Skyline Champion Co. (NYSE:SKY) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its position in shares of Skyline Champion Co. (NYSE:SKY) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,745 shares of the company’s stock after purchasing an additional 213 shares during the period. PNC Financial Services Group Inc.’s holdings in Skyline Champion were worth $506,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SKY. Oppenheimer & Co. Inc. acquired a new stake in shares of Skyline Champion during the 3rd quarter worth about $808,000. Quest Partners LLC boosted its stake in shares of Skyline Champion by 56.3% during the 3rd quarter. Quest Partners LLC now owns 8,592 shares of the company’s stock worth $815,000 after purchasing an additional 3,094 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Skyline Champion in the third quarter worth approximately $2,369,000. Intech Investment Management LLC acquired a new stake in shares of Skyline Champion in the third quarter worth approximately $1,101,000. Finally, Integrated Investment Consultants LLC boosted its position in shares of Skyline Champion by 112.3% in the third quarter. Integrated Investment Consultants LLC now owns 108,618 shares of the company’s stock worth $10,302,000 after acquiring an additional 57,456 shares during the last quarter.

Analysts Set New Price Targets

SKY has been the topic of several research analyst reports. Barclays raised 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 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 stock a “sector perform” rating in a research report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $90.20.

Insider Buying and Selling at Skyline Champion

In other Skyline Champion news, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $104.21, for a total transaction of $451,750.35. Following the transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Timothy A. Burkhardt sold 3,823 shares of Skyline Champion stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total transaction of $408,564.01. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by corporate insiders.

Skyline Champion Price Performance

SKY opened at $95.54 on Thursday. The stock has a market capitalization of $5.47 billion, a PE ratio of 33.64 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. Skyline Champion Co. has a 1 year low of $64.82 and a 1 year high of $116.49. The company’s 50 day simple moving average is $96.74 and its 200 day simple moving average is $95.64.

Skyline Champion (NYSE:SKY) last announced 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%. As a group, sell-side analysts expect that Skyline Champion Co. will post 3.63 EPS for the current year.

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.