Castleark Management LLC Purchases 9,520 Shares of Skyline Champion Co. (NYSE:SKY)

Castleark Management LLC boosted its stake in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 19.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,020 shares of the company's stock after buying an additional 9,520 shares during the period. Castleark Management LLC owned about 0.10% of Skyline Champion worth $5,200,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Barclays PLC grew its holdings in Skyline Champion by 136.9% in the 3rd quarter. Barclays PLC now owns 111,140 shares of the company's stock valued at $10,543,000 after buying an additional 64,229 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Skyline Champion by 0.3% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 192,464 shares of the company's stock worth $16,956,000 after purchasing an additional 550 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of Skyline Champion during the 4th quarter worth about $210,000. KBC Group NV boosted its position in Skyline Champion by 53.9% in the fourth quarter. KBC Group NV now owns 2,288 shares of the company's stock valued at $202,000 after buying an additional 801 shares in the last quarter. Finally, Jennison Associates LLC bought a new position in Skyline Champion in the 4th quarter valued at $659,000.

Skyline Champion Price Performance

Shares of SKY stock traded down $12.95 on Tuesday, reaching $71.31. The company had a trading volume of 1,133,052 shares, compared to its average volume of 545,919. The stock has a market capitalization of $4.08 billion, a PE ratio of 25.03 and a beta of 1.37. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. The business's 50-day moving average is $87.76 and its 200 day moving average is $93.92. Skyline Champion Co. has a one year low of $64.82 and a one year high of $116.49.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SKY. 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 report on Thursday, February 6th. Barclays cut 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 research note on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Skyline Champion presently has an average rating of "Hold" and an average target price of $88.40.

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.