Congress Wealth Management LLC DE Grows Stake in Skyline Champion Co. (NYSE:SKY)

Congress Wealth Management LLC DE boosted its stake in Skyline Champion Co. (NYSE:SKY) by 4.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 97,999 shares of the company’s stock after buying an additional 4,445 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Skyline Champion were worth $8,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Truvestments Capital LLC purchased a new stake in Skyline Champion in the 3rd quarter valued at $32,000. Harvest Fund Management Co. Ltd acquired a new position in Skyline Champion in the fourth quarter valued at $36,000. Quarry LP purchased a new stake in shares of Skyline Champion in the third quarter valued at about $67,000. Venturi Wealth Management LLC acquired a new stake in shares of Skyline Champion during the fourth quarter worth about $112,000. Finally, KBC Group NV grew its holdings in shares of Skyline Champion by 53.9% during 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.

Analysts Set New Price Targets

A number of analysts have weighed in on SKY shares. Barclays increased their price objective on 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 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 research report on Thursday, February 6th. 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, Skyline Champion currently has a consensus rating of “Hold” and a consensus target price of $90.20.

Insiders Place Their Bets

In other Skyline Champion news, VP Timothy A. Burkhardt sold 3,823 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total value of $408,564.01. Following the sale, the vice president now owns 32,706 shares of the company’s stock, valued at approximately $3,495,290.22. This represents 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 accessible through the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 39,411 shares of the company’s stock, valued at approximately $4,107,020.31. This represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by company insiders.

Skyline Champion Stock Up 3.3 %

Skyline Champion stock opened at $97.34 on Tuesday. The stock’s 50 day moving average price is $97.26 and its 200 day moving average price is $95.78. The company has a market cap of $5.58 billion, a PE ratio of 34.27 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 1-year low of $64.82 and a 1-year high of $116.49.

Skyline Champion (NYSE:SKY) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, topping 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%. On average, sell-side analysts predict that Skyline Champion Co. will post 3.63 EPS for the current fiscal year.

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.