Proficio Capital Partners LLC Invests $1.69 Million in Skyline Champion Co. (NYSE:SKY)

Proficio Capital Partners LLC purchased a new stake in Skyline Champion Co. (NYSE:SKY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,206 shares of the company's stock, valued at approximately $1,692,000.

A number of other hedge funds have also recently bought and sold shares of SKY. Oppenheimer & Co. Inc. bought a new position in shares of Skyline Champion during the 3rd quarter worth about $808,000. Quest Partners LLC lifted its holdings in shares of Skyline Champion by 56.3% during the 3rd quarter. Quest Partners LLC now owns 8,592 shares of the company's stock worth $815,000 after acquiring an additional 3,094 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Skyline Champion during the 3rd quarter worth about $2,369,000. Intech Investment Management LLC bought a new position in shares of Skyline Champion during the 3rd quarter worth about $1,101,000. Finally, Integrated Investment Consultants LLC lifted its holdings in shares of Skyline Champion by 112.3% during the 3rd quarter. Integrated Investment Consultants LLC now owns 108,618 shares of the company's stock worth $10,302,000 after acquiring an additional 57,456 shares during the period.

Insider Buying and Selling at Skyline Champion

In other news, VP Timothy A. Burkhardt sold 3,823 shares of Skyline Champion stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total transaction of $408,564.01. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion stock in a transaction that occurred 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 sale, the executive vice president now owns 39,411 shares of the company's stock, valued at approximately $4,107,020.31. This represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.90% of the company's stock.

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Skyline Champion Price Performance

Shares of Skyline Champion stock traded down $0.69 during mid-day trading on Friday, reaching $94.25. 1,024,763 shares of the stock were exchanged, compared to its average volume of 490,129. The company has a market cap of $5.40 billion, a price-to-earnings ratio of 33.19 and a beta of 1.61. The company has a current ratio of 2.59, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. The firm has a 50-day simple moving average of $97.06 and a 200 day simple moving average of $95.68. Skyline Champion Co. has a fifty-two week low of $64.82 and a fifty-two week high of $116.49.

Skyline Champion (NYSE:SKY - Get Free Report) last posted its quarterly earnings data 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 predict that Skyline Champion Co. will post 3.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays raised their price objective 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 raised their price objective on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $90.20.

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.