Victory Capital Management Inc. Has $33.44 Million Stake in Skyline Champion Co. (NYSE:SKY)

Victory Capital Management Inc. raised its holdings in Skyline Champion Co. (NYSE:SKY) by 9.8% in the fourth quarter, Holdings Channel reports. The fund owned 379,595 shares of the company’s stock after acquiring an additional 33,971 shares during the period. Victory Capital Management Inc.’s holdings in Skyline Champion were worth $33,442,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its stake in Skyline Champion by 6.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 682,259 shares of the company’s stock valued at $60,107,000 after acquiring an additional 42,278 shares during the period. US Bancorp DE grew its stake in Skyline Champion by 3,916.3% in the fourth quarter. US Bancorp DE now owns 9,117 shares of the company’s stock valued at $803,000 after acquiring an additional 8,890 shares during the period. Mutual of America Capital Management LLC grew its stake in Skyline Champion by 3.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 93,020 shares of the company’s stock valued at $8,195,000 after acquiring an additional 2,987 shares during the period. Versor Investments LP grew its stake in Skyline Champion by 82.1% in the fourth quarter. Versor Investments LP now owns 7,536 shares of the company’s stock valued at $664,000 after acquiring an additional 3,398 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in Skyline Champion in the fourth quarter valued at about $1,692,000.

Insider Buying and Selling

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 value of $408,564.01. Following the sale, the vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph A. Kimmell sold 4,335 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 39,411 shares in the company, 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 currently owned by corporate insiders.

Skyline Champion Stock Performance

Shares of Skyline Champion stock opened at $96.72 on Monday. The firm has a market cap of $5.54 billion, a price-to-earnings ratio of 34.06 and a beta of 1.61. The stock’s 50-day moving average is $95.79 and its 200-day moving average is $95.52. Skyline Champion Co. has a one year low of $64.82 and a one year high of $116.49. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74.

Skyline Champion (NYSE:SKY) last released its earnings results 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%. Equities analysts predict that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on SKY shares. Barclays boosted 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. Royal Bank of Canada boosted 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 investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Skyline Champion has a consensus rating of “Hold” and a consensus target price 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.