Charles Schwab Investment Management Inc. Increases Position in Skyline Champion Co. (NYSE:SKY)

Charles Schwab Investment Management Inc. lifted its position in Skyline Champion Co. (NYSE:SKY) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 682,259 shares of the company’s stock after purchasing an additional 42,278 shares during the period. Charles Schwab Investment Management Inc. owned about 1.19% of Skyline Champion worth $60,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Truvestments Capital LLC purchased a new stake in shares of Skyline Champion in the third quarter worth $32,000. Quarry LP bought a new position in shares of Skyline Champion during the third quarter worth $67,000. Venturi Wealth Management LLC bought a new position in shares of Skyline Champion during the fourth quarter worth $112,000. KBC Group NV boosted its position in shares of Skyline Champion by 53.9% during the fourth 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 last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Skyline Champion during the fourth quarter worth $210,000.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SKY. Royal Bank of Canada upped 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 report on Thursday, February 6th. Barclays upped their target price on shares of Skyline Champion from $90.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $90.20.

Skyline Champion Price Performance

SKY stock opened at $94.08 on Thursday. Skyline Champion Co. has a 52 week low of $64.82 and a 52 week high of $116.49. 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 fifty day simple moving average of $96.17 and a two-hundred day simple moving average of $95.58. The firm has a market capitalization of $5.39 billion, a P/E ratio of 33.13 and a beta of 1.61.

Skyline Champion (NYSE:SKY) last released 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 net margin of 6.80% and a return on equity of 13.80%. Analysts anticipate that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Skyline Champion

In other news, 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 value of $451,750.35. Following the completion of the sale, the executive vice president now owns 39,411 shares in the company, valued at approximately $4,107,020.31. This trade represents a 9.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Timothy A. Burkhardt sold 3,823 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total transaction of $408,564.01. Following the completion of the sale, the vice president now owns 32,706 shares of the company’s stock, valued at $3,495,290.22. This trade represents a 10.47 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is owned by company insiders.

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.