Peregrine Capital Management LLC Acquires 17,849 Shares of Skyline Champion Co. (NYSE:SKY)

Peregrine Capital Management LLC raised its stake in Skyline Champion Co. (NYSE:SKY - Free Report) by 15.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,632 shares of the company's stock after buying an additional 17,849 shares during the period. Peregrine Capital Management LLC owned about 0.23% of Skyline Champion worth $11,597,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Truvestments Capital LLC bought a new position in shares of Skyline Champion in the 3rd quarter worth $32,000. Quarry LP bought a new position in shares of Skyline Champion in the 3rd quarter worth $67,000. nVerses Capital LLC bought a new position in shares of Skyline Champion in the 3rd quarter worth $76,000. Venturi Wealth Management LLC bought a new position in shares of Skyline Champion in the 4th quarter worth $112,000. Finally, MML Investors Services LLC bought a new position in shares of Skyline Champion in the 3rd quarter worth $216,000.

Skyline Champion Trading Down 3.3 %

Shares of Skyline Champion stock traded down $3.45 during trading on Friday, reaching $100.05. The company's stock had a trading volume of 369,205 shares, compared to its average volume of 665,556. The company has a market cap of $5.73 billion, a price-to-earnings ratio of 35.23 and a beta of 1.62. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. The firm's 50-day moving average is $94.58 and its two-hundred day moving average is $94.34. Skyline Champion Co. has a 52-week low of $64.82 and a 52-week high of $116.49.

Skyline Champion (NYSE:SKY - Get Free Report) last announced its quarterly 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 net margin of 6.80% and a return on equity of 13.80%. On average, sell-side analysts anticipate that Skyline Champion Co. will post 3.63 earnings per share for the current year.

Insider Buying and Selling at Skyline Champion

In other Skyline Champion news, VP Timothy A. Burkhardt sold 3,823 shares of the company's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total value of $408,564.01. Following the completion of the transaction, the vice president now directly owns 32,706 shares in the company, valued at approximately $3,495,290.22. This represents a 10.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $451,750.35. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on SKY. Barclays increased their price target on shares of 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 upped 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 note on Thursday, February 6th. Finally, Craig Hallum upped their price objective on shares of Skyline Champion from $92.00 to $99.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $90.20.

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.