Curi Capital Takes $36,000 Position in Skyline Champion Co. (NYSE:SKY)


Share on StockTwits

Curi Capital acquired a new position in shares of Skyline Champion Co. (NYSE:SKY) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,183 shares of the company’s stock, valued at approximately $36,000.

A number of other institutional investors have also modified their holdings of the stock. Renaissance Technologies LLC raised its holdings in Skyline Champion by 100.4% during the 4th quarter. Renaissance Technologies LLC now owns 89,784 shares of the company’s stock worth $2,778,000 after buying an additional 44,984 shares during the period. William Blair Investment Management LLC raised its holdings in shares of Skyline Champion by 23.0% during the fourth quarter. William Blair Investment Management LLC now owns 1,288,898 shares of the company’s stock worth $39,879,000 after acquiring an additional 240,620 shares during the period. Janus Henderson Group PLC boosted its stake in Skyline Champion by 86.8% in the 4th quarter. Janus Henderson Group PLC now owns 860,209 shares of the company’s stock worth $26,615,000 after purchasing an additional 399,628 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Skyline Champion by 3.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 31,678 shares of the company’s stock worth $980,000 after purchasing an additional 1,082 shares in the last quarter. Finally, ExodusPoint Capital Management LP raised its stake in shares of Skyline Champion by 2.0% in the 4th quarter. ExodusPoint Capital Management LP now owns 70,913 shares of the company’s stock valued at $2,194,000 after purchasing an additional 1,379 shares during the period. 95.71% of the stock is currently owned by institutional investors and hedge funds.

NYSE SKY opened at $46.16 on Thursday. Skyline Champion Co. has a 12 month low of $14.49 and a 12 month high of $47.92. The firm has a market cap of $2.61 billion, a P/E ratio of 49.63 and a beta of 2.62. The firm has a 50 day moving average of $44.79. The company has a current ratio of 2.34, a quick ratio of 1.69 and a debt-to-equity ratio of 0.15.

Skyline Champion (NYSE:SKY) last released its quarterly earnings data on Sunday, January 31st. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.14. The company had revenue of $377.58 million during the quarter, compared to analysts’ expectations of $352.23 million. Skyline Champion had a return on equity of 11.46% and a net margin of 4.23%. As a group, equities analysts predict that Skyline Champion Co. will post 1.02 EPS for the current fiscal year.

In other news, Director Mak Capital One Llc sold 368,559 shares of the firm’s stock in a transaction dated Friday, March 5th. The shares were sold at an average price of $43.85, for a total transaction of $16,161,312.15. Also, Director Keith A. Anderson sold 105,766 shares of Skyline Champion stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $46.93, for a total transaction of $4,963,598.38. Following the sale, the director now directly owns 494,872 shares of the company’s stock, valued at approximately $23,224,342.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 556,668 shares of company stock valued at $24,872,013. Company insiders own 8.10% of the company’s stock.

A number of equities research analysts recently issued reports on SKY shares. Barclays lifted their target price on Skyline Champion from $32.00 to $36.00 and gave the company an “overweight” rating in a research report on Friday, December 18th. Wedbush reiterated a “neutral” rating on shares of Skyline Champion in a report on Monday, March 8th. Zacks Investment Research upgraded shares of Skyline Champion from a “hold” rating to a “strong-buy” rating and set a $49.00 target price for the company in a report on Friday, February 12th. Finally, Craig Hallum raised their target price on shares of Skyline Champion from $40.00 to $49.00 and gave the company a “buy” rating in a research report on Wednesday, February 3rd. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $35.14.

Skyline Champion Profile

Skyline Champion Corporation operates as a factory-built housing company in North America. The company offers manufactured and modular homes, as well as park-models and modular buildings for the multi-family, hospitality, and senior and workforce housing sectors. It builds homes under the brand names of Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Excel Homes, Homes of Merit, New Era, Redman Homes, Shore Park, Silvercrest, Titan Homes in the United States, and Moduline and SRI Homes in western Canada.

Featured Article: What are the reasons investors use put options?

Institutional Ownership by Quarter for Skyline Champion (NYSE:SKY)

Receive News & Ratings for Skyline Champion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyline Champion and related companies with MarketBeat.com's FREE daily email newsletter.