DnB Asset Management AS Takes $213,000 Position in Skyline Champion Co. (NYSE:SKY)

DnB Asset Management AS purchased a new stake in Skyline Champion Co. (NYSE:SKY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,417 shares of the company’s stock, valued at approximately $213,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SKY. SkyView Investment Advisors LLC grew its stake in Skyline Champion by 2.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,243 shares of the company’s stock valued at $592,000 after acquiring an additional 132 shares in the last quarter. Ulland Investment Advisors LLC grew its position in Skyline Champion by 0.3% during the fourth quarter. Ulland Investment Advisors LLC now owns 52,610 shares of the company’s stock valued at $4,635,000 after purchasing an additional 171 shares in the last quarter. HighTower Advisors LLC grew its position in Skyline Champion by 3.7% during the fourth quarter. HighTower Advisors LLC now owns 5,019 shares of the company’s stock valued at $442,000 after purchasing an additional 180 shares in the last quarter. Atria Investments Inc lifted its position in Skyline Champion by 5.7% in the 4th quarter. Atria Investments Inc now owns 3,726 shares of the company’s stock worth $328,000 after buying an additional 202 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Skyline Champion by 3.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,745 shares of the company’s stock valued at $506,000 after buying an additional 213 shares during the period.

Analyst Upgrades and Downgrades

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

Skyline Champion Stock Up 2.5 %

SKY stock opened at $94.92 on Thursday. The company has a current ratio of 2.59, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. The firm has a market cap of $5.44 billion, a PE ratio of 33.42 and a beta of 1.61. Skyline Champion Co. has a 1 year low of $64.82 and a 1 year high of $116.49. The company has a fifty day simple moving average of $97.89 and a 200 day simple moving average of $96.02.

Skyline Champion (NYSE:SKY) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, beating 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%. Sell-side analysts anticipate that Skyline Champion Co. will post 3.63 EPS for the current fiscal year.

Insider Buying and Selling at Skyline Champion

In other news, VP Timothy A. Burkhardt sold 3,823 shares of Skyline Champion stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total value of $408,564.01. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the executive vice president now directly owns 39,411 shares in the company, valued at $4,107,020.31. This trade represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.90% of the company’s stock.

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.