Skyline Champion Co. (NYSE:SKY) Shares Acquired by Prudential Financial Inc.

Prudential Financial Inc. boosted its holdings in Skyline Champion Co. (NYSE:SKY - Free Report) by 379.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,519 shares of the company's stock after purchasing an additional 42,366 shares during the period. Prudential Financial Inc. owned about 0.09% of Skyline Champion worth $5,196,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd acquired a new position in shares of Skyline Champion in the 4th quarter valued at approximately $36,000. Quarry LP bought a new stake in shares of Skyline Champion in the third quarter worth $67,000. Venturi Wealth Management LLC bought a new stake in shares of Skyline Champion in the fourth quarter worth $112,000. MML Investors Services LLC acquired a new stake in Skyline Champion in the third quarter valued at $216,000. Finally, KBC Group NV boosted its stake in Skyline Champion by 53.9% during the 4th quarter. KBC Group NV now owns 2,288 shares of the company's stock valued at $202,000 after acquiring an additional 801 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SKY. Barclays boosted 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. Royal Bank of Canada boosted their price objective on Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a report on Thursday, February 6th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $90.20.

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Insider Activity

In other Skyline Champion news, EVP Joseph A. Kimmell sold 4,335 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $104.21, for a total value of $451,750.35. Following 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 this link. Also, VP Timothy A. Burkhardt sold 3,823 shares of the company's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total transaction of $408,564.01. Following the transaction, the vice president now owns 32,706 shares of the company's stock, valued at $3,495,290.22. This represents a 10.47 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.90% of the company's stock.

Skyline Champion Stock Performance

SKY stock traded down $8.53 during trading on Thursday, hitting $86.41. 778,903 shares of the company's stock traded hands, compared to its average volume of 517,060. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 30.43 and a beta of 1.61. Skyline Champion Co. has a 52 week low of $64.82 and a 52 week high of $116.49. The stock has a fifty day moving average price of $97.89 and a two-hundred day moving average price of $96.02. 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 (NYSE:SKY - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, beating 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%. As a group, equities analysts anticipate that Skyline Champion Co. will post 3.63 EPS for the current fiscal year.

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.