Aristides Capital LLC Acquires 2,610 Shares of Skyline Champion Co. (NYSE:SKY)

Aristides Capital LLC grew its holdings in shares of Skyline Champion Co. (NYSE:SKY) by 52.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,610 shares of the company’s stock after acquiring an additional 2,610 shares during the quarter. Aristides Capital LLC’s holdings in Skyline Champion were worth $670,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. SkyView Investment Advisors LLC lifted its position in Skyline Champion by 2.2% during the third quarter. SkyView Investment Advisors LLC now owns 6,243 shares of the company’s stock valued at $592,000 after purchasing an additional 132 shares during the last quarter. Ulland Investment Advisors LLC lifted its holdings in shares of Skyline Champion by 0.3% during the 4th quarter. Ulland Investment Advisors LLC now owns 52,610 shares of the company’s stock worth $4,635,000 after acquiring an additional 171 shares during the last quarter. HighTower Advisors LLC grew its position in Skyline Champion by 3.7% in the fourth quarter. HighTower Advisors LLC now owns 5,019 shares of the company’s stock worth $442,000 after acquiring an additional 180 shares in the last quarter. Atria Investments Inc increased its stake in Skyline Champion by 5.7% in the fourth quarter. Atria Investments Inc now owns 3,726 shares of the company’s stock valued at $328,000 after acquiring an additional 202 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Skyline Champion by 3.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,745 shares of the company’s stock valued at $506,000 after purchasing an additional 213 shares in the last quarter.

Skyline Champion Stock Up 0.8 %

SKY opened at $86.97 on Friday. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49. The company has a current ratio of 2.59, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. The business’s 50-day moving average price is $97.78 and its 200-day moving average price is $95.92. The company has a market cap of $4.98 billion, a P/E ratio of 30.62 and a beta of 1.41.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings data 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 return on equity of 13.80% and a net margin of 6.80%. On average, equities analysts expect that Skyline Champion Co. will post 3.63 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on SKY shares. Barclays increased 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. 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 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. Based on data from MarketBeat.com, Skyline Champion currently has an average rating of “Hold” and an average target price of $90.20.

Insider Buying and Selling at Skyline Champion

In other Skyline Champion news, VP Timothy A. Burkhardt sold 3,823 shares of the company’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 owns 32,706 shares of the company’s stock, valued at $3,495,290.22. This represents a 10.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $104.21, for a total value of $451,750.35. Following the completion of the sale, the executive vice president now owns 39,411 shares of the company’s stock, 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. 6.90% of the stock is currently 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.