Peregrine Capital Management LLC Has $11.60 Million Holdings in Skyline Champion Co. (NYSE:SKY)

Peregrine Capital Management LLC raised its position in shares of Skyline Champion Co. (NYSE:SKY) by 15.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 131,632 shares of the company’s stock after buying an additional 17,849 shares during the period. Peregrine Capital Management LLC owned about 0.23% of Skyline Champion worth $11,597,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in Skyline Champion by 137.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 127,307 shares of the company’s stock worth $12,075,000 after acquiring an additional 73,697 shares during the last quarter. Summit Partners Public Asset Management LLC lifted its position 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 in the last quarter. Algert Global LLC grew its stake in shares of Skyline Champion by 164.1% during the third quarter. Algert Global LLC now owns 14,590 shares of the company’s stock valued at $1,384,000 after purchasing an additional 9,066 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Skyline Champion by 26.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 119,154 shares of the company’s stock valued at $10,497,000 after purchasing an additional 24,781 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Skyline Champion in the 3rd quarter worth approximately $2,369,000.

Analysts Set New Price Targets

A number of brokerages have commented on SKY. Royal Bank of Canada increased their price objective 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. Barclays upped their price target on Skyline Champion from $90.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Finally, Craig Hallum lifted their price objective on Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. 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, the company presently has an average rating of “Hold” and a consensus target price of $90.20.

Skyline Champion Stock Performance

Shares of Skyline Champion stock opened at $107.40 on Tuesday. The firm has a fifty day moving average of $94.93 and a two-hundred day moving average of $93.82. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.59. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 37.82 and a beta of 1.62. Skyline Champion Co. has a 52 week low of $64.82 and a 52 week high of $116.49.

Skyline Champion (NYSE:SKY) last released 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%. As a group, equities research analysts predict that Skyline Champion Co. will post 3.54 EPS for the current year.

Insider Activity

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

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.