Handelsbanken Fonder AB Grows Position in Skyline Champion Co. (NYSE:SKY)

Handelsbanken Fonder AB raised its stake in shares of Skyline Champion Co. (NYSE:SKY) by 15.2% during the fourth quarter, HoldingsChannel reports. The firm owned 15,200 shares of the company’s stock after purchasing an additional 2,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Skyline Champion were worth $1,339,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in SKY. State Street Corp increased its position in shares of Skyline Champion by 4.6% in the 3rd quarter. State Street Corp now owns 1,790,962 shares of the company’s stock valued at $169,873,000 after acquiring an additional 78,733 shares during the period. FMR LLC grew its stake in Skyline Champion by 32.3% during the 3rd quarter. FMR LLC now owns 1,491,907 shares of the company’s stock valued at $141,507,000 after purchasing an additional 363,885 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Skyline Champion by 5.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 639,981 shares of the company’s stock valued at $60,702,000 after purchasing an additional 33,942 shares during the period. Congress Asset Management Co. raised its stake in shares of Skyline Champion by 4.0% in the fourth quarter. Congress Asset Management Co. now owns 608,035 shares of the company’s stock worth $53,568,000 after purchasing an additional 23,594 shares during the last quarter. Finally, Summit Partners Public Asset Management LLC lifted its holdings in shares of Skyline Champion by 23.3% during the third quarter. Summit Partners Public Asset Management LLC now owns 404,673 shares of the company’s stock worth $38,383,000 after purchasing an additional 76,573 shares during the period.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Craig Hallum increased their price target on shares of Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Barclays upped 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. Finally, Royal Bank of Canada boosted their target price on shares of 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 equities 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 has a consensus rating of “Hold” and a consensus target price of $90.20.

Skyline Champion Price Performance

Shares of NYSE SKY opened at $103.04 on Thursday. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74. The firm’s 50 day simple moving average is $94.74 and its 200-day simple moving average is $94.89. The stock has a market capitalization of $5.90 billion, a price-to-earnings ratio of 36.28 and a beta of 1.62.

Skyline Champion (NYSE:SKY) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) 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%. Analysts expect that Skyline Champion Co. will post 3.63 EPS for the current year.

Insider Buying and Selling

In related news, VP Timothy A. Burkhardt sold 3,823 shares of the business’s 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of the firm’s stock in a transaction 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 in the company, valued at $4,107,020.31. The trade was 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.

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.