Nordea Investment Management AB Has $8.62 Million Holdings in Skyline Champion Co. (NYSE:SKY)

Nordea Investment Management AB increased its position in Skyline Champion Co. (NYSE:SKY - Free Report) by 35.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 96,650 shares of the company's stock after purchasing an additional 25,317 shares during the quarter. Nordea Investment Management AB owned approximately 0.17% of Skyline Champion worth $8,620,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. SkyView Investment Advisors LLC lifted its stake in shares of Skyline Champion by 2.2% during 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 last quarter. CWM LLC boosted its holdings in shares of Skyline Champion by 7.4% during the third quarter. CWM LLC now owns 2,286 shares of the company's stock worth $217,000 after acquiring an additional 158 shares during the period. Verdence Capital Advisors LLC grew its position in shares of Skyline Champion by 5.1% in the third quarter. Verdence Capital Advisors LLC now owns 3,514 shares of the company's stock valued at $333,000 after purchasing an additional 171 shares during the last quarter. BNP Paribas Financial Markets increased its stake 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 purchasing an additional 299 shares during the period. Finally, Portside Wealth Group LLC lifted its holdings in Skyline Champion by 10.0% during the 3rd quarter. Portside Wealth Group LLC now owns 3,339 shares of the company's stock worth $317,000 after purchasing an additional 304 shares during the last quarter.

Analyst Upgrades and Downgrades

SKY has been the topic of several recent research reports. Jefferies Financial Group increased their price objective on Skyline Champion from $79.00 to $86.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Barclays increased their target price on shares of Skyline Champion from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. Craig Hallum lifted their price target on shares of Skyline Champion from $92.00 to $99.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada increased their price target on Skyline Champion from $82.00 to $88.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $85.40.

Skyline Champion Price Performance

Shares of NYSE SKY traded down $0.87 during trading hours on Friday, hitting $86.18. 645,196 shares of the stock were exchanged, compared to its average volume of 926,783. The company's fifty day simple moving average is $96.88 and its two-hundred day simple moving average is $89.44. The company has a market cap of $4.95 billion, a PE ratio of 33.27 and a beta of 1.63. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.42. Skyline Champion Co. has a 1-year low of $64.82 and a 1-year high of $116.49.

Skyline Champion (NYSE:SKY - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.32. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. The company had revenue of $616.88 million for the quarter, compared to analyst estimates of $600.52 million. During the same quarter last year, the company posted $0.82 EPS. The company's revenue for the quarter was up 32.9% compared to the same quarter last year. On average, sell-side analysts predict that Skyline Champion Co. will post 3.43 EPS for the current 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.