New Age Alpha Advisors LLC Takes $176,000 Position in Skyline Champion Co. (NYSE:SKY)

New Age Alpha Advisors LLC acquired a new stake in shares of Skyline Champion Co. (NYSE:SKY) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,995 shares of the company’s stock, valued at approximately $176,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd purchased a new stake in Skyline Champion during the 4th quarter valued at $36,000. Quarry LP bought a new position in Skyline Champion in the third quarter valued at about $67,000. Venturi Wealth Management LLC purchased a new position in Skyline Champion in the fourth quarter worth about $112,000. KBC Group NV grew its stake 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 valued at $202,000 after purchasing an additional 801 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of Skyline Champion during the 4th quarter valued at about $210,000.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SKY shares. Barclays boosted their target price on shares of Skyline Champion from $90.00 to $106.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Royal Bank of Canada lifted their target price on 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 investment 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 a consensus target price of $90.20.

Insider Buying and Selling

In related news, VP Timothy A. Burkhardt sold 3,823 shares of the company’s stock in a transaction 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 sale, the vice president now owns 32,706 shares of the company’s stock, valued at $3,495,290.22. This represents a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion stock in a transaction 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 directly owns 39,411 shares of the company’s stock, valued at $4,107,020.31. The trade was a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.90% of the stock is owned by company insiders.

Skyline Champion Stock Performance

NYSE SKY opened at $94.92 on Thursday. The business has a 50-day moving average price of $97.89 and a 200-day moving average price of $96.02. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 33.42 and a beta of 1.61. Skyline Champion Co. has a twelve month low of $64.82 and a twelve month high of $116.49. 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 (NYSE:SKY) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.24. Skyline Champion had a net margin of 6.80% and a return on equity of 13.80%. As a group, equities research analysts predict that Skyline Champion Co. will post 3.63 EPS for the current fiscal year.

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.