1,995 Shares in Skyline Champion Co. (NYSE:SKY) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new stake in shares of Skyline Champion Co. (NYSE:SKY) during the 4th quarter, Holdings Channel.com reports. The fund purchased 1,995 shares of the company’s stock, valued at approximately $176,000.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Skyline Champion by 17.3% during the fourth quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company’s stock worth $523,578,000 after purchasing an additional 876,712 shares during the last quarter. Norges Bank bought a new stake in shares of Skyline Champion in the fourth quarter valued at about $69,346,000. FMR LLC lifted its stake in Skyline Champion by 32.3% in the third quarter. FMR LLC now owns 1,491,907 shares of the company’s stock worth $141,507,000 after acquiring an additional 363,885 shares during the period. Principal Financial Group Inc. increased its position in Skyline Champion by 5,843.2% during the 4th quarter. Principal Financial Group Inc. now owns 256,924 shares of the company’s stock valued at $22,635,000 after purchasing an additional 252,601 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Skyline Champion by 80.7% in the 4th quarter. Bank of New York Mellon Corp now owns 351,060 shares of the company’s stock valued at $30,928,000 after purchasing an additional 156,757 shares in the last quarter.

Skyline Champion Stock Performance

Shares of SKY stock opened at $94.92 on Thursday. 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 company has a market cap of $5.44 billion, a PE ratio of 33.42 and a beta of 1.61. Skyline Champion Co. has a 12-month low of $64.82 and a 12-month high of $116.49. The business’s fifty day simple moving average is $97.89 and its 200-day simple moving average is $96.02.

Skyline Champion (NYSE:SKY) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.24. Skyline Champion had a return on equity of 13.80% and a net margin of 6.80%. Analysts expect that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Skyline Champion news, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $104.21, for a total transaction 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. The trade was a 9.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Timothy A. Burkhardt sold 3,823 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total value of $408,564.01. Following the completion of the transaction, the vice president now directly owns 32,706 shares in the company, valued at $3,495,290.22. This represents a 10.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Barclays lifted their price objective on shares of Skyline Champion from $90.00 to $106.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Royal Bank of Canada lifted their price target on Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Skyline Champion currently has a consensus rating of “Hold” and an average price target of $90.20.

About Skyline Champion

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.