GTS Securities LLC Buys Shares of 4,340 Skyline Champion Co. (NYSE:SKY)

GTS Securities LLC acquired a new position in Skyline Champion Co. (NYSE:SKY - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,340 shares of the company's stock, valued at approximately $382,000.

Other hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its holdings in shares of Skyline Champion by 80.7% in the 4th quarter. Bank of New York Mellon Corp now owns 351,060 shares of the company's stock worth $30,928,000 after acquiring an additional 156,757 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Skyline Champion in the fourth quarter worth $712,000. Van ECK Associates Corp increased its stake in shares of Skyline Champion by 21.8% in the fourth quarter. Van ECK Associates Corp now owns 40,108 shares of the company's stock worth $3,534,000 after buying an additional 7,184 shares during the period. Rhumbline Advisers increased its stake in shares of Skyline Champion by 85.0% in the fourth quarter. Rhumbline Advisers now owns 151,781 shares of the company's stock worth $13,372,000 after buying an additional 69,756 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in shares of Skyline Champion in the fourth quarter worth $1,692,000.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Royal Bank of Canada decreased their target price on shares of Skyline Champion from $96.00 to $82.00 and set a "sector perform" rating on the stock in a research note on Wednesday. Barclays decreased their target price on shares of Skyline Champion from $97.00 to $72.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Skyline Champion has a consensus rating of "Hold" and a consensus price target of $80.60.

Skyline Champion Trading Down 0.5%

Skyline Champion stock traded down $0.34 during mid-day trading on Thursday, reaching $65.28. 1,562,218 shares of the company traded hands, compared to its average volume of 564,701. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74. The firm's 50 day moving average price is $86.06 and its 200 day moving average price is $93.34. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 22.99 and a beta of 1.37. Skyline Champion Co. has a 52-week low of $64.47 and a 52-week high of $116.49.

Skyline Champion (NYSE:SKY - Get Free Report) last released its earnings results on Tuesday, May 27th. The company reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.75 by ($0.10). The business had revenue of $593.87 million during the quarter, compared to analysts' expectations of $595.42 million. Skyline Champion had a return on equity of 13.80% and a net margin of 6.80%. The firm's quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 earnings per share. On average, analysts anticipate that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

Skyline Champion 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.