Versor Investments LP Boosts Stake in Skyline Champion Co. (NYSE:SKY)

Versor Investments LP grew its position in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 82.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,536 shares of the company's stock after acquiring an additional 3,398 shares during the quarter. Versor Investments LP's holdings in Skyline Champion were worth $664,000 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 SKY. State Street Corp lifted its position in Skyline Champion by 4.6% in the 3rd quarter. State Street Corp now owns 1,790,962 shares of the company's stock valued at $169,873,000 after acquiring an additional 78,733 shares in the last quarter. FMR LLC grew its stake in shares of Skyline Champion by 32.3% in the 3rd quarter. FMR LLC now owns 1,491,907 shares of the company's stock worth $141,507,000 after acquiring an additional 363,885 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Skyline Champion by 5.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 639,981 shares of the company's stock valued at $60,702,000 after purchasing an additional 33,942 shares during the last quarter. Congress Asset Management Co. lifted its position in shares of Skyline Champion by 4.0% during the fourth quarter. Congress Asset Management Co. now owns 608,035 shares of the company's stock valued at $53,568,000 after purchasing an additional 23,594 shares in the last quarter. Finally, Summit Partners Public Asset Management LLC boosted its stake in shares of Skyline Champion by 23.3% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 404,673 shares of the company's stock worth $38,383,000 after buying an additional 76,573 shares during the last quarter.

Skyline Champion Stock Performance

Shares of SKY stock traded down $0.57 on Tuesday, hitting $99.39. 338,332 shares of the stock were exchanged, compared to its average volume of 477,126. The firm's 50 day moving average is $95.15 and its two-hundred day moving average is $95.25. Skyline Champion Co. has a one year low of $64.82 and a one year high of $116.49. The firm has a market capitalization of $5.69 billion, a PE ratio of 35.21 and a beta of 1.62. The company has a current ratio of 2.59, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY - Get Free Report) last issued its earnings results 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 net margin of 6.80% and a return on equity of 13.80%. Sell-side analysts expect that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, 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 sale, the vice president now directly owns 32,706 shares in the company, valued at $3,495,290.22. This 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 the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $104.21, for a total transaction of $451,750.35. Following the completion of the transaction, the executive vice president now owns 39,411 shares of the company's stock, valued at $4,107,020.31. This trade represents a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SKY shares. Royal Bank of Canada upped their price objective on Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a research note on Thursday, February 6th. 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. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus 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.