Headlands Technologies LLC Makes New $108,000 Investment in Skyline Champion Co. (NYSE:SKY)

Headlands Technologies LLC bought a new position in shares of Skyline Champion Co. (NYSE:SKY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,223 shares of the company’s stock, valued at approximately $108,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harvest Fund Management Co. Ltd purchased a new position in Skyline Champion in the fourth quarter valued at about $36,000. Quarry LP purchased a new position in shares of Skyline Champion in the 3rd quarter worth approximately $67,000. Venturi Wealth Management LLC bought a new position in shares of Skyline Champion during the 4th quarter worth approximately $112,000. New Age Alpha Advisors LLC purchased a new stake in Skyline Champion during the fourth quarter valued at approximately $176,000. Finally, KBC Group NV boosted its stake in Skyline Champion by 53.9% in the fourth quarter. KBC Group NV now owns 2,288 shares of the company’s stock valued at $202,000 after acquiring an additional 801 shares in the last quarter.

Skyline Champion Stock Performance

Shares of SKY opened at $86.97 on Monday. The stock has a 50-day moving average of $97.78 and a two-hundred day moving average of $95.94. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59. The stock has a market cap of $4.98 billion, a P/E ratio of 30.62 and a beta of 1.41. Skyline Champion Co. has a one year low of $64.82 and a one year high of $116.49.

Skyline Champion (NYSE:SKY) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, topping 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, research analysts predict that Skyline Champion Co. will post 3.63 EPS for the current year.

Insider Buying and Selling

In other Skyline Champion news, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion stock in a transaction dated 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 in the company, valued at approximately $4,107,020.31. This trade represents a 9.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Timothy A. Burkhardt sold 3,823 shares of the company’s 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 completion of the sale, the vice president now owns 32,706 shares in the company, valued at $3,495,290.22. The trade was 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 corporate insiders.

Wall Street Analyst Weigh In

SKY has been the topic of a number of recent analyst reports. Barclays upped 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 increased their price target on Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock 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.