US Bancorp DE Purchases 8,890 Shares of Skyline Champion Co. (NYSE:SKY)

US Bancorp DE lifted its stake in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 3,916.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,117 shares of the company's stock after purchasing an additional 8,890 shares during the quarter. US Bancorp DE's holdings in Skyline Champion were worth $803,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. State Street Corp increased its position in Skyline Champion by 4.6% during the 3rd quarter. State Street Corp now owns 1,790,962 shares of the company's stock worth $169,873,000 after purchasing an additional 78,733 shares in the last quarter. FMR LLC raised its position 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 valued at $141,507,000 after purchasing an additional 363,885 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Skyline Champion by 5.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 639,981 shares of the company's stock valued at $60,702,000 after buying an additional 33,942 shares during the last quarter. Congress Asset Management Co. grew 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 worth $53,568,000 after buying an additional 23,594 shares in the last quarter. Finally, Summit Partners Public Asset Management LLC increased its stake in shares of Skyline Champion by 23.3% in the third 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.

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Insider Transactions at Skyline Champion

In other Skyline Champion news, VP Timothy A. Burkhardt sold 3,823 shares of the 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 represents a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $104.21, for a total transaction of $451,750.35. Following the completion of the sale, the executive vice president now owns 39,411 shares of the company's stock, valued at $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. 6.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Royal Bank of Canada raised their price objective on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Barclays boosted their price objective on shares of Skyline Champion from $90.00 to $106.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $90.20.

Skyline Champion Stock Performance

Shares of NYSE:SKY traded down $1.13 on Tuesday, hitting $94.22. The company's stock had a trading volume of 555,112 shares, compared to its average volume of 483,800. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49. The stock's 50-day moving average is $95.93 and its two-hundred day moving average is $95.57. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of 33.18 and a beta of 1.61.

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, 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%. On average, equities research analysts forecast 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.