Skyline Champion Co. (NYSE:SKY) Shares Bought by Invesco Ltd.

Invesco Ltd. grew its holdings in Skyline Champion Co. (NYSE:SKY - Free Report) by 28.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 312,462 shares of the company's stock after acquiring an additional 69,723 shares during the period. Invesco Ltd. owned 0.55% of Skyline Champion worth $27,528,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. SkyView Investment Advisors LLC boosted its holdings in Skyline Champion by 2.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 6,243 shares of the company's stock worth $592,000 after buying an additional 132 shares during the period. Ulland Investment Advisors LLC grew its position 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 worth $4,635,000 after purchasing an additional 171 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Skyline Champion by 3.7% in the 4th quarter. HighTower Advisors LLC now owns 5,019 shares of the company's stock worth $442,000 after purchasing an additional 180 shares in the last quarter. Atria Investments Inc boosted its stake in Skyline Champion by 5.7% in the 4th quarter. Atria Investments Inc now owns 3,726 shares of the company's stock worth $328,000 after purchasing an additional 202 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of Skyline Champion by 3.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,745 shares of the company's stock valued at $506,000 after buying an additional 213 shares during the last quarter.

Insider Activity at Skyline Champion

In other news, VP Timothy A. Burkhardt sold 3,823 shares of the company's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total value of $408,564.01. Following the sale, the vice president now owns 32,706 shares in the company, valued at $3,495,290.22. This represents a 10.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion stock in a transaction that occurred 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 transaction, the executive vice president now owns 39,411 shares of the company's stock, valued at approximately $4,107,020.31. This represents a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SKY shares. Royal Bank of Canada upped their price objective on Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Barclays reduced their target price on Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $88.40.

Skyline Champion Stock Up 2.5 %

Shares of NYSE:SKY traded up $2.04 during trading on Thursday, reaching $84.62. The stock had a trading volume of 55,139 shares, compared to its average volume of 530,810. The company has a market capitalization of $4.85 billion, a P/E ratio of 29.77 and a beta of 1.41. Skyline Champion Co. has a one year low of $64.82 and a one year 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 firm's 50-day simple moving average is $92.77 and its 200 day simple moving average is $94.70.

Skyline Champion (NYSE:SKY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share 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%. As a group, research analysts expect that Skyline Champion Co. will post 3.63 EPS for the current fiscal year.

About Skyline Champion

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.