Skyline Champion Co. (NYSE:SKY) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG raised its position in Skyline Champion Co. (NYSE:SKY - Free Report) by 27.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 84,123 shares of the company's stock after purchasing an additional 18,144 shares during the period. Deutsche Bank AG owned 0.15% of Skyline Champion worth $7,411,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Baird Financial Group Inc. purchased a new position in shares of Skyline Champion during the 4th quarter worth $288,000. Ameriprise Financial Inc. raised its holdings in shares of Skyline Champion by 17.2% during the 4th quarter. Ameriprise Financial Inc. now owns 1,646,482 shares of the company's stock worth $145,055,000 after acquiring an additional 241,326 shares during the period. Comerica Bank raised its holdings in shares of Skyline Champion by 2,275.8% during the 4th quarter. Comerica Bank now owns 18,674 shares of the company's stock worth $1,645,000 after acquiring an additional 17,888 shares during the period. Northern Trust Corp raised its holdings in shares of Skyline Champion by 14.3% during the 4th quarter. Northern Trust Corp now owns 571,915 shares of the company's stock worth $50,386,000 after acquiring an additional 71,439 shares during the period. Finally, Stifel Financial Corp raised its holdings in shares of Skyline Champion by 11.2% during the 4th quarter. Stifel Financial Corp now owns 9,238 shares of the company's stock worth $814,000 after acquiring an additional 933 shares during the period.

Analysts Set New Price Targets

SKY has been the topic of several analyst reports. Barclays reduced their price target 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. Royal Bank of Canada increased their target price 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. 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, Skyline Champion currently has an average rating of "Hold" and a consensus price target of $88.40.

Skyline Champion Trading Down 1.8%

Shares of SKY traded down $1.57 during trading on Friday, reaching $84.09. 702,271 shares of the company traded hands, compared to its average volume of 542,309. Skyline Champion Co. has a twelve month low of $64.82 and a twelve month high of $116.49. The stock has a market cap of $4.82 billion, a PE ratio of 29.61 and a beta of 1.37. The stock has a 50-day simple moving average of $87.99 and a 200-day simple moving average of $93.99. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02.

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.