15,000 Shares in Skyline Champion Co. (NYSE:SKY) Purchased by ABS Direct Equity Fund LLC

ABS Direct Equity Fund LLC acquired a new position in shares of Skyline Champion Co. (NYSE:SKY - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 15,000 shares of the company's stock, valued at approximately $1,114,000.

Several other institutional investors have also added to or reduced their stakes in SKY. William Blair Investment Management LLC boosted its position in Skyline Champion by 19.1% during the third quarter. William Blair Investment Management LLC now owns 1,112,034 shares of the company's stock valued at $70,859,000 after purchasing an additional 178,099 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Skyline Champion by 0.7% in the third quarter. Ameriprise Financial Inc. now owns 1,058,324 shares of the company's stock valued at $67,432,000 after buying an additional 7,855 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in Skyline Champion by 16.8% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 703,157 shares of the company's stock worth $52,217,000 after buying an additional 101,265 shares during the last quarter. Burgundy Asset Management Ltd. raised its position in Skyline Champion by 5.7% during the third quarter. Burgundy Asset Management Ltd. now owns 600,406 shares of the company's stock worth $38,258,000 after acquiring an additional 32,480 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Skyline Champion by 5.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 559,285 shares of the company's stock valued at $35,638,000 after acquiring an additional 27,517 shares during the last quarter.

Skyline Champion Stock Performance

Shares of SKY traded up $1.62 during midday trading on Friday, reaching $78.93. 186,037 shares of the stock were exchanged, compared to its average volume of 241,232. The stock's 50 day simple moving average is $80.48 and its 200 day simple moving average is $72.22. The company has a market cap of $4.56 billion, a P/E ratio of 22.62 and a beta of 1.54. Skyline Champion Co. has a twelve month low of $52.12 and a twelve month high of $86.71. The company has a quick ratio of 1.71, a current ratio of 2.56 and a debt-to-equity ratio of 0.02.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wedbush reiterated a "neutral" rating and issued a $72.00 target price on shares of Skyline Champion in a research note on Tuesday, February 6th. Royal Bank of Canada lifted their target price on Skyline Champion from $69.00 to $73.00 and gave the stock a "sector perform" rating in a research note on Wednesday, February 7th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target 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.