Guidance Capital Inc. Buys Shares of 5,166 Skyline Champion Co. (NYSE:SKY)

Guidance Capital Inc. purchased a new stake in shares of Skyline Champion Co. (NYSE:SKY) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 5,166 shares of the company’s stock, valued at approximately $459,000.

A number of other institutional investors have also added to or reduced their stakes in SKY. Truvestments Capital LLC acquired a new position in Skyline Champion during the 3rd quarter worth approximately $32,000. Quarry LP acquired a new position in Skyline Champion during the 3rd quarter worth approximately $67,000. nVerses Capital LLC acquired a new position in Skyline Champion during the 3rd quarter worth approximately $76,000. KBC Group NV increased its position in Skyline Champion by 53.9% during the 4th quarter. KBC Group NV now owns 2,288 shares of the company’s stock worth $202,000 after purchasing an additional 801 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Skyline Champion during the 4th quarter worth approximately $210,000.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SKY. Royal Bank of Canada upped their price objective on shares of Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Craig Hallum upped their price target on shares of Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Jefferies Financial Group upped their price target on shares of Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Barclays upped their price target on shares of Skyline Champion from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $85.40.

Skyline Champion Trading Up 13.5 %

NYSE:SKY opened at $105.27 on Thursday. The firm’s fifty day moving average is $94.72 and its 200-day moving average is $92.24. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.42. Skyline Champion Co. has a 52 week low of $64.82 and a 52 week high of $116.49. The firm has a market cap of $6.04 billion, a P/E ratio of 40.64 and a beta of 1.62.

Skyline Champion (NYSE:SKY) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.24. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. Equities analysts expect that Skyline Champion Co. will post 3.43 earnings per share for the current year.

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.