Van ECK Associates Corp Has $3.53 Million Stake in Skyline Champion Co. (NYSE:SKY)

Van ECK Associates Corp lifted its holdings in Skyline Champion Co. (NYSE:SKY - Free Report) by 21.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,108 shares of the company's stock after purchasing an additional 7,184 shares during the quarter. Van ECK Associates Corp owned 0.07% of Skyline Champion worth $3,534,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of SKY. FMR LLC lifted its holdings in shares of Skyline Champion by 32.3% during the third 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 during the last quarter. Assenagon Asset Management S.A. acquired a new position in Skyline Champion in the third quarter worth approximately $27,769,000. Cerity Partners LLC raised its position in Skyline Champion by 118.8% during the third quarter. Cerity Partners LLC now owns 188,767 shares of the company's stock valued at $17,905,000 after acquiring an additional 102,506 shares in the last quarter. State Street Corp lifted its stake in Skyline Champion by 4.6% in the third 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 during the last quarter. Finally, Summit Partners Public Asset Management LLC increased its stake in shares of Skyline Champion by 23.3% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 404,673 shares of the company's stock worth $38,383,000 after purchasing an additional 76,573 shares during the last quarter.

Skyline Champion Price Performance

Shares of NYSE:SKY traded down $3.45 during midday trading on Friday, reaching $100.05. 369,205 shares of the company's stock were exchanged, compared to its average volume of 606,504. The firm has a market capitalization of $5.73 billion, a PE ratio of 35.23 and a beta of 1.62. 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's 50 day simple moving average is $94.58 and its two-hundred day simple moving average is $94.34. 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 announced its earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share (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%. Equities research analysts expect that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Skyline Champion news, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion stock in a transaction that occurred 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 transaction, the executive vice president now 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Timothy A. Burkhardt sold 3,823 shares of Skyline Champion stock in a transaction that occurred 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 owns 32,706 shares in the company, valued at $3,495,290.22. This trade represents a 10.47 % 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 Ratings Changes

A number of analysts have weighed in on the stock. Barclays increased their price target on shares of Skyline Champion from $90.00 to $106.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Craig Hallum increased their price target on shares of Skyline Champion from $92.00 to $99.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada increased their price target on shares of Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $90.20.

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.