Victory Capital Management Inc. Buys 33,971 Shares of Skyline Champion Co. (NYSE:SKY)

Victory Capital Management Inc. increased its stake in shares of Skyline Champion Co. (NYSE:SKY) by 9.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 379,595 shares of the company’s stock after buying an additional 33,971 shares during the quarter. Victory Capital Management Inc. owned 0.66% of Skyline Champion worth $33,442,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of Skyline Champion by 137.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 127,307 shares of the company’s stock worth $12,075,000 after buying an additional 73,697 shares during the period. Summit Partners Public Asset Management LLC lifted its position in shares of Skyline Champion by 23.3% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 404,673 shares of the company’s stock worth $38,383,000 after buying an additional 76,573 shares during the period. Algert Global LLC raised its position in Skyline Champion by 164.1% in the 3rd quarter. Algert Global LLC now owns 14,590 shares of the company’s stock valued at $1,384,000 after purchasing an additional 9,066 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in Skyline Champion by 26.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 119,154 shares of the company’s stock valued at $10,497,000 after purchasing an additional 24,781 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in Skyline Champion by 21.8% in the 4th quarter. Van ECK Associates Corp now owns 40,108 shares of the company’s stock valued at $3,534,000 after purchasing an additional 7,184 shares during the last quarter.

Skyline Champion Trading Down 2.2 %

SKY stock opened at $96.72 on Monday. The company has a market cap of $5.54 billion, a P/E ratio of 34.06 and a beta of 1.61. Skyline Champion Co. has a twelve month low of $64.82 and a twelve month high of $116.49. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average of $95.79 and a 200-day moving average of $95.52.

Skyline Champion (NYSE:SKY) last released its earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, topping 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%. As a group, equities research analysts expect that Skyline Champion Co. will post 3.63 EPS for the current year.

Insider Transactions at Skyline Champion

In other news, EVP Joseph A. Kimmell sold 4,335 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $104.21, for a total transaction of $451,750.35. Following the completion of the sale, the executive vice president now owns 39,411 shares in the company, valued at $4,107,020.31. The trade was a 9.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Timothy A. Burkhardt sold 3,823 shares of Skyline Champion stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total value of $408,564.01. Following the sale, the vice president now directly owns 32,706 shares of the company’s stock, valued at approximately $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 corporate insiders.

Analyst Ratings Changes

SKY has been the subject of several research analyst reports. Royal Bank of Canada lifted their price objective on 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 lifted their price objective on Skyline Champion from $90.00 to $106.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $90.20.

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.