5,020 Shares in Skyline Champion Co. (NYSE:SKY) Purchased by Cibc World Markets Corp

Cibc World Markets Corp bought a new position in shares of Skyline Champion Co. (NYSE:SKY - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,020 shares of the company's stock, valued at approximately $442,000.

Other institutional investors have also recently added to or reduced their stakes in the company. PFG Advisors lifted its holdings in shares of Skyline Champion by 13.1% during the fourth quarter. PFG Advisors now owns 6,509 shares of the company's stock worth $573,000 after purchasing an additional 752 shares during the period. HighTower Advisors LLC lifted its holdings in Skyline Champion by 3.7% during the 4th quarter. HighTower Advisors LLC now owns 5,019 shares of the company's stock worth $442,000 after buying an additional 180 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Skyline Champion by 3.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,745 shares of the company's stock worth $506,000 after buying an additional 213 shares during the period. Vestmark Advisory Solutions Inc. grew its position in shares of Skyline Champion by 16.2% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 5,160 shares of the company's stock valued at $455,000 after buying an additional 719 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Skyline Champion in the fourth quarter valued at about $6,453,000.

Analyst Ratings Changes

Several brokerages recently commented on SKY. Royal Bank of Canada upped their target price 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 upped their price objective 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. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $90.20.

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Insider Buying and Selling at Skyline Champion

In related news, EVP Joseph A. Kimmell sold 4,335 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $104.21, for a total value of $451,750.35. Following the transaction, the executive vice president now directly owns 39,411 shares in the company, valued at $4,107,020.31. This trade represents a 9.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Timothy A. Burkhardt sold 3,823 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total transaction of $408,564.01. Following the sale, 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. Insiders own 6.90% of the company's stock.

Skyline Champion Trading Down 0.4 %

SKY stock traded down $0.35 during mid-day trading on Thursday, reaching $96.76. The company's stock had a trading volume of 222,794 shares, compared to its average volume of 487,912. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49. The company has a current ratio of 2.59, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. The business's 50 day moving average price is $97.51 and its 200 day moving average price is $95.85. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 34.07 and a beta of 1.61.

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, 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%. On average, equities research analysts predict that Skyline Champion Co. will post 3.63 EPS 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.