Nordea Investment Management AB Invests $4.78 Million in Skyline Champion Co. (NYSE:SKY)

Nordea Investment Management AB bought a new stake in shares of Skyline Champion Co. (NYSE:SKY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 64,314 shares of the company's stock, valued at approximately $4,775,000. Nordea Investment Management AB owned approximately 0.11% of Skyline Champion at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Thrivent Financial for Lutherans increased its stake in Skyline Champion by 83.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,054,825 shares of the company's stock worth $134,488,000 after buying an additional 935,274 shares during the period. Capital World Investors lifted its holdings in Skyline Champion by 26.5% during the 2nd quarter. Capital World Investors now owns 3,445,908 shares of the company's stock worth $225,535,000 after buying an additional 721,040 shares during the last quarter. Norges Bank acquired a new position in shares of Skyline Champion in the 4th quarter worth approximately $29,368,000. Wellington Management Group LLP raised its position in shares of Skyline Champion by 6.1% during the 1st quarter. Wellington Management Group LLP now owns 5,864,485 shares of the company's stock valued at $321,842,000 after acquiring an additional 335,974 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of Skyline Champion by 106.2% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 601,892 shares of the company's stock worth $38,353,000 after buying an additional 310,065 shares during the last quarter.

Skyline Champion Price Performance

SKY stock traded down $1.15 during trading on Friday, hitting $84.55. The company had a trading volume of 295,349 shares, compared to its average volume of 234,412. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of 24.23 and a beta of 1.53. The company has a current ratio of 2.56, a quick ratio of 1.71 and a debt-to-equity ratio of 0.02. The business has a 50 day moving average of $78.00 and a 200 day moving average of $69.27. Skyline Champion Co. has a fifty-two week low of $52.12 and a fifty-two week high of $86.71.

Skyline Champion (NYSE:SKY - Get Free Report) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.12. The business had revenue of $559.46 million during the quarter, compared to analysts' expectations of $505.20 million. Skyline Champion had a net margin of 10.19% and a return on equity of 15.45%. As a group, research analysts predict that Skyline Champion Co. will post 3.19 earnings per share for the current year.

Analysts Set New Price Targets

SKY has been the subject of a number of analyst reports. Royal Bank of Canada boosted their price objective on Skyline Champion from $69.00 to $73.00 and gave the company a "sector perform" rating in a research report on Wednesday, February 7th. Wedbush restated a "neutral" rating and set a $72.00 price target on shares of Skyline Champion in a research report on Tuesday, February 6th. Barclays boosted their target price on shares of Skyline Champion from $61.00 to $69.00 and gave the company an "equal weight" rating in a research note on Wednesday, December 13th. Finally, StockNews.com upgraded shares of Skyline Champion from a "sell" rating to a "hold" rating in a research note on Friday, December 1st. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $71.40.

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.