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

Guidance Capital Inc. purchased a new stake in Skyline Champion Co. (NYSE:SKY) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 5,166 shares of the company’s stock, valued at approximately $459,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC acquired a new stake in Skyline Champion in the fourth quarter valued at $659,000. KBC Group NV lifted its stake in shares of 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 buying an additional 801 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of Skyline Champion during the 4th quarter worth about $210,000. Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Skyline Champion by 0.3% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 192,464 shares of the company’s stock worth $16,956,000 after buying an additional 550 shares during the last quarter. Finally, Ulland Investment Advisors LLC lifted its stake in shares of Skyline Champion by 0.3% during the 4th quarter. Ulland Investment Advisors LLC now owns 52,610 shares of the company’s stock worth $4,635,000 after buying an additional 171 shares during the last quarter.

Skyline Champion Price Performance

Shares of Skyline Champion stock opened at $105.27 on Thursday. 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 1.64, a current ratio of 2.42 and a debt-to-equity ratio of 0.02. The company has a 50-day simple moving average of $94.72 and a two-hundred day simple moving average of $92.24. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 40.64 and a beta of 1.62.

Skyline Champion (NYSE:SKY) last released its earnings results on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.80 by $0.24. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. Analysts forecast that Skyline Champion Co. will post 3.43 EPS for the current year.

Analyst Ratings Changes

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

Skyline Champion 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.