Atria Investments Inc Grows Holdings in Skyline Champion Co. (NYSE:SKY)

Atria Investments Inc boosted its holdings in shares of Skyline Champion Co. (NYSE:SKY) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,726 shares of the company’s stock after acquiring an additional 202 shares during the period. Atria Investments Inc’s holdings in Skyline Champion were worth $328,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in shares of Skyline Champion by 137.5% during the third quarter. JPMorgan Chase & Co. now owns 127,307 shares of the company’s stock valued at $12,075,000 after purchasing an additional 73,697 shares in the last quarter. Summit Partners Public Asset Management LLC increased its position in Skyline Champion by 23.3% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 404,673 shares of the company’s stock valued at $38,383,000 after buying an additional 76,573 shares in the last quarter. Algert Global LLC increased its position in Skyline Champion by 164.1% during the 3rd quarter. Algert Global LLC now owns 14,590 shares of the company’s stock valued at $1,384,000 after buying an additional 9,066 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Skyline Champion by 80.7% during the fourth quarter. Bank of New York Mellon Corp now owns 351,060 shares of the company’s stock valued at $30,928,000 after buying an additional 156,757 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in Skyline Champion by 26.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 119,154 shares of the company’s stock worth $10,497,000 after acquiring an additional 24,781 shares in the last quarter.

Insider Activity at Skyline Champion

In other Skyline Champion news, VP Timothy A. Burkhardt sold 3,823 shares of the business’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 sale, the vice president now directly owns 32,706 shares in the company, valued at $3,495,290.22. The trade was a 10.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction of $451,750.35. Following the completion of the transaction, the executive vice president now owns 39,411 shares in the company, valued at $4,107,020.31. This trade represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SKY has been the subject of several recent analyst reports. Barclays lifted their price target on Skyline Champion from $90.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Royal Bank of Canada lifted their target price on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $90.20.

Skyline Champion Stock Down 1.1 %

SKY stock opened at $93.40 on Tuesday. The stock has a market capitalization of $5.35 billion, a P/E ratio of 32.89 and a beta of 1.61. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74. Skyline Champion Co. has a 1-year low of $64.82 and a 1-year high of $116.49. The business has a fifty day moving average price of $96.47 and a 200-day moving average price of $95.66.

Skyline Champion (NYSE:SKY) last issued its earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share 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%. Equities analysts forecast that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal 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.