Northern Trust Corp Raises Position in Skyline Champion Co. (NYSE:SKY)

Northern Trust Corp raised its holdings in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 14.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 571,915 shares of the company's stock after buying an additional 71,439 shares during the quarter. Northern Trust Corp owned about 1.00% of Skyline Champion worth $50,386,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd purchased a new position in shares of Skyline Champion during the fourth quarter worth about $36,000. Sterling Capital Management LLC increased its holdings in shares of Skyline Champion by 645.5% in the 4th quarter. Sterling Capital Management LLC now owns 917 shares of the company's stock worth $81,000 after buying an additional 794 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Skyline Champion during the 4th quarter valued at $108,000. Venturi Wealth Management LLC bought a new stake in shares of Skyline Champion during the 4th quarter worth $112,000. Finally, New Age Alpha Advisors LLC purchased a new position in Skyline Champion in the fourth quarter worth $176,000.

Insider Buying and Selling

In related news, EVP Joseph A. Kimmell sold 4,335 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $104.21, for a total value of $451,750.35. Following the transaction, the executive vice president now directly owns 39,411 shares of the company's stock, valued at approximately $4,107,020.31. This represents a 9.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Timothy A. Burkhardt sold 3,823 shares of Skyline Champion stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total value of $408,564.01. Following the completion of the sale, the vice president now directly owns 32,706 shares of the company's stock, valued at approximately $3,495,290.22. The trade was a 10.47 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on SKY. Royal Bank of Canada lifted 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. Barclays dropped 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 report on Tuesday, April 8th. Five equities research 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 a consensus target price of $88.40.

Skyline Champion Stock Performance

NYSE:SKY opened at $87.33 on Thursday. 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 Co. has a twelve month low of $64.82 and a twelve month high of $116.49. The stock has a market cap of $5.00 billion, a P/E ratio of 30.75 and a beta of 1.37. The firm's fifty day simple moving average is $89.49 and its 200 day simple moving average is $94.06.

Skyline Champion (NYSE:SKY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.80 by $0.24. Skyline Champion had a net margin of 6.80% and a return on equity of 13.80%. As a group, research analysts predict that Skyline Champion Co. will post 3.63 EPS for the current year.

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.

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