Ameriprise Financial Inc. Increases Stock Position in Skyline Champion Co. (NYSE:SKY)

Ameriprise Financial Inc. lifted its stake in Skyline Champion Co. (NYSE:SKY - Free Report) by 17.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,646,482 shares of the company's stock after acquiring an additional 241,326 shares during the period. Ameriprise Financial Inc. owned approximately 2.87% of Skyline Champion worth $145,055,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new stake in shares of Skyline Champion during the fourth quarter valued at about $36,000. Sterling Capital Management LLC boosted its holdings in Skyline Champion by 645.5% in the 4th quarter. Sterling Capital Management LLC now owns 917 shares of the company's stock valued at $81,000 after purchasing an additional 794 shares during the period. Headlands Technologies LLC bought a new position in shares of Skyline Champion in the fourth quarter worth $108,000. Venturi Wealth Management LLC purchased a new position in Skyline Champion during the fourth quarter worth about $112,000. Finally, New Age Alpha Advisors LLC bought a new position in Skyline Champion in the 4th quarter worth about $176,000.

Insider Transactions at Skyline Champion

In other news, 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 transaction of $408,564.01. Following the transaction, the vice president now owns 32,706 shares in the company, valued at $3,495,290.22. The trade was a 10.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joseph A. Kimmell sold 4,335 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $104.21, for a total value of $451,750.35. Following the sale, the executive vice president now owns 39,411 shares in the company, valued at approximately $4,107,020.31. This trade represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a research note on Thursday, February 6th. Barclays dropped their price objective on shares of Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Five 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, the company presently has an average rating of "Hold" and a consensus target price of $88.40.

Skyline Champion Trading Up 0.1 %

Shares of NYSE SKY traded up $0.08 during trading hours on Friday, hitting $89.72. 322,835 shares of the company traded hands, compared to its average volume of 539,221. The company's 50 day moving average price is $89.11 and its 200 day moving average price is $94.03. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 31.59 and a beta of 1.37. The company has a current ratio of 2.59, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY - Get Free Report) last released 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 net margin of 6.80% and a return on equity of 13.80%. On average, equities research analysts anticipate that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal 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.