Tower Research Capital LLC TRC Grows Stock Holdings in Skyline Champion Co. (NYSE:SKY)

Tower Research Capital LLC TRC increased its position in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 1,252.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,084 shares of the company's stock after buying an additional 2,856 shares during the period. Tower Research Capital LLC TRC's holdings in Skyline Champion were worth $272,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of SKY. Barclays PLC raised its holdings in Skyline Champion by 136.9% in the 3rd quarter. Barclays PLC now owns 111,140 shares of the company's stock valued at $10,543,000 after acquiring an additional 64,229 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Skyline Champion by 137.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 127,307 shares of the company's stock worth $12,075,000 after acquiring an additional 73,697 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Skyline Champion by 35.5% in the 4th quarter. Nordea Investment Management AB now owns 96,650 shares of the company's stock valued at $8,620,000 after purchasing an additional 25,317 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Skyline Champion by 26.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 119,154 shares of the company's stock worth $10,497,000 after acquiring an additional 24,781 shares during the last quarter. Finally, Burney Co. boosted its position in Skyline Champion by 10.5% in the fourth quarter. Burney Co. now owns 12,254 shares of the company's stock valued at $1,080,000 after buying an additional 1,164 shares in the last quarter.

Skyline Champion Stock Performance

Shares of SKY stock traded down $0.10 during trading on Friday, hitting $89.54. The company's stock had a trading volume of 91,244 shares, compared to its average volume of 536,939. The company has a market cap of $5.13 billion, a PE ratio of 31.53 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 Co. has a 52 week low of $64.82 and a 52 week high of $116.49. The business has a fifty day moving average of $89.28 and a 200-day moving average of $94.04.

Skyline Champion (NYSE:SKY - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts anticipate that Skyline Champion Co. will post 3.63 earnings per share for the current year.

Insider Activity at Skyline Champion

In related news, EVP Joseph A. Kimmell sold 4,335 shares of the firm's 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 sale, the executive vice president now directly owns 39,411 shares of the company's stock, valued at $4,107,020.31. This trade represents a 9.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 that occurred 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 completion of the transaction, the vice president now directly owns 32,706 shares of the company's stock, valued at approximately $3,495,290.22. This represents a 10.47 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SKY shares. Barclays lowered their target price 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 upped their target price on Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Skyline Champion presently has a consensus rating of "Hold" and an average target price 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.