Pier Capital LLC Has $8.66 Million Stock Holdings in Skyline Champion Co. (NYSE:SKY)

Pier Capital LLC lifted its stake in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 54.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 98,256 shares of the company's stock after buying an additional 34,730 shares during the quarter. Pier Capital LLC owned about 0.17% of Skyline Champion worth $8,656,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SKY. Truvestments Capital LLC bought a new stake in shares of Skyline Champion during the third quarter worth approximately $32,000. Harvest Fund Management Co. Ltd acquired a new stake in Skyline Champion during the 4th quarter worth approximately $36,000. Quarry LP bought a new stake in Skyline Champion in the 3rd quarter valued at $67,000. Venturi Wealth Management LLC acquired a new position in Skyline Champion in the 4th quarter valued at $112,000. Finally, KBC Group NV increased its position in Skyline Champion by 53.9% during the 4th quarter. KBC Group NV now owns 2,288 shares of the company's stock worth $202,000 after buying an additional 801 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SKY shares. Royal Bank of Canada boosted their target price 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 shares of Skyline Champion from $90.00 to $106.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $90.20.

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Skyline Champion Price Performance

SKY stock traded down $2.57 during midday trading on Friday, reaching $94.03. The company had a trading volume of 303,659 shares, compared to its average volume of 513,863. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 33.11 and a beta of 1.61. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74. Skyline Champion Co. has a 1-year low of $64.82 and a 1-year high of $116.49. The stock has a 50 day moving average price of $97.67 and a 200-day moving average price of $95.97.

Skyline Champion (NYSE:SKY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.24. Skyline Champion had a net margin of 6.80% and a return on equity of 13.80%. Equities research analysts expect that Skyline Champion Co. will post 3.63 earnings per share for the current year.

Insider Buying and Selling at Skyline Champion

In other news, EVP Joseph A. Kimmell sold 4,335 shares of the company's stock in a transaction on Monday, February 10th. The shares were 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 directly owns 39,411 shares in the company, valued at approximately $4,107,020.31. This represents a 9.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Timothy A. Burkhardt sold 3,823 shares of the firm'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 sale, 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 disclosure for this sale can be found here. Company insiders own 6.90% of the company's stock.

Skyline Champion Company 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.