Raymond James Financial Inc. Invests $6.45 Million in Skyline Champion Co. (NYSE:SKY)

Raymond James Financial Inc. bought a new stake in shares of Skyline Champion Co. (NYSE:SKY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 73,247 shares of the company’s stock, valued at approximately $6,453,000. Raymond James Financial Inc. owned 0.13% of Skyline Champion at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in shares of Skyline Champion during the 4th quarter valued at approximately $1,692,000. Atria Investments Inc lifted its stake in shares of Skyline Champion by 5.7% during the 4th quarter. Atria Investments Inc now owns 3,726 shares of the company’s stock worth $328,000 after purchasing an additional 202 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Skyline Champion by 9.8% during the 4th quarter. Victory Capital Management Inc. now owns 379,595 shares of the company’s stock worth $33,442,000 after purchasing an additional 33,971 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Skyline Champion by 6.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 682,259 shares of the company’s stock valued at $60,107,000 after buying an additional 42,278 shares during the last quarter. Finally, US Bancorp DE raised its stake in Skyline Champion by 3,916.3% in the fourth quarter. US Bancorp DE now owns 9,117 shares of the company’s stock valued at $803,000 after buying an additional 8,890 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

Skyline Champion Stock Down 0.7 %

Skyline Champion stock opened at $94.25 on Monday. Skyline Champion Co. has a fifty-two week low of $64.82 and a fifty-two week high of $116.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59. The company has a market capitalization of $5.40 billion, a P/E ratio of 33.19 and a beta of 1.61. The stock has a 50-day simple moving average of $97.06 and a 200-day simple moving average of $95.72.

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

Insider Buying and Selling

In other Skyline Champion news, 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 transaction of $451,750.35. Following the sale, the executive vice president now owns 39,411 shares in the company, valued at approximately $4,107,020.31. This represents a 9.91 % decrease in their position. The sale 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 sale, the vice president now 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 disclosure for this sale can be found here. 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.