DnB Asset Management AS Invests $213,000 in Skyline Champion Co. (NYSE:SKY)

DnB Asset Management AS acquired a new position in Skyline Champion Co. (NYSE:SKY) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,417 shares of the company’s stock, valued at approximately $213,000.

A number of other institutional investors have also recently bought and sold shares of SKY. Harvest Fund Management Co. Ltd acquired a new stake in shares of Skyline Champion during the 4th quarter valued at about $36,000. Quarry LP acquired a new stake in shares of Skyline Champion during the 3rd quarter worth about $67,000. Venturi Wealth Management LLC bought a new position in Skyline Champion during the 4th quarter valued at about $112,000. New Age Alpha Advisors LLC bought a new position in shares of Skyline Champion in the fourth quarter valued at approximately $176,000. Finally, KBC Group NV increased its holdings in Skyline Champion by 53.9% during the 4th quarter. KBC Group NV now owns 2,288 shares of the company’s stock valued at $202,000 after purchasing an additional 801 shares in the last quarter.

Skyline Champion Trading Up 2.5 %

Shares of NYSE SKY opened at $94.92 on Thursday. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. Skyline Champion Co. has a twelve month low of $64.82 and a twelve month high of $116.49. The company’s fifty day moving average is $97.89 and its 200-day moving average is $96.02. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 33.42 and a beta of 1.61.

Skyline Champion (NYSE:SKY) last posted its earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts predict that Skyline Champion Co. will post 3.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on SKY. Barclays increased their price objective on shares of Skyline Champion from $90.00 to $106.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Royal Bank of Canada increased their price objective on 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, Skyline Champion has a consensus rating of “Hold” and a consensus target price of $90.20.

Insider Activity at Skyline Champion

In other news, VP Timothy A. Burkhardt sold 3,823 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $104.21, for a total transaction of $451,750.35. Following the sale, the executive vice president now directly owns 39,411 shares in the company, valued at $4,107,020.31. This trade represents a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.90% of the stock is owned by 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.