PFG Advisors Purchases 752 Shares of Skyline Champion Co. (NYSE:SKY)

PFG Advisors increased its position in shares of Skyline Champion Co. (NYSE:SKY) by 13.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,509 shares of the company’s stock after acquiring an additional 752 shares during the quarter. PFG Advisors’ holdings in Skyline Champion were worth $573,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. SkyView Investment Advisors LLC lifted its stake in Skyline Champion by 2.2% in the third quarter. SkyView Investment Advisors LLC now owns 6,243 shares of the company’s stock valued at $592,000 after buying an additional 132 shares in the last quarter. Ulland Investment Advisors LLC lifted its stake in Skyline Champion by 0.3% in the fourth quarter. Ulland Investment Advisors LLC now owns 52,610 shares of the company’s stock valued at $4,635,000 after buying an additional 171 shares in the last quarter. HighTower Advisors LLC lifted its stake in Skyline Champion by 3.7% in the fourth quarter. HighTower Advisors LLC now owns 5,019 shares of the company’s stock valued at $442,000 after buying an additional 180 shares in the last quarter. Atria Investments Inc lifted its stake in Skyline Champion by 5.7% in the fourth quarter. Atria Investments Inc now owns 3,726 shares of the company’s stock valued at $328,000 after buying an additional 202 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Skyline Champion by 3.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,745 shares of the company’s stock valued at $506,000 after buying an additional 213 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SKY shares. Barclays lifted their price objective on shares of Skyline Champion from $90.00 to $106.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Royal Bank of Canada lifted 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. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $90.20.

Insider Buying and Selling

In other news, EVP Joseph A. Kimmell sold 4,335 shares of the stock in a transaction dated Monday, February 10th. The shares were 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Timothy A. Burkhardt sold 3,823 shares of the 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 transaction, the vice president now directly owns 32,706 shares in the company, valued at $3,495,290.22. The trade was 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 owned by corporate insiders.

Skyline Champion Price Performance

Shares of SKY opened at $94.56 on Friday. The company has a market cap of $5.42 billion, a price-to-earnings ratio of 33.29 and a beta of 1.61. Skyline Champion Co. has a 1-year low of $64.82 and a 1-year high of $116.49. The company’s fifty day simple moving average is $96.38 and its 200 day simple moving average is $95.57. The company has a current ratio of 2.59, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY) last issued 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 net margin of 6.80% and a return on equity of 13.80%. On average, research analysts forecast that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

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.