KLP Kapitalforvaltning AS Acquires Shares of 11,300 Skyline Champion Co. (NYSE:SKY)

KLP Kapitalforvaltning AS acquired a new stake in Skyline Champion Co. (NYSE:SKY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,300 shares of the company's stock, valued at approximately $996,000.

Several other large investors have also recently added to or reduced their stakes in SKY. Citigroup Inc. raised its stake in shares of Skyline Champion by 63.3% in the third quarter. Citigroup Inc. now owns 79,668 shares of the company's stock valued at $7,557,000 after acquiring an additional 30,892 shares in the last quarter. FMR LLC grew its position in shares of Skyline Champion by 32.3% during the third quarter. FMR LLC now owns 1,491,907 shares of the company's stock worth $141,507,000 after buying an additional 363,885 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Skyline Champion by 0.9% during the third quarter. BNP Paribas Financial Markets now owns 33,894 shares of the company's stock worth $3,215,000 after buying an additional 299 shares in the last quarter. Walleye Capital LLC raised its holdings in Skyline Champion by 44.3% in the third quarter. Walleye Capital LLC now owns 13,098 shares of the company's stock valued at $1,242,000 after acquiring an additional 4,020 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in Skyline Champion by 15.1% in the third quarter. Captrust Financial Advisors now owns 11,744 shares of the company's stock valued at $1,114,000 after acquiring an additional 1,545 shares in the last quarter.

Analysts Set New Price Targets

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

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Skyline Champion Stock Up 2.0 %

Shares of Skyline Champion stock traded up $1.81 during trading hours on Wednesday, hitting $94.42. The company had a trading volume of 256,777 shares, compared to its average volume of 566,685. The company's 50-day moving average is $97.79 and its two-hundred day moving average is $96.03. 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 current ratio of 2.59 and a quick ratio of 1.74. The company has a market cap of $5.41 billion, a P/E ratio of 33.25 and a beta of 1.61.

Skyline Champion (NYSE:SKY - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.24. Skyline Champion had a return on equity of 13.80% and a net margin of 6.80%. Analysts anticipate that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

Insider Transactions at Skyline Champion

In other Skyline Champion news, VP Timothy A. Burkhardt sold 3,823 shares of Skyline Champion stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total value of $408,564.01. Following the transaction, the vice president now directly owns 32,706 shares in the company, valued at approximately $3,495,290.22. This trade represents a 10.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph A. Kimmell sold 4,335 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president now owns 39,411 shares of the company's stock, valued at $4,107,020.31. This trade represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.90% of the company's stock.

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.