Townsquare Capital LLC Purchases 4,096 Shares of Skyline Champion Co. (NYSE:SKY)

Townsquare Capital LLC boosted its position in shares of Skyline Champion Co. (NYSE:SKY) by 13.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,185 shares of the company’s stock after buying an additional 4,096 shares during the quarter. Townsquare Capital LLC’s holdings in Skyline Champion were worth $3,100,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd purchased a new position in shares of Skyline Champion in the fourth quarter valued at about $36,000. Sterling Capital Management LLC increased its holdings in Skyline Champion by 645.5% during the 4th quarter. Sterling Capital Management LLC now owns 917 shares of the company’s stock valued at $81,000 after purchasing an additional 794 shares during the period. Headlands Technologies LLC bought a new position in Skyline Champion during the 4th quarter valued at approximately $108,000. Venturi Wealth Management LLC bought a new position in Skyline Champion during the 4th quarter valued at approximately $112,000. Finally, New Age Alpha Advisors LLC purchased a new stake in Skyline Champion in the 4th quarter worth approximately $176,000.

Skyline Champion Trading Down 1.1 %

NYSE:SKY opened at $81.70 on Wednesday. The firm has a market capitalization of $4.68 billion, a P/E ratio of 28.77 and a beta of 1.41. 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 company’s 50-day simple moving average is $95.72 and its 200 day simple moving average is $95.26.

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 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%. As a group, analysts forecast that Skyline Champion Co. will post 3.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SKY. Barclays cut their price target on shares of Skyline Champion from $106.00 to $97.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada boosted their price target 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 issued a buy rating to the stock. According to data from MarketBeat.com, Skyline Champion currently has a consensus rating of “Hold” and a consensus target price of $88.40.

Insider Activity

In other Skyline Champion news, VP Timothy A. Burkhardt sold 3,823 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total transaction of $408,564.01. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Joseph A. Kimmell sold 4,335 shares of the company’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 transaction, the executive vice president now directly owns 39,411 shares in the company, 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.

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.