Cibc World Markets Corp Acquires Shares of 5,020 Skyline Champion Co. (NYSE:SKY)

Cibc World Markets Corp acquired a new stake in Skyline Champion Co. (NYSE:SKY) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,020 shares of the company’s stock, valued at approximately $442,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SKY. Truvestments Capital LLC acquired a new stake in shares of Skyline Champion during the 3rd quarter worth approximately $32,000. Quarry LP acquired a new stake in shares of Skyline Champion during the 3rd quarter worth approximately $67,000. Venturi Wealth Management LLC acquired a new stake in shares of Skyline Champion during the 4th quarter worth approximately $112,000. KBC Group NV increased its holdings in shares of Skyline Champion by 53.9% during the 4th 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 last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of Skyline Champion during the 4th quarter worth approximately $210,000.

Wall Street Analysts Forecast Growth

SKY has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of Skyline Champion from $90.00 to $106.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Royal Bank of Canada increased 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 equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $90.20.

Insider Buying and Selling at Skyline Champion

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 shares were sold at an average price of $104.21, for a total value of $451,750.35. Following the completion of the transaction, the executive vice president now owns 39,411 shares of the company’s stock, valued at $4,107,020.31. This trade represents a 9.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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 transaction of $408,564.01. Following the completion of the transaction, the vice president now directly owns 32,706 shares of the company’s stock, valued at $3,495,290.22. This represents a 10.47 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by corporate insiders.

Skyline Champion Stock Performance

NYSE:SKY opened at $94.25 on Monday. 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 $5.40 billion, a P/E ratio of 33.19 and a beta of 1.61. The company has a 50 day moving average price of $97.06 and a 200 day moving average price of $95.72. Skyline Champion Co. has a fifty-two week low of $64.82 and a fifty-two week high of $116.49.

Skyline Champion (NYSE:SKY) last posted its quarterly earnings data 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 net margin of 6.80% and a return on equity of 13.80%. Equities research analysts forecast that Skyline Champion Co. will post 3.63 EPS 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.