Victory Capital Management Inc. Has $31.43 Million Stock Holdings in Skyline Champion Co. (NYSE:SKY)

Victory Capital Management Inc. raised its holdings in Skyline Champion Co. (NYSE:SKY - Free Report) by 18.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 423,213 shares of the company's stock after purchasing an additional 66,293 shares during the quarter. Victory Capital Management Inc. owned 0.73% of Skyline Champion worth $31,428,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. SummerHaven Investment Management LLC increased its stake in Skyline Champion by 1.4% during the 4th quarter. SummerHaven Investment Management LLC now owns 10,909 shares of the company's stock worth $810,000 after buying an additional 150 shares in the last quarter. SkyView Investment Advisors LLC raised its position in shares of Skyline Champion by 3.3% in the third quarter. SkyView Investment Advisors LLC now owns 5,385 shares of the company's stock valued at $343,000 after buying an additional 171 shares during the last quarter. Kestra Private Wealth Services LLC lifted its stake in shares of Skyline Champion by 4.9% in the third quarter. Kestra Private Wealth Services LLC now owns 4,365 shares of the company's stock worth $278,000 after buying an additional 205 shares in the last quarter. Arizona State Retirement System grew its stake in Skyline Champion by 1.5% during the 3rd quarter. Arizona State Retirement System now owns 15,454 shares of the company's stock valued at $985,000 after acquiring an additional 232 shares in the last quarter. Finally, Meritage Portfolio Management raised its holdings in Skyline Champion by 5.2% in the 3rd quarter. Meritage Portfolio Management now owns 4,954 shares of the company's stock valued at $316,000 after acquiring an additional 247 shares during the last quarter.

Skyline Champion Trading Down 1.0 %

NYSE SKY traded down $0.80 during trading on Wednesday, hitting $78.77. The stock had a trading volume of 153,670 shares, compared to its average volume of 274,023. The firm has a 50 day moving average price of $80.36 and a 200 day moving average price of $72.51. 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 Co. has a twelve month low of $52.12 and a twelve month high of $86.71. The company has a market capitalization of $4.55 billion, a PE ratio of 22.53 and a beta of 1.54.

Skyline Champion (NYSE:SKY - Get Free Report) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.70 by $0.12. The company 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, equities research analysts forecast that Skyline Champion Co. will post 3.19 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on SKY. Wedbush reiterated a "neutral" rating and set a $72.00 price objective on shares of Skyline Champion in a research report on Tuesday, February 6th. Royal Bank of Canada raised their price objective on shares of Skyline Champion from $69.00 to $73.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 7th. 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, the company has a consensus rating of "Hold" and an average target price of $71.40.

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.