Townsquare Capital LLC Boosts Stake in Skyline Champion Co. (NYSE:SKY)

Townsquare Capital LLC boosted its stake in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 13.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,185 shares of the company's stock after acquiring an additional 4,096 shares during the quarter. Townsquare Capital LLC owned about 0.06% of Skyline Champion worth $3,100,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in Skyline Champion by 17.3% during the fourth quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company's stock valued at $523,578,000 after acquiring an additional 876,712 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Skyline Champion by 2.9% during the 4th quarter. American Century Companies Inc. now owns 1,411,769 shares of the company's stock worth $124,377,000 after acquiring an additional 39,262 shares during the last quarter. Alliancebernstein L.P. grew its position in Skyline Champion by 4.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,027,194 shares of the company's stock valued at $90,496,000 after acquiring an additional 41,916 shares during the last quarter. Norges Bank purchased a new stake in Skyline Champion in the fourth quarter worth $69,346,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Skyline Champion by 6.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 682,259 shares of the company's stock valued at $60,107,000 after purchasing an additional 42,278 shares during the period.

Skyline Champion Stock Down 3.1 %

NYSE:SKY traded down $2.54 during midday trading on Monday, reaching $79.29. 26,747 shares of the stock traded hands, compared to its average volume of 529,699. The business has a 50-day moving average of $94.31 and a two-hundred day moving average of $94.98. The stock has a market capitalization of $4.54 billion, a PE ratio of 27.99 and a beta of 1.41. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59. Skyline Champion Co. has a 12-month low of $64.82 and a 12-month high of $116.49.

Skyline Champion (NYSE:SKY - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, beating 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%. On average, equities analysts forecast that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

Insider Transactions at Skyline Champion

In other news, EVP Joseph A. Kimmell sold 4,335 shares of the company's stock in a transaction 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 of the company's stock, valued at $4,107,020.31. This represents a 9.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Timothy A. Burkhardt sold 3,823 shares of the company's 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 completion of the sale, the vice president now directly 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 disclosure for this sale can be found here. Insiders own 6.90% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SKY. Royal Bank of Canada lifted their target price 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. Barclays reduced their price target on shares of Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to 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.