Loomis Sayles & Co. L P Boosts Holdings in Skyline Champion Co. (NYSE:SKY)

Loomis Sayles & Co. L P increased its holdings in shares of Skyline Champion Co. (NYSE:SKY) by 54.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 275,991 shares of the company’s stock after buying an additional 97,482 shares during the period. Loomis Sayles & Co. L P owned about 0.48% of Skyline Champion worth $24,315,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in SKY. Harvest Fund Management Co. Ltd purchased a new position in shares of Skyline Champion in the 4th quarter valued at about $36,000. Quarry LP purchased a new position in Skyline Champion in the third quarter worth approximately $67,000. Venturi Wealth Management LLC acquired a new position in Skyline Champion during the 4th quarter worth approximately $112,000. MML Investors Services LLC purchased a new stake in shares of Skyline Champion in the 3rd quarter valued at approximately $216,000. Finally, KBC Group NV raised its holdings in shares of Skyline Champion by 53.9% in the 4th quarter. KBC Group NV now owns 2,288 shares of the company’s stock valued at $202,000 after purchasing an additional 801 shares in the last quarter.

Insider Activity

In related news, VP Timothy A. Burkhardt sold 3,823 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total value of $408,564.01. Following the transaction, the vice president now owns 32,706 shares in the company, valued at $3,495,290.22. The trade was a 10.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $104.21, for a total value of $451,750.35. Following the sale, the executive vice president now directly owns 39,411 shares of the company’s stock, valued at $4,107,020.31. The trade was a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.90% of the company’s stock.

Skyline Champion Price Performance

Shares of SKY opened at $94.03 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74. Skyline Champion Co. has a 1-year low of $64.82 and a 1-year high of $116.49. The stock has a market cap of $5.39 billion, a PE ratio of 33.11 and a beta of 1.61. The firm has a fifty day moving average price of $97.67 and a 200 day moving average price of $95.91.

Skyline Champion (NYSE:SKY) last posted its earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts anticipate that Skyline Champion Co. will post 3.63 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SKY shares. Barclays boosted their target price on shares of Skyline Champion from $90.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Royal Bank of Canada increased their price objective 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 assigned a buy rating to the stock. According to MarketBeat.com, Skyline Champion presently has an average rating of “Hold” and an average target price of $90.20.

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.