Deutsche Bank AG Raises Stock Position in Skyline Champion Co. (NYSE:SKY)

Deutsche Bank AG boosted its stake in Skyline Champion Co. (NYSE:SKY - Free Report) by 27.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 84,123 shares of the company's stock after purchasing an additional 18,144 shares during the period. Deutsche Bank AG owned approximately 0.15% of Skyline Champion worth $7,411,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SKY. Capital Research Global Investors purchased a new position in shares of Skyline Champion during the 4th quarter worth $98,978,000. Vanguard Group Inc. increased its position in Skyline Champion by 17.3% in the fourth quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company's stock worth $523,578,000 after buying an additional 876,712 shares in the last quarter. Norges Bank purchased a new stake in Skyline Champion in the fourth quarter worth about $69,346,000. Capital World Investors lifted its position 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 valued at $232,484,000 after buying an additional 632,718 shares in the last quarter. Finally, Principal Financial Group Inc. grew 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 valued at $22,635,000 after acquiring an additional 252,601 shares during the period.

Skyline Champion Price Performance

NYSE SKY traded down $2.24 on Wednesday, reaching $87.43. The company had a trading volume of 393,072 shares, compared to its average volume of 543,527. The stock has a market capitalization of $5.01 billion, a PE ratio of 30.78 and a beta of 1.37. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49. 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 firm's 50 day moving average price is $88.43 and its 200 day moving average price is $94.13.

Analyst Ratings Changes

SKY has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price target on shares of 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 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 equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Skyline Champion presently has an average rating of "Hold" and an average target price of $88.40.

Skyline Champion Company 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.