Skyline Champion Co. (NYSE:SKY) Shares Purchased by Pier Capital LLC

Pier Capital LLC boosted its holdings in shares of Skyline Champion Co. (NYSE:SKY) by 54.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 98,256 shares of the company’s stock after buying an additional 34,730 shares during the quarter. Pier Capital LLC’s holdings in Skyline Champion were worth $8,656,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Prudential Financial Inc. increased its position in shares of Skyline Champion by 379.9% during the fourth quarter. Prudential Financial Inc. now owns 53,519 shares of the company’s stock valued at $5,196,000 after acquiring an additional 42,366 shares during the last quarter. Congress Wealth Management LLC DE boosted its position in shares of Skyline Champion by 4.8% during the 4th quarter. Congress Wealth Management LLC DE now owns 97,999 shares of the company’s stock worth $8,634,000 after purchasing an additional 4,445 shares during the period. Vanguard Group Inc. increased its holdings in Skyline Champion by 17.3% in the 4th quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company’s stock valued at $523,578,000 after purchasing an additional 876,712 shares during the last quarter. LPL Financial LLC lifted its stake in Skyline Champion by 11.6% during the fourth quarter. LPL Financial LLC now owns 3,685 shares of the company’s stock worth $325,000 after purchasing an additional 384 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Skyline Champion during the fourth quarter worth $996,000.

Skyline Champion Trading Up 3.3 %

NYSE:SKY opened at $97.34 on Tuesday. The stock has a fifty day moving average price of $97.26 and a 200 day moving average price of $95.78. 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 Co. has a 12-month low of $64.82 and a 12-month high of $116.49. The firm has a market cap of $5.58 billion, a PE ratio of 34.27 and a beta of 1.61.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) 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%. Sell-side analysts anticipate that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Royal Bank of Canada boosted 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. Barclays boosted their price target 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. Five investment 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 an average target price of $90.20.

Insider Buying and Selling

In related news, EVP Joseph A. Kimmell sold 4,335 shares of the stock in a transaction 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 transaction, the executive vice president now 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Timothy A. Burkhardt sold 3,823 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total value of $408,564.01. Following the completion of the sale, the vice president now owns 32,706 shares in the company, valued at approximately $3,495,290.22. This 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 owned by insiders.

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.