Comerica Bank Buys 17,888 Shares of Skyline Champion Co. (NYSE:SKY)

Comerica Bank boosted its stake in Skyline Champion Co. (NYSE:SKY - Free Report) by 2,275.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,674 shares of the company's stock after acquiring an additional 17,888 shares during the period. Comerica Bank's holdings in Skyline Champion were worth $1,645,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Ulland Investment Advisors LLC lifted its holdings 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 buying an additional 171 shares during the period. Summit Investment Advisors Inc. boosted its position in shares of Skyline Champion by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,613 shares of the company's stock worth $495,000 after purchasing an additional 178 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Skyline Champion by 3.7% in the 4th quarter. HighTower Advisors LLC now owns 5,019 shares of the company's stock worth $442,000 after purchasing an additional 180 shares during the last quarter. Atria Investments Inc grew its stake in shares of Skyline Champion by 5.7% during the fourth 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 period. Finally, PNC Financial Services Group Inc. increased its holdings in Skyline Champion by 3.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,745 shares of the company's stock valued at $506,000 after purchasing an additional 213 shares during the last quarter.

Skyline Champion Stock Up 0.3%

Skyline Champion stock traded up $0.25 during trading on Tuesday, hitting $92.83. 516,889 shares of the company were exchanged, compared to its average volume of 541,362. The company has a market capitalization of $5.32 billion, a P/E ratio of 32.69 and a beta of 1.37. The business's 50 day moving average is $88.84 and its 200 day moving average is $94.11. Skyline Champion Co. has a 52 week low of $64.82 and a 52 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.

Analyst Ratings Changes

Several brokerages have issued reports on SKY. Royal Bank of Canada increased their price target on Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Barclays lowered their target price on Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $88.40.

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.