Victory Capital Management Inc. Increases Holdings in Skyline Champion Co. (NYSE:SKY)

Victory Capital Management Inc. raised its position in Skyline Champion Co. (NYSE:SKY - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 379,595 shares of the company's stock after purchasing an additional 33,971 shares during the period. Victory Capital Management Inc. owned 0.66% of Skyline Champion worth $33,442,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. SkyView Investment Advisors LLC lifted its holdings in shares of Skyline Champion by 2.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,243 shares of the company's stock worth $592,000 after acquiring an additional 132 shares during the last quarter. Verdence Capital Advisors LLC raised its position in Skyline Champion by 5.1% during the third quarter. Verdence Capital Advisors LLC now owns 3,514 shares of the company's stock valued at $333,000 after purchasing an additional 171 shares in the last quarter. Ulland Investment Advisors LLC lifted its stake in Skyline Champion by 0.3% during the fourth quarter. Ulland Investment Advisors LLC now owns 52,610 shares of the company's stock worth $4,635,000 after purchasing an additional 171 shares during the last quarter. Mirador Capital Partners LP boosted its holdings in shares of Skyline Champion by 0.6% in the 4th quarter. Mirador Capital Partners LP now owns 51,514 shares of the company's stock worth $4,538,000 after purchasing an additional 294 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Skyline Champion by 0.9% during 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.

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Insider Activity at Skyline Champion

In related news, VP Timothy A. Burkhardt sold 3,823 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total value of $408,564.01. Following the completion of the transaction, the vice president now directly owns 32,706 shares in the company, valued at $3,495,290.22. This trade represents a 10.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Joseph A. Kimmell sold 4,335 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $4,107,020.31. This trade represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SKY has been the subject of a number of recent research reports. Barclays boosted their target price on 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 boosted 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. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $90.20.

Skyline Champion Trading Down 1.9 %

Shares of SKY stock traded down $1.79 during mid-day trading on Thursday, reaching $92.27. The stock had a trading volume of 474,971 shares, compared to its average volume of 485,374. The firm has a market capitalization of $5.28 billion, a PE ratio of 32.49 and a beta of 1.61. The stock's 50-day moving average price is $96.17 and its two-hundred day moving average price is $95.58. 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 Co. has a 52-week low of $64.82 and a 52-week 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%. Equities analysts expect that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal 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.