Headlands Technologies LLC Acquires Shares of 1,223 Skyline Champion Co. (NYSE:SKY)

Headlands Technologies LLC bought a new position in shares of Skyline Champion Co. (NYSE:SKY) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,223 shares of the company’s stock, valued at approximately $108,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. AG grew its position in shares of Skyline Champion by 5.7% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 26,410 shares of the company’s stock valued at $2,327,000 after purchasing an additional 1,434 shares during the period. Alliancebernstein L.P. lifted its stake in Skyline Champion by 4.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,027,194 shares of the company’s stock valued at $90,496,000 after buying an additional 41,916 shares in the last quarter. DnB Asset Management AS acquired a new stake in Skyline Champion in the 4th quarter worth about $213,000. Pictet Asset Management Holding SA increased its stake in Skyline Champion by 21.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 8,653 shares of the company’s stock worth $762,000 after buying an additional 1,508 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Skyline Champion during the fourth quarter valued at approximately $176,000.

Skyline Champion Stock Performance

Shares of Skyline Champion stock opened at $86.97 on Monday. The business’s 50 day moving average price is $97.78 and its 200 day moving average price is $95.94. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 30.62 and a beta of 1.41. 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 one year low of $64.82 and a one year high of $116.49.

Skyline Champion (NYSE:SKY) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.80 by $0.24. Skyline Champion had a return on equity of 13.80% and a net margin of 6.80%. On average, research analysts predict that Skyline Champion Co. will post 3.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on SKY shares. Barclays boosted their price target 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 upped their target price on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $90.20.

Insider Buying and Selling at Skyline Champion

In other 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 transaction, the vice president now owns 32,706 shares of the company’s stock, valued at $3,495,290.22. This represents a 10.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Joseph A. Kimmell sold 4,335 shares of the stock in a transaction on Monday, February 10th. The stock was 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 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 currently owned by company insiders.

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.