Skyline Champion Co. (NYSE:SKY) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its position in Skyline Champion Co. (NYSE:SKY) by 3.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,745 shares of the company’s stock after acquiring an additional 213 shares during the period. PNC Financial Services Group Inc.’s holdings in Skyline Champion were worth $506,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of Skyline Champion by 137.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 127,307 shares of the company’s stock worth $12,075,000 after acquiring an additional 73,697 shares during the period. Summit Partners Public Asset Management LLC lifted its stake in shares of Skyline Champion by 23.3% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 404,673 shares of the company’s stock worth $38,383,000 after acquiring an additional 76,573 shares during the period. Algert Global LLC lifted its stake in shares of Skyline Champion by 164.1% in the 3rd quarter. Algert Global LLC now owns 14,590 shares of the company’s stock worth $1,384,000 after acquiring an additional 9,066 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Skyline Champion by 80.7% in the 4th quarter. Bank of New York Mellon Corp now owns 351,060 shares of the company’s stock worth $30,928,000 after acquiring an additional 156,757 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Skyline Champion by 26.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 119,154 shares of the company’s stock worth $10,497,000 after acquiring an additional 24,781 shares during the period.

Insider Buying and Selling at Skyline Champion

In other Skyline Champion news, VP Timothy A. Burkhardt sold 3,823 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total transaction of $408,564.01. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph A. Kimmell sold 4,335 shares of the firm’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 transaction, the executive vice president now owns 39,411 shares of the company’s stock, valued at $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 currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on SKY shares. Royal Bank of Canada raised their target price 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. Barclays increased their price target on shares of Skyline Champion from $90.00 to $106.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $90.20.

Skyline Champion Stock Performance

Shares of SKY opened at $95.54 on Thursday. The company has a 50-day simple moving average of $96.74 and a 200-day simple moving average of $95.64. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $5.47 billion, a PE ratio of 33.64 and a beta of 1.61. Skyline Champion Co. has a 52-week low of $64.82 and a 52-week high of $116.49.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts predict that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

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.