Loomis Sayles & Co. L P Purchases 97,482 Shares of Skyline Champion Co. (NYSE:SKY)

Loomis Sayles & Co. L P lifted its holdings in Skyline Champion Co. (NYSE:SKY - Free Report) by 54.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 275,991 shares of the company's stock after buying an additional 97,482 shares during the quarter. Loomis Sayles & Co. L P owned about 0.48% of Skyline Champion worth $24,315,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd acquired a new position in Skyline Champion during the fourth quarter valued at approximately $36,000. Quarry LP bought a new position in shares of Skyline Champion in the third quarter valued at $67,000. Venturi Wealth Management LLC bought a new position in shares of Skyline Champion in the fourth quarter valued at $112,000. KBC Group NV raised its position in Skyline Champion by 53.9% during the fourth quarter. KBC Group NV now owns 2,288 shares of the company's stock worth $202,000 after acquiring an additional 801 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in Skyline Champion in the fourth quarter valued at $210,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Barclays lifted their target price on Skyline Champion from $90.00 to $106.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Royal Bank of Canada raised their target price on Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Skyline Champion currently has an average rating of "Hold" and an average price target of $90.20.

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Insider Buying and Selling at Skyline Champion

In related news, VP Timothy A. Burkhardt sold 3,823 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Joseph A. Kimmell sold 4,335 shares of the company's stock in a transaction 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.

Skyline Champion Price Performance

SKY stock traded up $0.86 during trading on Wednesday, reaching $93.47. 135,634 shares of the company were exchanged, compared to its average volume of 513,610. 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 capitalization of $5.35 billion, a price-to-earnings ratio of 32.86 and a beta of 1.61. The company has a 50-day moving average of $97.79 and a two-hundred day moving average of $96.03.

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