Xponance Inc. Buys 352 Shares of Skyline Champion Co. (NYSE:SKY)

Xponance Inc. raised its stake in shares of Skyline Champion Co. (NYSE:SKY) by 10.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,855 shares of the company’s stock after buying an additional 352 shares during the quarter. Xponance Inc.’s holdings in Skyline Champion were worth $340,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Truvestments Capital LLC bought a new position in shares of Skyline Champion during the third quarter valued at $32,000. Quarry LP purchased a new stake in Skyline Champion during the 3rd quarter valued at about $67,000. Venturi Wealth Management LLC bought a new stake in Skyline Champion during the 4th quarter valued at about $112,000. KBC Group NV raised its holdings in Skyline Champion by 53.9% in the fourth 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. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Skyline Champion during the fourth quarter valued at approximately $210,000.

Analysts Set New Price Targets

SKY has been the topic of several analyst reports. Barclays upped their price objective on 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 upped their price target on Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. Five 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 company currently has an average rating of “Hold” and a consensus target price of $90.20.

Skyline Champion Stock Performance

Shares of SKY opened at $96.76 on Friday. The firm has a market capitalization of $5.54 billion, a P/E ratio of 34.07 and a beta of 1.61. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74. Skyline Champion Co. has a one year low of $64.82 and a one year high of $116.49. The business has a fifty day moving average of $97.60 and a 200 day moving average of $95.86.

Skyline Champion (NYSE:SKY) last released its quarterly 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 6.80% and a return on equity of 13.80%. As a group, sell-side analysts anticipate that Skyline Champion Co. will post 3.63 EPS for the current year.

Insider Buying and Selling at Skyline Champion

In other news, VP Timothy A. Burkhardt sold 3,823 shares of the firm’s 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 of the company’s stock, valued at $3,495,290.22. This trade represents a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Joseph A. Kimmell sold 4,335 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were 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 approximately $4,107,020.31. This trade represents a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.90% of the stock is owned by corporate insiders.

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.