Charles Schwab Investment Management Inc. Boosts Position in Skyline Champion Co. (NYSE:SKY)

Charles Schwab Investment Management Inc. increased its stake in Skyline Champion Co. (NYSE:SKY) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 682,259 shares of the company’s stock after buying an additional 42,278 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Skyline Champion were worth $60,107,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. US Bancorp DE increased its stake in Skyline Champion by 3,916.3% in the 4th quarter. US Bancorp DE now owns 9,117 shares of the company’s stock worth $803,000 after buying an additional 8,890 shares during the period. Mutual of America Capital Management LLC increased its stake in Skyline Champion by 3.3% in the 4th quarter. Mutual of America Capital Management LLC now owns 93,020 shares of the company’s stock worth $8,195,000 after buying an additional 2,987 shares during the period. Versor Investments LP increased its stake in Skyline Champion by 82.1% in the 4th quarter. Versor Investments LP now owns 7,536 shares of the company’s stock worth $664,000 after buying an additional 3,398 shares during the period. Proficio Capital Partners LLC purchased a new position in Skyline Champion in the 4th quarter worth about $1,692,000. Finally, Oppenheimer Asset Management Inc. increased its stake in Skyline Champion by 14.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 10,094 shares of the company’s stock worth $889,000 after buying an additional 1,309 shares during the period.

Analyst Ratings Changes

A number of research analysts have commented on SKY shares. Barclays raised their target price on shares of Skyline Champion from $90.00 to $106.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Royal Bank of Canada raised their target price on shares of Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a research report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $90.20.

Skyline Champion Trading Down 0.1 %

NYSE SKY opened at $94.08 on Thursday. Skyline Champion Co. has a one year low of $64.82 and a one year high of $116.49. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 33.13 and a beta of 1.61. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59. The company’s 50-day simple moving average is $96.17 and its two-hundred day simple moving average is $95.58.

Skyline Champion (NYSE:SKY) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, beating 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%. Equities analysts forecast that Skyline Champion Co. will post 3.63 EPS for the current fiscal year.

Insider Activity

In other news, VP Timothy A. Burkhardt sold 3,823 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total value of $408,564.01. Following the sale, the vice president now directly owns 32,706 shares in the company, valued at approximately $3,495,290.22. This trade represents a 10.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph A. Kimmell sold 4,335 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $104.21, for a total transaction of $451,750.35. Following the completion of the sale, the executive vice president now owns 39,411 shares in the company, valued at $4,107,020.31. This represents a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.90% of the company’s stock.

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.