Raymond James Financial Inc. purchased a new stake in shares of Skyline Champion Co. (NYSE:SKY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 73,247 shares of the company's stock, valued at approximately $6,453,000. Raymond James Financial Inc. owned 0.13% of Skyline Champion as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Truvestments Capital LLC bought a new position in shares of Skyline Champion during the 3rd quarter valued at approximately $32,000. Quarry LP purchased 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 during the 4th quarter valued at $112,000. KBC Group NV lifted its stake in shares of 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 buying an additional 801 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in Skyline Champion in the 4th quarter worth $210,000.
Insider Buying and Selling at Skyline Champion
In related news, VP Timothy A. Burkhardt sold 3,823 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total value of $408,564.01. Following the completion of the sale, the vice president now owns 32,706 shares in the company, valued at approximately $3,495,290.22. The trade was a 10.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 value of $451,750.35. Following the completion of the sale, the executive vice president now owns 39,411 shares of the company's stock, valued at $4,107,020.31. This 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.
Wall Street Analyst Weigh In
A number of research firms recently commented on SKY. Royal Bank of Canada boosted their price target on Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Barclays raised their target price on shares of Skyline Champion from $90.00 to $106.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $90.20.
Check Out Our Latest Report on SKY
Skyline Champion Trading Down 0.4 %
Shares of Skyline Champion stock traded down $0.35 on Thursday, reaching $96.76. The company had a trading volume of 222,794 shares, compared to its average volume of 487,912. The firm's 50-day moving average price is $97.51 and its two-hundred day moving average price is $95.85. Skyline Champion Co. has a 1 year low of $64.82 and a 1 year high of $116.49. The firm has a market cap of $5.54 billion, a price-to-earnings ratio of 34.07 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 (NYSE:SKY - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 EPS 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%. As a group, research analysts predict that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.
Skyline Champion Profile
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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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