Vista Finance LLC Buys New Stake in Skyline Champion Co. (NYSE:SKY)

Vista Finance LLC bought a new stake in Skyline Champion Co. (NYSE:SKY) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,620 shares of the company’s stock, valued at approximately $319,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Truvestments Capital LLC bought a new stake in shares of Skyline Champion in the third quarter valued at approximately $32,000. Quarry LP bought a new stake in Skyline Champion in the 3rd quarter valued at $67,000. nVerses Capital LLC acquired a new stake in Skyline Champion in the 3rd quarter worth $76,000. MML Investors Services LLC bought a new position in shares of Skyline Champion during the 3rd quarter worth about $216,000. Finally, CWM LLC increased its holdings in shares of Skyline Champion by 7.4% during the 3rd quarter. CWM LLC now owns 2,286 shares of the company’s stock worth $217,000 after purchasing an additional 158 shares during the period.

Skyline Champion Trading Down 0.7 %

Shares of SKY opened at $107.40 on Friday. The company has a current ratio of 2.59, a quick ratio of 1.64 and a debt-to-equity ratio of 0.02. The stock has a market cap of $6.15 billion, a PE ratio of 37.82 and a beta of 1.62. Skyline Champion Co. has a 1 year low of $64.82 and a 1 year high of $116.49. The stock has a 50 day simple moving average of $94.95 and a 200-day simple moving average of $93.53.

Skyline Champion (NYSE:SKY) last released its quarterly earnings data 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%. On average, sell-side analysts predict that Skyline Champion Co. will post 3.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SKY shares. Royal Bank of Canada lifted 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. Craig Hallum lifted their price objective on Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Barclays upped their target price on Skyline Champion from $90.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $90.20.

Insider Buying and Selling

In related news, VP Timothy A. Burkhardt sold 3,823 shares of the firm’s 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 completion of the sale, the vice president now directly owns 32,706 shares of the company’s stock, valued at $3,495,290.22. This trade represents a 10.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Joseph A. Kimmell sold 4,335 shares of the business’s stock in a transaction 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 transaction, the executive vice president now directly owns 39,411 shares in the company, valued at approximately $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 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.