XTX Topco Ltd Invests $712,000 in Skyline Champion Co. (NYSE:SKY)

XTX Topco Ltd acquired a new position in shares of Skyline Champion Co. (NYSE:SKY - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 8,082 shares of the company's stock, valued at approximately $712,000.

A number of other hedge funds have also recently made changes to their positions in SKY. Harvest Fund Management Co. Ltd purchased a new stake in Skyline Champion in the fourth quarter valued at about $36,000. Sterling Capital Management LLC raised its stake in Skyline Champion by 645.5% in the fourth quarter. Sterling Capital Management LLC now owns 917 shares of the company's stock valued at $81,000 after buying an additional 794 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Skyline Champion in the fourth quarter valued at about $108,000. Venturi Wealth Management LLC acquired a new position in shares of Skyline Champion in the fourth quarter valued at about $112,000. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Skyline Champion in the fourth quarter valued at about $176,000.

Skyline Champion Stock Performance

Skyline Champion stock traded up $2.49 during midday trading on Wednesday, hitting $84.43. 79,114 shares of the company were exchanged, compared to its average volume of 530,213. The firm has a market capitalization of $4.84 billion, a PE ratio of 29.73 and a beta of 1.41. Skyline Champion Co. has a fifty-two week low of $64.82 and a fifty-two week high of $116.49. The business has a fifty day simple moving average of $93.27 and a two-hundred day simple moving average of $94.78. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59.

Skyline Champion (NYSE:SKY - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, topping the consensus estimate 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, sell-side analysts forecast that Skyline Champion Co. will post 3.63 earnings per share for the current year.

Insider Buying and Selling

In other Skyline Champion news, EVP Joseph A. Kimmell sold 4,335 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $104.21, for a total value 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. This trade represents a 9.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Timothy A. Burkhardt sold 3,823 shares of the firm'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 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 owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SKY. Barclays cut their price objective on Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada increased their price objective on 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $88.40.

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.