Skyline Champion Co. (NYSE:SKY) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC boosted its stake in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 87.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,743 shares of the company's stock after buying an additional 10,139 shares during the period. Intech Investment Management LLC's holdings in Skyline Champion were worth $1,916,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SKY. Cibc World Markets Corp acquired a new stake in Skyline Champion during the fourth quarter worth about $442,000. PFG Advisors lifted its holdings in Skyline Champion by 13.1% in the fourth quarter. PFG Advisors now owns 6,509 shares of the company's stock valued at $573,000 after acquiring an additional 752 shares during the last quarter. HighTower Advisors LLC grew its position in Skyline Champion by 3.7% in the fourth quarter. HighTower Advisors LLC now owns 5,019 shares of the company's stock worth $442,000 after acquiring an additional 180 shares during the period. PNC Financial Services Group Inc. increased its stake in Skyline Champion by 3.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,745 shares of the company's stock worth $506,000 after acquiring an additional 213 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. lifted its stake 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 purchasing an additional 719 shares during the last quarter.

Skyline Champion Stock Up 0.6 %

Shares of Skyline Champion stock traded up $0.61 on Tuesday, reaching $97.94. 235,895 shares of the company were exchanged, compared to its average volume of 489,399. The stock's 50 day moving average price is $97.26 and its 200-day moving average price is $95.78. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74. Skyline Champion Co. has a 1-year low of $64.82 and a 1-year high of $116.49. The company has a market cap of $5.61 billion, a P/E ratio of 34.49 and a beta of 1.61.

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Skyline Champion (NYSE:SKY - Get Free Report) last posted its quarterly earnings results 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%. As a group, equities analysts forecast that Skyline Champion Co. will post 3.63 EPS for the current year.

Insider Activity at Skyline Champion

In other news, EVP Joseph A. Kimmell sold 4,335 shares of the business's stock in a transaction that occurred on 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 in the company, valued at approximately $4,107,020.31. The trade was a 9.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Timothy A. Burkhardt sold 3,823 shares of the 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 completion of the transaction, the vice president now directly owns 32,706 shares in the company, valued at $3,495,290.22. This trade represents a 10.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.