Van ECK Associates Corp Grows Position in Skyline Champion Co. (NYSE:SKY)

Van ECK Associates Corp lifted its position in Skyline Champion Co. (NYSE:SKY) by 21.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,108 shares of the company’s stock after buying an additional 7,184 shares during the quarter. Van ECK Associates Corp owned approximately 0.07% of Skyline Champion worth $3,534,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SKY. Truvestments Capital LLC purchased a new stake in shares of Skyline Champion during the 3rd quarter worth $32,000. Quarry LP purchased a new stake in shares of Skyline Champion in the third quarter valued at about $67,000. MML Investors Services LLC purchased a new position in shares of Skyline Champion during the 3rd quarter worth approximately $216,000. CWM LLC lifted its stake in shares of Skyline Champion by 7.4% in the third quarter. CWM LLC now owns 2,286 shares of the company’s stock valued at $217,000 after purchasing an additional 158 shares during the period. Finally, KBC Group NV grew its holdings in shares of Skyline Champion by 53.9% in the 4th quarter. KBC Group NV now owns 2,288 shares of the company’s stock worth $202,000 after acquiring an additional 801 shares during the period.

Insider Activity at Skyline Champion

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

Skyline Champion Trading Down 0.9 %

Shares of SKY opened at $103.94 on Thursday. 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. The stock has a 50-day moving average price of $94.78 and a 200 day moving average price of $94.09. The company has a market capitalization of $5.95 billion, a P/E ratio of 36.60 and a beta of 1.62.

Skyline Champion (NYSE:SKY) last issued 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 net margin of 6.80% and a return on equity of 13.80%. Sell-side analysts forecast that Skyline Champion Co. will post 3.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SKY shares. Barclays raised their price objective on shares of Skyline Champion from $90.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Craig Hallum increased their target price on Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada boosted their price objective on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Skyline Champion currently 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.