20,090 Shares in Skyline Champion Co. (NYSE:SKY) Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC bought a new stake in Skyline Champion Co. (NYSE:SKY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,090 shares of the company's stock, valued at approximately $1,770,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new position in shares of Skyline Champion during the third quarter worth about $32,000. Quarry LP acquired a new position in shares of Skyline Champion during the third quarter worth about $67,000. nVerses Capital LLC acquired a new position in shares of Skyline Champion during the third quarter worth about $76,000. KBC Group NV boosted its position in shares of Skyline Champion by 53.9% during the fourth quarter. KBC Group NV now owns 2,288 shares of the company's stock worth $202,000 after buying an additional 801 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Skyline Champion during the fourth quarter worth about $210,000.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SKY. Barclays increased their price target 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. Craig Hallum increased their price target on Skyline Champion from $92.00 to $99.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada increased their price target 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. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $90.20.

Insider Buying and Selling at Skyline Champion

In other news, VP Timothy A. Burkhardt sold 3,823 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total transaction of $408,564.01. Following the transaction, the vice president now owns 32,706 shares in the company, valued at approximately $3,495,290.22. This trade represents a 10.47 % 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 link. Also, EVP Joseph A. Kimmell sold 4,335 shares of the 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 transaction, 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. Corporate insiders own 6.90% of the company's stock.

Skyline Champion Stock Performance

NYSE:SKY traded down $0.74 on Friday, hitting $107.40. The company's stock had a trading volume of 332,639 shares, compared to its average volume of 621,433. The company has a current ratio of 2.59, a quick ratio of 1.64 and a debt-to-equity ratio of 0.02. The stock has a fifty day moving average of $94.95 and a two-hundred day moving average of $93.53. The firm has a market capitalization of $6.15 billion, a P/E ratio of 37.82 and a beta of 1.62. 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 released its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) for the quarter, beating 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%. Research analysts predict that Skyline Champion Co. will post 3.54 earnings per share for the current 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.