Point72 Asset Management L.P. Purchases 14,536 Shares of Skyline Champion Co. (NYSE:SKY)

Point72 Asset Management L.P. raised its position in Skyline Champion Co. (NYSE:SKY - Free Report) by 204.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,636 shares of the company's stock after acquiring an additional 14,536 shares during the quarter. Point72 Asset Management L.P.'s holdings in Skyline Champion were worth $1,906,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SKY. Harvest Fund Management Co. Ltd bought a new position in shares of Skyline Champion in the 4th quarter worth approximately $36,000. Sterling Capital Management LLC boosted its stake in shares of Skyline Champion by 645.5% during the 4th quarter. Sterling Capital Management LLC now owns 917 shares of the company's stock worth $81,000 after acquiring an additional 794 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Skyline Champion during the 4th quarter valued at $108,000. Venturi Wealth Management LLC purchased a new stake in shares of Skyline Champion in the 4th quarter worth $112,000. Finally, New Age Alpha Advisors LLC bought a new position in Skyline Champion in the 4th quarter worth $176,000.

Skyline Champion Stock Performance

NYSE:SKY opened at $87.43 on Thursday. The stock has a 50-day moving average price of $88.29 and a 200 day moving average price of $94.08. The stock has a market capitalization of $5.01 billion, a P/E 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 current ratio of 2.59, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02.

Analyst Ratings Changes

SKY has been the topic of several analyst reports. Royal Bank of Canada lifted their target price on Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a research report on Thursday, February 6th. Barclays decreased their price objective on Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Skyline Champion has an average rating of "Hold" and an average target price of $88.40.

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.

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