CANADA LIFE ASSURANCE Co Has $5.01 Million Stock Holdings in Skyline Champion Co. (NYSE:SKY)

CANADA LIFE ASSURANCE Co increased its position in Skyline Champion Co. (NYSE:SKY - Free Report) by 328.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 56,876 shares of the company's stock after buying an additional 43,608 shares during the period. CANADA LIFE ASSURANCE Co owned 0.10% of Skyline Champion worth $5,010,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd acquired a new position in Skyline Champion during the fourth quarter worth $36,000. Sterling Capital Management LLC lifted its stake in shares of Skyline Champion by 645.5% in the fourth 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 bought a new stake in shares of Skyline Champion during the 4th quarter worth $108,000. Venturi Wealth Management LLC bought a new position in Skyline Champion in the 4th quarter worth $112,000. Finally, New Age Alpha Advisors LLC acquired a new position in Skyline Champion during the 4th quarter worth $176,000.

Skyline Champion Price Performance

Skyline Champion stock traded down $0.03 on Tuesday, reaching $84.20. The company's stock had a trading volume of 25,601 shares, compared to its average volume of 530,855. The business's fifty day moving average price is $91.54 and its 200 day moving average price is $94.53. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 29.70 and a beta of 1.41. Skyline Champion Co. has a twelve month low of $64.82 and a twelve month high of $116.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59.

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

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

SKY has been the subject of several research analyst reports. Barclays cut their price objective on 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. Royal Bank of Canada increased their price target on shares of Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Skyline Champion has a consensus rating of "Hold" and a consensus price target of $88.40.

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.