BNP Paribas Financial Markets Has $588,000 Stock Holdings in Skyline Champion Co. (NYSE:SKY)

BNP Paribas Financial Markets lessened its stake in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 80.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,672 shares of the company's stock after selling 27,222 shares during the quarter. BNP Paribas Financial Markets' holdings in Skyline Champion were worth $588,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of SKY. Bank of New York Mellon Corp lifted its holdings in shares of Skyline Champion by 80.7% during the fourth quarter. Bank of New York Mellon Corp now owns 351,060 shares of the company's stock valued at $30,928,000 after acquiring an additional 156,757 shares during the period. XTX Topco Ltd bought a new stake in shares of Skyline Champion in the 4th quarter worth about $712,000. Van ECK Associates Corp increased its position in shares of Skyline Champion by 21.8% during the 4th quarter. Van ECK Associates Corp now owns 40,108 shares of the company's stock worth $3,534,000 after purchasing an additional 7,184 shares in the last quarter. Rhumbline Advisers lifted its holdings in Skyline Champion by 85.0% during the 4th quarter. Rhumbline Advisers now owns 151,781 shares of the company's stock valued at $13,372,000 after purchasing an additional 69,756 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Skyline Champion in the fourth quarter valued at about $1,692,000.

Analysts Set New Price Targets

Several analysts have weighed in 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 note on Thursday, February 6th. Barclays reduced their target price on Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $88.40.

Skyline Champion Price Performance

SKY traded down $13.81 during midday trading on Tuesday, hitting $70.45. The company had a trading volume of 2,785,355 shares, compared to its average volume of 551,963. Skyline Champion Co. has a twelve month low of $64.82 and a twelve month high of $116.49. The company has a market capitalization of $4.04 billion, a PE ratio of 24.81 and a beta of 1.37. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59. The firm's 50-day simple moving average is $87.76 and its 200-day simple moving average is $93.92.

Skyline Champion (NYSE:SKY - Get Free Report) last issued its quarterly 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). Skyline Champion had a net margin of 6.80% and a return on equity of 13.80%. The company had revenue of $593.87 million during the quarter, compared to analyst estimates of $595.42 million. During the same period in the prior year, the business earned $0.62 EPS. The business's revenue for the quarter was up .7% on a year-over-year basis. Equities research analysts predict that Skyline Champion Co. will post 3.63 EPS 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.