Wells Fargo & Company MN Buys 7,415 Shares of Skyline Champion Co. (NYSE:SKY)

Wells Fargo & Company MN lifted its position in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 128,570 shares of the company's stock after acquiring an additional 7,415 shares during the period. Wells Fargo & Company MN owned approximately 0.22% of Skyline Champion worth $11,327,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd acquired a new position in shares of Skyline Champion during the 4th quarter worth $36,000. Headlands Technologies LLC bought a new position in shares of Skyline Champion in the fourth quarter worth about $108,000. Venturi Wealth Management LLC bought a new stake in shares of Skyline Champion during the 4th quarter valued at approximately $112,000. New Age Alpha Advisors LLC bought a new position in Skyline Champion in the 4th quarter valued at approximately $176,000. Finally, MML Investors Services LLC acquired a new stake in Skyline Champion in the third quarter valued at approximately $216,000.

Analysts Set New Price Targets

A number of brokerages have recently commented on SKY. Barclays cut their price target on Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. 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 research 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $88.40.

Insiders Place Their Bets

In other Skyline Champion news, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion stock in a transaction dated 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 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 SEC, which is accessible through this link. Also, VP Timothy A. Burkhardt sold 3,823 shares of the company's stock in a transaction that occurred on 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 owns 32,706 shares in the company, valued at approximately $3,495,290.22. The trade was a 10.47 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.90% of the company's stock.

Skyline Champion Stock Up 1.8 %

Shares of Skyline Champion stock traded up $1.42 during trading hours on Friday, reaching $81.93. The company's stock had a trading volume of 346,217 shares, compared to its average volume of 530,700. 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 fifty day simple moving average is $94.31 and its two-hundred day simple moving average is $94.97. The company has a market capitalization of $4.69 billion, a P/E ratio of 28.85 and a beta of 1.41. Skyline Champion Co. has a one year low of $64.82 and a one year high of $116.49.

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%. On average, research analysts forecast that Skyline Champion Co. will post 3.63 earnings per share for the current year.

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.