Dynamic Technology Lab Private Ltd Invests $472,000 in Skyline Champion Co. (NYSE:SKY)

Dynamic Technology Lab Private Ltd purchased a new position in shares of Skyline Champion Co. (NYSE:SKY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,355 shares of the company’s stock, valued at approximately $472,000.

Several other large investors have also recently added to or reduced their stakes in SKY. SkyView Investment Advisors LLC lifted its holdings in Skyline Champion by 2.2% in the third quarter. SkyView Investment Advisors LLC now owns 6,243 shares of the company’s stock worth $592,000 after acquiring an additional 132 shares during the last quarter. Ulland Investment Advisors LLC raised its position 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 period. HighTower Advisors LLC lifted its holdings in shares of Skyline Champion by 3.7% in the 4th quarter. HighTower Advisors LLC now owns 5,019 shares of the company’s stock worth $442,000 after purchasing an additional 180 shares during the last quarter. Atria Investments Inc boosted its position in Skyline Champion by 5.7% during the 4th 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 period. Finally, PNC Financial Services Group Inc. grew its stake in Skyline Champion by 3.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,745 shares of the company’s stock worth $506,000 after buying an additional 213 shares during the last quarter.

Insider Buying and Selling at Skyline Champion

In other Skyline Champion news, VP Timothy A. Burkhardt sold 3,823 shares of the company’s stock in a transaction dated 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 represents a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the executive vice president now directly owns 39,411 shares of the company’s stock, valued at $4,107,020.31. This represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Barclays dropped their price objective 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. Royal Bank of Canada lifted their price target on Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $88.40.

Skyline Champion Price Performance

NYSE SKY opened at $81.24 on Wednesday. The company has a 50 day simple moving average of $97.27 and a 200-day simple moving average of $95.68. 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 $4.65 billion, a price-to-earnings ratio of 28.61 and a beta of 1.41. 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 earnings per share (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%. Equities research analysts predict that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

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.