Amalgamated Bank Boosts Holdings in Skyline Champion Co. (NYSE:SKY)

Amalgamated Bank raised its stake in shares of Skyline Champion Co. (NYSE:SKY) by 746.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,491 shares of the company’s stock after acquiring an additional 13,661 shares during the period. Amalgamated Bank’s holdings in Skyline Champion were worth $1,365,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of SKY. Van ECK Associates Corp grew its holdings in Skyline Champion by 40.0% during the third quarter. Van ECK Associates Corp now owns 32,924 shares of the company’s stock worth $2,968,000 after acquiring an additional 9,408 shares during the period. Olympiad Research LP acquired a new stake in shares of Skyline Champion during the 3rd quarter worth approximately $348,000. Kornitzer Capital Management Inc. KS increased its holdings in shares of Skyline Champion by 0.5% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 175,250 shares of the company’s stock valued at $16,622,000 after purchasing an additional 875 shares in the last quarter. Portside Wealth Group LLC increased its holdings in shares of Skyline Champion by 10.0% during the 3rd quarter. Portside Wealth Group LLC now owns 3,339 shares of the company’s stock valued at $317,000 after purchasing an additional 304 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its stake in shares of Skyline Champion by 5.1% in the 3rd 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 during the period.

Skyline Champion Stock Performance

NYSE:SKY opened at $99.85 on Tuesday. 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 has a market capitalization of $5.72 billion, a PE ratio of 35.16 and a beta of 1.62. Skyline Champion Co. has a fifty-two week low of $64.82 and a fifty-two week high of $116.49. The company has a fifty day moving average of $95.15 and a two-hundred day moving average of $95.25.

Skyline Champion (NYSE:SKY) last released its earnings results 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 net margin of 6.80% and a return on equity of 13.80%. As a group, research analysts forecast that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Barclays lifted their price objective on shares of Skyline Champion from $90.00 to $106.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Royal Bank of Canada lifted their price target on Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $90.20.

Insider Buying and Selling at Skyline Champion

In other news, EVP Joseph A. Kimmell sold 4,335 shares of the company’s stock in a transaction on Monday, February 10th. The shares were 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 of the company’s stock, valued at $4,107,020.31. This represents a 9.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Timothy A. Burkhardt sold 3,823 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total transaction of $408,564.01. Following the completion of the transaction, the vice president now directly owns 32,706 shares in the company, valued at approximately $3,495,290.22. This represents a 10.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.90% of the company’s stock.

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.