Castleark Management LLC Increases Position in Skyline Champion Co. (NYSE:SKY)

Castleark Management LLC increased its stake in Skyline Champion Co. (NYSE:SKY - Free Report) by 19.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,020 shares of the company's stock after purchasing an additional 9,520 shares during the quarter. Castleark Management LLC owned approximately 0.10% of Skyline Champion worth $5,200,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SKY. Capital Research Global Investors bought a new stake in shares of Skyline Champion in the 4th quarter valued at approximately $98,978,000. Vanguard Group Inc. lifted its stake in shares of Skyline Champion by 17.3% during the 4th quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company's stock worth $523,578,000 after acquiring an additional 876,712 shares during the last quarter. Norges Bank bought a new stake in shares of Skyline Champion during the 4th quarter worth approximately $69,346,000. Capital World Investors lifted its stake in shares of Skyline Champion by 31.5% during the 4th quarter. Capital World Investors now owns 2,638,862 shares of the company's stock worth $232,484,000 after acquiring an additional 632,718 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Skyline Champion by 5,843.2% during the 4th quarter. Principal Financial Group Inc. now owns 256,924 shares of the company's stock worth $22,635,000 after acquiring an additional 252,601 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SKY shares. Barclays decreased their price target 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. Royal Bank of Canada raised their price target on Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 6th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Skyline Champion has a consensus rating of "Hold" and an average price target of $88.40.

Skyline Champion Trading Down 1.8%

SKY traded down $1.57 during trading on Friday, hitting $84.09. 702,271 shares of the stock were exchanged, compared to its average volume of 542,993. The firm has a 50 day simple moving average of $87.99 and a 200 day simple moving average of $94.01. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 29.61 and a beta of 1.37. Skyline Champion Co. has a 1 year low of $64.82 and a 1 year high of $116.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59.

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.