Bessemer Group Inc. Raises Stake in Skyline Champion Co. (NYSE:SKY)

Bessemer Group Inc. increased its stake in Skyline Champion Co. (NYSE:SKY) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 234,042 shares of the company’s stock after buying an additional 9,319 shares during the period. Bessemer Group Inc. owned 0.41% of Skyline Champion worth $20,620,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

SKY has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price objective on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Barclays cut their price target on shares of Skyline Champion from $106.00 to $97.00 and set an “equal weight” rating on the stock in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $88.40.

Insider Buying and Selling

In other Skyline Champion news, 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 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 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 can be accessed through this link. Also, 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 completion of the sale, the vice president now directly owns 32,706 shares in the company, valued at $3,495,290.22. This trade represents a 10.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by company insiders.

Skyline Champion Stock Performance

Shares of Skyline Champion stock opened at $83.06 on Friday. The company has a 50 day moving average price of $96.86 and a 200 day moving average price of $95.50. The firm has a market capitalization of $4.76 billion, a P/E ratio of 29.25 and a beta of 1.41. 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 Co. has a 52 week low of $64.82 and a 52 week high of $116.49.

Skyline Champion (NYSE:SKY) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.24. Skyline Champion had a net margin of 6.80% and a return on equity of 13.80%. Sell-side analysts expect that Skyline Champion Co. will post 3.63 EPS for the current 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.