Skyline Champion Co. (NYSE:SKY) Shares Acquired by Versor Investments LP

Versor Investments LP boosted its stake in shares of Skyline Champion Co. (NYSE:SKY) by 82.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,536 shares of the company’s stock after purchasing an additional 3,398 shares during the quarter. Versor Investments LP’s holdings in Skyline Champion were worth $664,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SKY. Truvestments Capital LLC acquired a new position in Skyline Champion during the 3rd quarter valued at approximately $32,000. Quarry LP acquired a new position in Skyline Champion during the 3rd quarter valued at approximately $67,000. Venturi Wealth Management LLC acquired a new position in Skyline Champion during the 4th quarter valued at approximately $112,000. KBC Group NV boosted its position in Skyline Champion by 53.9% during the 4th quarter. KBC Group NV now owns 2,288 shares of the company’s stock valued at $202,000 after purchasing an additional 801 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Skyline Champion during the 4th quarter valued at approximately $210,000.

Analyst Ratings Changes

A number of research analysts have issued reports on SKY shares. Barclays boosted 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 boosted their price target on 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 analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Skyline Champion currently has an average rating of “Hold” and an average price target of $90.20.

Skyline Champion Trading Up 1.6 %

Shares of Skyline Champion stock opened at $102.52 on Friday. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 36.10 and a beta of 1.62. The business has a fifty day simple moving average of $94.98 and a 200-day simple moving average of $95.06. 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 announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.24. Skyline Champion had a return on equity of 13.80% and a net margin of 6.80%. On average, equities analysts forecast that Skyline Champion Co. will post 3.63 EPS for the current fiscal year.

Insider Activity

In other news, EVP Joseph A. Kimmell sold 4,335 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $104.21, for a total value of $451,750.35. Following the completion of the sale, the executive vice president now owns 39,411 shares in the company, valued at $4,107,020.31. This represents a 9.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Timothy A. Burkhardt sold 3,823 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total value of $408,564.01. Following the sale, the vice president now directly owns 32,706 shares in the company, valued at $3,495,290.22. This trade 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.

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.