Townsquare Capital LLC Increases Stock Position in Skyline Champion Co. (NYSE:SKY)

Townsquare Capital LLC increased its holdings in Skyline Champion Co. (NYSE:SKY) by 13.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,185 shares of the company’s stock after buying an additional 4,096 shares during the period. Townsquare Capital LLC owned 0.06% of Skyline Champion worth $3,100,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. grew its position in shares of Skyline Champion by 137.5% in the third quarter. JPMorgan Chase & Co. now owns 127,307 shares of the company’s stock valued at $12,075,000 after purchasing an additional 73,697 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Skyline Champion by 80.7% in the 4th quarter. Bank of New York Mellon Corp now owns 351,060 shares of the company’s stock worth $30,928,000 after purchasing an additional 156,757 shares during the period. Harbor Capital Advisors Inc. grew its holdings in Skyline Champion by 26.3% during the 4th quarter. Harbor Capital Advisors Inc. now owns 119,154 shares of the company’s stock valued at $10,497,000 after buying an additional 24,781 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Skyline Champion by 21.8% during the fourth quarter. Van ECK Associates Corp now owns 40,108 shares of the company’s stock valued at $3,534,000 after buying an additional 7,184 shares during the period. Finally, Rhumbline Advisers increased its position in shares of Skyline Champion by 85.0% during the fourth quarter. Rhumbline Advisers now owns 151,781 shares of the company’s stock valued at $13,372,000 after buying an additional 69,756 shares during the period.

Insider Buying and Selling

In related news, VP Timothy A. Burkhardt sold 3,823 shares of Skyline Champion stock in a transaction on Tuesday, February 11th. The shares were 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 in the company, valued at $3,495,290.22. This trade represents a 10.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $104.21, for a total transaction of $451,750.35. Following the sale, the executive vice president now 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 disclosure for this sale can be found here. 6.90% of the stock is currently owned by corporate insiders.

Skyline Champion Price Performance

Shares of NYSE:SKY opened at $81.70 on Wednesday. Skyline Champion Co. has a one year low of $64.82 and a one year high of $116.49. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 28.77 and a beta of 1.41. The company’s fifty day moving average price is $95.72 and its 200-day moving average price is $95.26.

Skyline Champion (NYSE:SKY) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share 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%. On average, equities research analysts anticipate that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SKY shares. Royal Bank of Canada raised their price objective 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. Barclays reduced their price target on shares of Skyline Champion from $106.00 to $97.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $88.40.

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.