Skyline Champion Co. (NYSE:SKY) Shares Purchased by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC increased its position in shares of Skyline Champion Co. (NYSE:SKY) by 26.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,328 shares of the company’s stock after acquiring an additional 897 shares during the quarter. Sherbrooke Park Advisers LLC’s holdings in Skyline Champion were worth $381,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Skyline Champion by 17.3% during the 4th quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company’s stock valued at $523,578,000 after acquiring an additional 876,712 shares during the last quarter. Capital World Investors boosted its position in shares of Skyline Champion by 31.5% during the 4th quarter. Capital World Investors now owns 2,638,862 shares of the company’s stock valued at $232,484,000 after acquiring an additional 632,718 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Skyline Champion by 17.2% during the 4th quarter. Ameriprise Financial Inc. now owns 1,646,482 shares of the company’s stock valued at $145,055,000 after acquiring an additional 241,326 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Skyline Champion by 2.9% during the 4th quarter. American Century Companies Inc. now owns 1,411,769 shares of the company’s stock valued at $124,377,000 after acquiring an additional 39,262 shares during the last quarter. Finally, Capital Research Global Investors acquired a new position in shares of Skyline Champion during the 4th quarter valued at about $98,978,000.

Skyline Champion Stock Up 1.1%

Shares of SKY opened at $92.14 on Friday. 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 market cap of $5.28 billion, a P/E ratio of 32.44 and a beta of 1.37. The company’s 50-day moving average price is $88.57 and its 200 day moving average price is $94.13. Skyline Champion Co. has a 12-month low of $64.82 and a 12-month high of $116.49.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SKY shares. Royal Bank of Canada boosted their price objective on shares of Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. Barclays reduced 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, April 8th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $88.40.

About Skyline Champion

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.