Xponance Inc. Purchases 352 Shares of Skyline Champion Co. (NYSE:SKY)

Xponance Inc. grew its position in shares of Skyline Champion Co. (NYSE:SKY) by 10.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,855 shares of the company’s stock after purchasing an additional 352 shares during the quarter. Xponance Inc.’s holdings in Skyline Champion were worth $340,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SKY. Truvestments Capital LLC purchased a new position in shares of Skyline Champion during the third quarter worth approximately $32,000. Quarry LP purchased a new position in Skyline Champion in the 3rd quarter worth $67,000. Venturi Wealth Management LLC bought a new stake in Skyline Champion in the fourth quarter worth $112,000. KBC Group NV boosted its position in Skyline Champion by 53.9% during the fourth quarter. KBC Group NV now owns 2,288 shares of the company’s stock valued at $202,000 after buying an additional 801 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Skyline Champion during the fourth quarter valued at about $210,000.

Skyline Champion Price Performance

Shares of SKY stock opened at $96.76 on Friday. 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 Co. has a fifty-two week low of $64.82 and a fifty-two week high of $116.49. The firm has a market cap of $5.54 billion, a P/E ratio of 34.07 and a beta of 1.61. The business’s 50 day moving average price is $97.60 and its 200-day moving average price is $95.86.

Skyline Champion (NYSE:SKY) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, beating 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 year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada boosted their target price on 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 boosted their price objective on Skyline Champion from $90.00 to $106.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Skyline Champion presently has a consensus rating of “Hold” and a consensus price target of $90.20.

Insider Activity at Skyline Champion

In related news, VP Timothy A. Burkhardt sold 3,823 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total value of $408,564.01. Following the sale, the vice president now directly owns 32,706 shares of the company’s stock, valued at $3,495,290.22. This represents a 10.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph A. Kimmell sold 4,335 shares of the firm’s stock in a transaction 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 directly owns 39,411 shares of the company’s stock, valued at $4,107,020.31. This represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is owned by corporate insiders.

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.