Guidance Capital Inc. Acquires Shares of 5,166 Skyline Champion Co. (NYSE:SKY)

Guidance Capital Inc. bought a new stake in shares of Skyline Champion Co. (NYSE:SKY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,166 shares of the company's stock, valued at approximately $459,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Jennison Associates LLC bought a new stake in Skyline Champion in the fourth quarter valued at about $659,000. KBC Group NV increased its holdings in shares of Skyline Champion by 53.9% in the 4th quarter. KBC Group NV now owns 2,288 shares of the company's stock valued at $202,000 after acquiring an additional 801 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of Skyline Champion during the 4th quarter valued at approximately $210,000. Fort Washington Investment Advisors Inc. OH lifted its stake in Skyline Champion by 0.3% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 192,464 shares of the company's stock worth $16,956,000 after purchasing an additional 550 shares during the last quarter. Finally, Ulland Investment Advisors LLC boosted its holdings in shares of Skyline Champion by 0.3% in the 4th 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 period.

Analyst Upgrades and Downgrades

SKY has been the subject of a number of recent research reports. Barclays upped their price objective on Skyline Champion from $90.00 to $106.00 and gave the stock an "equal weight" rating in a research note on Thursday. Royal Bank of Canada lifted their price objective on shares of Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a research report on Thursday. Finally, Craig Hallum upped their target price on shares of Skyline Champion from $92.00 to $99.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $90.20.

Skyline Champion Price Performance

Shares of NYSE:SKY traded down $1.94 during trading on Friday, reaching $103.89. The company had a trading volume of 657,074 shares, compared to its average volume of 621,433. Skyline Champion Co. has a twelve month low of $64.82 and a twelve month high of $116.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.59. The firm has a market capitalization of $5.95 billion, a PE ratio of 36.58 and a beta of 1.62. The firm's fifty day moving average is $94.76 and its 200 day moving average is $92.61.

Skyline Champion (NYSE:SKY - Get Free Report) last released 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 return on equity of 13.80% and a net margin of 6.80%. On average, equities analysts forecast that Skyline Champion Co. will post 3.54 EPS for the current year.

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.