4,635,000 after buying an additional 171 shares during the last quarter. Mirador Capital Partners LP grew its holdings in shares of Skyline Champion by 0.6% during the fourth quarter. Mirador Capital Partners LP now owns 51,514 shares of the company's stock valued at $4,538,000 after buying an additional 294 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Skyline Champion by 0.9% during the third quarter. BNP Paribas Financial Markets now owns 33,894 shares of the company's stock valued at $3,215,000 after buying an additional 299 shares during the last quarter. Finally, Truvestments Capital LLC purchased a new stake in shares of Skyline Champion during the third quarter valued at $32,000.

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Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SKY shares. Royal Bank of Canada upped their price target 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 upped their price target on shares of Skyline Champion from $90.00 to $106.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $90.20.

Skyline Champion Price Performance

Shares of SKY stock traded up $2.51 during mid-day trading on Friday, hitting $94.56. 318,167 shares of the stock were exchanged, compared to its average volume of 485,811. The firm has a fifty day moving average of $96.38 and a 200 day moving average of $95.61. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. Skyline Champion Co. has a 52-week low of $64.82 and a 52-week high of $116.49. The company has a market cap of $5.42 billion, a PE ratio of 33.29 and a beta of 1.61.

Skyline Champion (NYSE:SKY - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate 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 earnings per share for the current year.

Insider Transactions at Skyline Champion

In other Skyline Champion news, VP Timothy A. Burkhardt sold 3,823 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total value of $408,564.01. Following the completion of the sale, the vice president now owns 32,706 shares in the company, valued at approximately $3,495,290.22. This represents a 10.47 % decrease in their position. The transaction was disclosed in a legal 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 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 owns 39,411 shares of the company's stock, valued at approximately $4,107,020.31. The trade was a 9.91 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.90% of the company's stock.

Skyline Champion 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.