Royce & Associates LP cut its stake in Skyline Champion Co. (NYSE:SKY - Free Report) by 8.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 280,781 shares of the company's stock after selling 25,636 shares during the period. Royce & Associates LP owned about 0.49% of Skyline Champion worth $24,737,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. boosted its stake in Skyline Champion by 8.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 8,785 shares of the company's stock worth $833,000 after buying an additional 718 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Skyline Champion in the 3rd quarter valued at $808,000. Quest Partners LLC grew 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 valued at $815,000 after purchasing an additional 3,094 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Skyline Champion in the 3rd quarter worth $2,369,000. Finally, Intech Investment Management LLC bought a new stake in Skyline Champion in the third quarter worth $1,101,000.
Skyline Champion Trading Down 0.5 %
Shares of Skyline Champion stock traded down $0.50 during trading on Thursday, reaching $94.94. 409,153 shares of the stock were exchanged, compared to its average volume of 485,708. 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 $5.44 billion, a price-to-earnings ratio of 33.43 and a beta of 1.61. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. The stock's fifty day moving average is $96.74 and its 200 day moving average is $95.64.
Skyline Champion (NYSE:SKY - Get Free Report) last issued its quarterly earnings data 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 return on equity of 13.80% and a net margin of 6.80%. As a group, equities research analysts expect that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the company. Barclays raised their price objective on 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 raised their price target on Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Skyline Champion has a consensus rating of "Hold" and an average price target of $90.20.
Read Our Latest Stock Report on SKY
Insider Activity at Skyline Champion
In other Skyline Champion news, VP Timothy A. Burkhardt sold 3,823 shares of the firm's stock in a transaction dated Tuesday, February 11th. The shares were 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 directly owns 32,706 shares in the company, valued at $3,495,290.22. This trade represents a 10.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 shares were 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. The trade was 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 company insiders.
Skyline Champion Company 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.
Further Reading
Before you consider Skyline Champion, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Skyline Champion wasn't on the list.
While Skyline Champion currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
