Capital Research Global Investors Makes New Investment in Skyline Champion Co. (NYSE:SKY)

Capital Research Global Investors acquired a new stake in Skyline Champion Co. (NYSE:SKY - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,123,479 shares of the company's stock, valued at approximately $98,978,000. Capital Research Global Investors owned about 1.96% of Skyline Champion at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SKY. SkyView Investment Advisors LLC increased its stake in shares of Skyline Champion by 2.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 6,243 shares of the company's stock valued at $592,000 after purchasing an additional 132 shares during the last quarter. Ulland Investment Advisors LLC grew its position in Skyline Champion by 0.3% in the fourth quarter. Ulland Investment Advisors LLC now owns 52,610 shares of the company's stock valued at $4,635,000 after acquiring an additional 171 shares during the last quarter. Summit Investment Advisors Inc. grew its position in Skyline Champion by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,613 shares of the company's stock valued at $495,000 after acquiring an additional 178 shares during the last quarter. HighTower Advisors LLC raised its stake in Skyline Champion by 3.7% during the fourth quarter. HighTower Advisors LLC now owns 5,019 shares of the company's stock worth $442,000 after acquiring an additional 180 shares in the last quarter. Finally, Atria Investments Inc lifted its holdings in shares of Skyline Champion by 5.7% in the fourth quarter. Atria Investments Inc now owns 3,726 shares of the company's stock worth $328,000 after acquiring an additional 202 shares during the last quarter.

Skyline Champion Trading Down 0.9 %

NYSE:SKY traded down $0.78 during mid-day trading on Friday, hitting $84.73. 260,938 shares of the company's stock were exchanged, compared to its average volume of 532,261. 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 current ratio of 2.59, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $4.85 billion, a P/E ratio of 29.83 and a beta of 1.41. The company has a 50 day simple moving average of $91.93 and a 200-day simple moving average of $94.58.

Skyline Champion (NYSE:SKY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, topping 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%. As a group, research analysts expect that Skyline Champion Co. will post 3.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SKY shares. Royal Bank of Canada upped 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 report on Thursday, February 6th. Barclays lowered their price target on shares of Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Five 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 stock has a consensus rating of "Hold" and an average target price of $88.40.

Insiders Place Their Bets

In related news, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $104.21, for a total value of $451,750.35. Following the transaction, the executive vice president now directly owns 39,411 shares of the company's stock, valued at $4,107,020.31. The trade was a 9.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Timothy A. Burkhardt sold 3,823 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total transaction of $408,564.01. Following the sale, the vice president now directly owns 32,706 shares of the company's stock, valued at $3,495,290.22. This represents a 10.47 % decrease in their position. The disclosure for this sale can be found here. Company 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.