JPMorgan Chase & Co. increased its holdings in Skyline Champion Co. (NYSE:SKY - Free Report) by 120.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 280,396 shares of the company's stock after acquiring an additional 153,089 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.49% of Skyline Champion worth $24,703,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Skyline Champion by 17.3% in the 4th quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company's stock valued at $523,578,000 after purchasing an additional 876,712 shares in the last quarter. State Street Corp lifted its holdings in Skyline Champion by 4.6% during the 3rd quarter. State Street Corp now owns 1,790,962 shares of the company's stock worth $169,873,000 after buying an additional 78,733 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Skyline Champion by 2.9% in the 4th quarter. American Century Companies Inc. now owns 1,411,769 shares of the company's stock valued at $124,377,000 after acquiring an additional 39,262 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Skyline Champion by 6.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 682,259 shares of the company's stock valued at $60,107,000 after acquiring an additional 42,278 shares in the last quarter. Finally, Congress Asset Management Co. lifted its stake in Skyline Champion by 4.0% during the fourth quarter. Congress Asset Management Co. now owns 608,035 shares of the company's stock worth $53,568,000 after purchasing an additional 23,594 shares during the last quarter.
Insider Activity at Skyline Champion
In related news, 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 value of $451,750.35. Following the completion of the transaction, the executive vice president now owns 39,411 shares in the company, valued at $4,107,020.31. This represents a 9.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Timothy A. Burkhardt sold 3,823 shares of the business's stock in a transaction dated Tuesday, February 11th. The stock was 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 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 owned by insiders.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on SKY shares. Barclays dropped their target price on shares of Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada increased their price objective on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 6th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $88.40.
Check Out Our Latest Stock Report on SKY
Skyline Champion Stock Performance
Shares of Skyline Champion stock traded up $0.43 during trading on Tuesday, hitting $83.05. 43,203 shares of the stock were exchanged, compared to its average volume of 570,281. The stock has a market cap of $4.76 billion, a PE ratio of 29.24 and a beta of 1.41. The stock's fifty day moving average is $96.19 and its 200 day moving average is $95.36. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59.
Skyline Champion (NYSE:SKY - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, beating 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, sell-side analysts anticipate that Skyline Champion Co. will post 3.63 EPS for the current year.
About Skyline Champion
(
Free Report)
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.
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