MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Stock Holdings in Skyline Champion Co. (NYSE:SKY)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Skyline Champion Co. (NYSE:SKY) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,548 shares of the company’s stock after acquiring an additional 1,178 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Skyline Champion were worth $2,691,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd purchased a new stake in Skyline Champion during the fourth quarter valued at approximately $36,000. Sterling Capital Management LLC raised its holdings in Skyline Champion by 645.5% in the 4th quarter. Sterling Capital Management LLC now owns 917 shares of the company’s stock worth $81,000 after purchasing an additional 794 shares during the period. Headlands Technologies LLC purchased a new position in Skyline Champion during the fourth quarter valued at $108,000. Venturi Wealth Management LLC bought a new position in shares of Skyline Champion in the fourth quarter worth about $112,000. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Skyline Champion during the 4th quarter valued at about $176,000.

Analysts Set New Price Targets

Several brokerages have weighed in on SKY. Royal Bank of Canada lifted their price target on shares of Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. Barclays cut their target price on Skyline Champion from $106.00 to $97.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $88.40.

Skyline Champion Stock Down 1.1%

SKY opened at $89.49 on Wednesday. The company has a market capitalization of $5.13 billion, a PE ratio of 31.51 and a beta of 1.37. The firm has a 50-day simple moving average of $88.43 and a two-hundred day simple moving average of $94.13. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. Skyline Champion Co. has a 52 week low of $64.82 and a 52 week high of $116.49.

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.