Alliancebernstein L.P. Acquires 41,916 Shares of Skyline Champion Co. (NYSE:SKY)

Alliancebernstein L.P. grew its position in Skyline Champion Co. (NYSE:SKY - Free Report) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,027,194 shares of the company's stock after acquiring an additional 41,916 shares during the period. Alliancebernstein L.P. owned 1.79% of Skyline Champion worth $90,496,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. BNP Paribas Financial Markets raised its position in Skyline Champion by 0.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 33,894 shares of the company's stock valued at $3,215,000 after purchasing an additional 299 shares during the last quarter. Walleye Capital LLC raised its holdings in shares of Skyline Champion by 44.3% in the third quarter. Walleye Capital LLC now owns 13,098 shares of the company's stock valued at $1,242,000 after buying an additional 4,020 shares during the last quarter. Captrust Financial Advisors lifted its position in Skyline Champion by 15.1% during the 3rd quarter. Captrust Financial Advisors now owns 11,744 shares of the company's stock worth $1,114,000 after buying an additional 1,545 shares in the last quarter. Verition Fund Management LLC grew its holdings in Skyline Champion by 360.1% during the 3rd quarter. Verition Fund Management LLC now owns 24,129 shares of the company's stock worth $2,289,000 after acquiring an additional 18,885 shares during the last quarter. Finally, Centiva Capital LP acquired a new stake in Skyline Champion in the 3rd quarter valued at about $896,000.

Insider Buying and Selling at Skyline Champion

In other news, VP Timothy A. Burkhardt sold 3,823 shares of Skyline Champion stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total transaction of $408,564.01. Following the transaction, the vice president now directly owns 32,706 shares of the company's stock, 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 document filed with the SEC, which is available through this hyperlink. Also, EVP Joseph A. Kimmell sold 4,335 shares of the business'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 directly owns 39,411 shares of the company's stock, 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. Insiders own 6.90% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SKY shares. Barclays upped their target price on shares of Skyline Champion from $90.00 to $106.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Royal Bank of Canada increased their price objective on 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 investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $90.20.

Skyline Champion Trading Up 3.0 %

Shares of SKY traded up $2.52 on Tuesday, reaching $86.07. 108,321 shares of the company's stock were exchanged, compared to its average volume of 518,947. The business has a 50 day moving average price of $97.62 and a two-hundred day moving average price of $95.86. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49. The stock has a market capitalization of $4.93 billion, a P/E ratio of 30.31 and a beta of 1.41. 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 EPS for the quarter, beating the consensus estimate of $0.80 by $0.24. Skyline Champion had a net margin of 6.80% and a return on equity of 13.80%. Research analysts anticipate that Skyline Champion Co. will post 3.63 earnings per share for the current year.

About Skyline Champion

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.