Proficio Capital Partners LLC purchased a new position in Skyline Champion Co. (NYSE:SKY - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,206 shares of the company's stock, valued at approximately $1,692,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. FMR LLC increased its stake in Skyline Champion by 32.3% in the third quarter. FMR LLC now owns 1,491,907 shares of the company's stock worth $141,507,000 after purchasing an additional 363,885 shares during the period. Principal Financial Group Inc. increased its stake in Skyline Champion by 5,843.2% in the 4th quarter. Principal Financial Group Inc. now owns 256,924 shares of the company's stock worth $22,635,000 after buying an additional 252,601 shares during the period. Bank of New York Mellon Corp lifted its holdings in Skyline Champion by 80.7% during the 4th quarter. Bank of New York Mellon Corp now owns 351,060 shares of the company's stock valued at $30,928,000 after buying an additional 156,757 shares in the last quarter. Cerity Partners LLC boosted its position in Skyline Champion by 118.8% in the 3rd quarter. Cerity Partners LLC now owns 188,767 shares of the company's stock valued at $17,905,000 after buying an additional 102,506 shares during the period. Finally, State Street Corp grew its stake in Skyline Champion by 4.6% in the 3rd quarter. State Street Corp now owns 1,790,962 shares of the company's stock worth $169,873,000 after acquiring an additional 78,733 shares in the last quarter.
Wall Street Analysts Forecast Growth
SKY has been the subject of several research analyst reports. Barclays lifted their price target on shares of Skyline Champion from $90.00 to $106.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Royal Bank of Canada lifted their target price on Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a research report on Thursday, February 6th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $90.20.
Check Out Our Latest Research Report on SKY
Skyline Champion Stock Down 1.1 %
Shares of NYSE SKY traded down $1.10 during midday trading on Monday, reaching $95.46. 562,090 shares of the company's stock traded hands, compared to its average volume of 483,408. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 33.61 and a beta of 1.61. The stock's 50 day simple moving average is $95.79 and its 200-day simple moving average is $95.52. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. Skyline Champion Co. has a one year low of $64.82 and a one year 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 (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.24. Skyline Champion had a return on equity of 13.80% and a net margin of 6.80%. On average, analysts predict that Skyline Champion Co. will post 3.63 EPS for the current fiscal year.
Insider Buying and Selling at Skyline Champion
In other Skyline Champion news, EVP Joseph A. Kimmell sold 4,335 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $104.21, for a total value of $451,750.35. Following the completion of the sale, the executive vice president now directly owns 39,411 shares in the company, valued at approximately $4,107,020.31. This trade represents a 9.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Timothy A. Burkhardt sold 3,823 shares of the business's stock in a transaction dated Tuesday, February 11th. The stock was 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. The trade was a 10.47 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is owned by insiders.
Skyline Champion Profile
(
Free Report)
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.
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