KBC Group NV Raises Holdings in Skyline Champion Co. (NYSE:SKY)

KBC Group NV boosted its position in Skyline Champion Co. (NYSE:SKY) by 53.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,288 shares of the company’s stock after acquiring an additional 801 shares during the quarter. KBC Group NV’s holdings in Skyline Champion were worth $202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new position in shares of Skyline Champion during the 3rd quarter valued at $32,000. Quarry LP acquired a new position in shares of Skyline Champion during the third quarter worth about $67,000. nVerses Capital LLC acquired a new stake in shares of Skyline Champion in the third quarter valued at about $76,000. MML Investors Services LLC purchased a new stake in shares of Skyline Champion during the 3rd quarter valued at about $216,000. Finally, CWM LLC lifted its position in Skyline Champion by 7.4% during the 3rd quarter. CWM LLC now owns 2,286 shares of the company’s stock worth $217,000 after acquiring an additional 158 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have recently issued reports on SKY. Craig Hallum lifted their price objective on shares of Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Jefferies Financial Group lifted their price target on shares of Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada raised their target price on Skyline Champion from $82.00 to $88.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Finally, Barclays boosted their price target on Skyline Champion from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. 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.com, the company presently has a consensus rating of “Hold” and a consensus price target of $85.40.

Skyline Champion Stock Performance

Shares of SKY stock opened at $92.70 on Wednesday. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 35.79 and a beta of 1.63. 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 $94.69 and its 200-day simple moving average is $92.15. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.42.

Skyline Champion (NYSE:SKY) last issued its 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 13.20% and a net margin of 6.42%. Equities analysts anticipate that Skyline Champion Co. will post 3.43 earnings per share for the current fiscal year.

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.