Skyline Champion Co. (NYSE:SKY) Shares Acquired by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co raised its position in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 328.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,876 shares of the company's stock after purchasing an additional 43,608 shares during the period. CANADA LIFE ASSURANCE Co owned 0.10% of Skyline Champion worth $5,010,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SKY. Marshall Wace LLP bought a new position in Skyline Champion in the 4th quarter worth approximately $677,000. Jump Financial LLC grew its stake in shares of Skyline Champion by 24.3% in the fourth quarter. Jump Financial LLC now owns 18,193 shares of the company's stock worth $1,603,000 after purchasing an additional 3,561 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Skyline Champion during the fourth quarter valued at $712,000. Barclays PLC raised its stake in shares of Skyline Champion by 0.6% during the fourth quarter. Barclays PLC now owns 111,793 shares of the company's stock valued at $9,847,000 after purchasing an additional 653 shares in the last quarter. Finally, Summit Investment Advisors Inc. lifted its holdings in Skyline Champion by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,613 shares of the company's stock worth $495,000 after purchasing an additional 178 shares during the period.

Insider Buying and Selling

In other news, VP Timothy A. Burkhardt sold 3,823 shares of Skyline Champion stock in a transaction on 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 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 filing with the SEC, which can be accessed through the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $104.21, for a total value of $451,750.35. Following the completion of the transaction, the executive vice president now owns 39,411 shares in the company, valued at $4,107,020.31. This represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by company insiders.

Skyline Champion Stock Up 1.1 %

SKY stock opened at $82.81 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74. The firm has a market cap of $4.74 billion, a PE ratio of 29.16 and a beta of 1.41. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49. The firm has a 50 day simple moving average of $92.77 and a 200 day simple moving average of $94.70.

Skyline Champion (NYSE:SKY - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.24. Skyline Champion had a return on equity of 13.80% and a net margin of 6.80%. Equities research analysts forecast that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SKY shares. Royal Bank of Canada boosted their price target on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Barclays cut their target price on Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Skyline Champion currently has a consensus rating of "Hold" and an average target price of $88.40.

Skyline Champion 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.

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