Vista Finance LLC Acquires New Position in Skyline Champion Co. (NYSE:SKY)

Vista Finance LLC purchased a new position in Skyline Champion Co. (NYSE:SKY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,620 shares of the company's stock, valued at approximately $319,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Truvestments Capital LLC acquired a new stake in Skyline Champion during the 3rd quarter valued at $32,000. Quarry LP purchased a new stake in shares of Skyline Champion in the third quarter valued at $67,000. nVerses Capital LLC purchased a new stake in shares of Skyline Champion in the third quarter valued at $76,000. KBC Group NV grew its position in shares of Skyline Champion by 53.9% in the fourth quarter. KBC Group NV now owns 2,288 shares of the company's stock valued at $202,000 after purchasing an additional 801 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of Skyline Champion in the fourth quarter valued at $210,000.

Skyline Champion Trading Down 0.9 %

Skyline Champion stock traded down $0.97 during midday trading on Wednesday, reaching $103.94. The stock had a trading volume of 916,573 shares, compared to its average volume of 677,051. Skyline Champion Co. has a twelve month low of $64.82 and a twelve month high of $116.49. The stock has a market capitalization of $5.95 billion, a PE ratio of 36.60 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 stock's 50-day simple moving average is $94.88 and its 200 day simple moving average is $94.03.

Skyline Champion (NYSE:SKY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, topping 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%. Analysts expect that Skyline Champion Co. will post 3.63 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SKY. Royal Bank of Canada lifted 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. Barclays lifted their price objective on Skyline Champion from $90.00 to $106.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Finally, Craig Hallum lifted their target price on Skyline Champion from $92.00 to $99.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $90.20.

Insiders Place Their Bets

In other news, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Timothy A. Burkhardt sold 3,823 shares of Skyline Champion stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total value of $408,564.01. Following 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. 6.90% of the stock is currently owned by insiders.

Skyline Champion Company 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.