Intech Investment Management LLC Purchases 10,139 Shares of Skyline Champion Co. (NYSE:SKY)

Intech Investment Management LLC boosted its holdings in shares of Skyline Champion Co. (NYSE:SKY) by 87.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,743 shares of the company’s stock after purchasing an additional 10,139 shares during the quarter. Intech Investment Management LLC’s holdings in Skyline Champion were worth $1,916,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Truvestments Capital LLC purchased a new position in Skyline Champion in the third quarter worth about $32,000. Quarry LP bought a new position in Skyline Champion during the third quarter valued at $67,000. Venturi Wealth Management LLC purchased a new stake in shares of Skyline Champion in the fourth quarter valued at $112,000. KBC Group NV lifted its holdings in shares of Skyline Champion by 53.9% in the 4th quarter. KBC Group NV now owns 2,288 shares of the company’s stock worth $202,000 after acquiring an additional 801 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Skyline Champion in the 4th quarter valued at $210,000.

Skyline Champion Stock Down 0.5 %

SKY stock opened at $94.94 on Friday. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 33.43 and a beta of 1.61. 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 50-day moving average of $96.89 and a two-hundred day moving average of $95.63.

Skyline Champion (NYSE:SKY) last posted its earnings results 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 net margin of 6.80% and a return on equity of 13.80%. As a group, analysts forecast that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Skyline Champion

In related news, VP Timothy A. Burkhardt sold 3,823 shares of the company’s stock in a transaction that occurred 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 directly owns 32,706 shares of the company’s stock, valued at $3,495,290.22. This represents a 10.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph A. Kimmell sold 4,335 shares of the business’s 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 owns 39,411 shares of the company’s stock, valued at approximately $4,107,020.31. This trade represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on SKY shares. Barclays raised 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 increased their price target on shares of 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 assigned a buy rating to the stock. According to MarketBeat.com, Skyline Champion presently has an average rating of “Hold” and a consensus price target of $90.20.

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.