Bank of Montreal Can Acquires 5,212 Shares of Skyline Champion Co. (NYSE:SKY)

Bank of Montreal Can increased its position in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 131.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,167 shares of the company's stock after purchasing an additional 5,212 shares during the quarter. Bank of Montreal Can's holdings in Skyline Champion were worth $808,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new stake in Skyline Champion during the fourth quarter worth about $36,000. Headlands Technologies LLC acquired a new position in shares of Skyline Champion in the 4th quarter worth approximately $108,000. Venturi Wealth Management LLC bought a new stake in Skyline Champion during the 4th quarter worth approximately $112,000. New Age Alpha Advisors LLC acquired a new stake in Skyline Champion during the 4th quarter valued at $176,000. Finally, KBC Group NV raised its position in Skyline Champion by 53.9% in the 4th quarter. KBC Group NV now owns 2,288 shares of the company's stock valued at $202,000 after purchasing an additional 801 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Barclays lowered their target price on Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Royal Bank of Canada raised their price objective on shares of Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a research report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $88.40.

Insider Buying and Selling

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 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. This trade represents a 10.47 % decrease in their ownership of the stock. The sale was disclosed in a filing 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 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 sale, the executive vice president now directly owns 39,411 shares of the company's stock, valued at approximately $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. 6.90% of the stock is owned by insiders.

Skyline Champion Trading Up 1.7 %

Shares of SKY traded up $1.43 during trading hours on Thursday, hitting $84.01. 47,323 shares of the stock traded hands, compared to its average volume of 530,782. The business has a fifty day moving average of $92.77 and a 200-day moving average of $94.70. The company has a current ratio of 2.59, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $4.81 billion, a PE ratio of 29.55 and a beta of 1.41. Skyline Champion Co. has a 1-year low of $64.82 and a 1-year high of $116.49.

Skyline Champion (NYSE:SKY - Get Free Report) last released its 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%. Analysts expect that Skyline Champion Co. will post 3.63 EPS for the current year.

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.