American Century Companies Inc. Grows Position in Skyline Champion Co. (NYSE:SKY)

American Century Companies Inc. raised its position in Skyline Champion Co. (NYSE:SKY) by 2.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,411,769 shares of the company’s stock after purchasing an additional 39,262 shares during the quarter. American Century Companies Inc.’s holdings in Skyline Champion were worth $124,377,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. SkyView Investment Advisors LLC grew its stake in shares of Skyline Champion by 2.2% during the third quarter. SkyView Investment Advisors LLC now owns 6,243 shares of the company’s stock valued at $592,000 after buying an additional 132 shares during the last quarter. Ulland Investment Advisors LLC grew its position in Skyline Champion by 0.3% in the 4th quarter. Ulland Investment Advisors LLC now owns 52,610 shares of the company’s stock valued at $4,635,000 after acquiring an additional 171 shares during the last quarter. HighTower Advisors LLC increased its stake in Skyline Champion by 3.7% in the fourth quarter. HighTower Advisors LLC now owns 5,019 shares of the company’s stock worth $442,000 after purchasing an additional 180 shares during the period. Atria Investments Inc lifted its position in shares of Skyline Champion by 5.7% during the fourth quarter. Atria Investments Inc now owns 3,726 shares of the company’s stock worth $328,000 after purchasing an additional 202 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Skyline Champion by 3.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,745 shares of the company’s stock valued at $506,000 after purchasing an additional 213 shares during the period.

Skyline Champion Trading Down 0.7 %

NYSE SKY opened at $94.25 on Monday. Skyline Champion Co. has a one year low of $64.82 and a one year high of $116.49. 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 has a market capitalization of $5.40 billion, a price-to-earnings ratio of 33.19 and a beta of 1.61. The company’s 50-day simple moving average is $97.06 and its two-hundred day simple moving average is $95.72.

Skyline Champion (NYSE:SKY) last issued 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 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 Transactions at Skyline Champion

In other Skyline Champion news, VP Timothy A. Burkhardt sold 3,823 shares of Skyline Champion stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total value of $408,564.01. Following the transaction, the vice president now owns 32,706 shares in the company, valued at $3,495,290.22. The trade was a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of the 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 sale, the executive vice president now directly owns 39,411 shares of the company’s stock, valued at approximately $4,107,020.31. The trade was a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.90% of the company’s stock.

Analyst Upgrades and Downgrades

SKY has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their price objective on shares of Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. Barclays lifted their price target on shares of Skyline Champion from $90.00 to $106.00 and gave the company 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $90.20.

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.