Skyline Champion Co. (NYSE:SKY) Shares Acquired by Castleark Management LLC

Castleark Management LLC lifted its holdings in Skyline Champion Co. (NYSE:SKY) by 19.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,020 shares of the company’s stock after purchasing an additional 9,520 shares during the period. Castleark Management LLC’s holdings in Skyline Champion were worth $5,200,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. PharVision Advisers LLC purchased a new position in Skyline Champion in the 4th quarter valued at approximately $216,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Skyline Champion by 16.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 122,804 shares of the company’s stock valued at $10,819,000 after acquiring an additional 17,291 shares in the last quarter. Vident Advisory LLC boosted its holdings in Skyline Champion by 60.0% in the fourth quarter. Vident Advisory LLC now owns 4,234 shares of the company’s stock valued at $373,000 after purchasing an additional 1,588 shares during the period. Two Sigma Advisers LP boosted its holdings in Skyline Champion by 3.6% in the fourth quarter. Two Sigma Advisers LP now owns 5,800 shares of the company’s stock valued at $511,000 after purchasing an additional 200 shares during the period. Finally, Summit Partners Public Asset Management LLC grew its stake in Skyline Champion by 30.4% during the 4th quarter. Summit Partners Public Asset Management LLC now owns 527,770 shares of the company’s stock worth $46,497,000 after purchasing an additional 123,097 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SKY shares. Royal Bank of Canada increased their price target 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. Barclays cut their target price on shares of Skyline Champion from $106.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $88.40.

Skyline Champion Stock Performance

Shares of SKY stock opened at $87.43 on Thursday. The company has a market cap of $5.01 billion, a P/E ratio of 30.78 and a beta of 1.37. The firm has a fifty day moving average price of $88.29 and a 200 day moving average price of $94.08. The company has a current ratio of 2.59, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49.

Skyline Champion Company 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.