Deutsche Bank AG Raises Position in Skyline Champion Co. (NYSE:SKY)

Deutsche Bank AG increased its holdings in shares of Skyline Champion Co. (NYSE:SKY) by 27.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,123 shares of the company’s stock after buying an additional 18,144 shares during the quarter. Deutsche Bank AG’s holdings in Skyline Champion were worth $7,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its holdings in Skyline Champion by 80.7% in the fourth quarter. Bank of New York Mellon Corp now owns 351,060 shares of the company’s stock worth $30,928,000 after acquiring an additional 156,757 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Skyline Champion in the 4th quarter valued at approximately $712,000. Van ECK Associates Corp boosted its stake in Skyline Champion by 21.8% in the 4th quarter. Van ECK Associates Corp now owns 40,108 shares of the company’s stock worth $3,534,000 after purchasing an additional 7,184 shares in the last quarter. Rhumbline Advisers boosted its stake in Skyline Champion by 85.0% in the 4th quarter. Rhumbline Advisers now owns 151,781 shares of the company’s stock worth $13,372,000 after purchasing an additional 69,756 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in Skyline Champion during the 4th quarter worth approximately $1,692,000.

Skyline Champion Stock Performance

SKY opened at $92.14 on Friday. 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. The firm has a 50 day moving average of $88.57 and a two-hundred day moving average of $94.13. The firm has a market capitalization of $5.28 billion, a PE ratio of 32.44 and a beta of 1.37.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Barclays decreased their price target on shares of Skyline Champion from $106.00 to $97.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada upped their target price 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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $88.40.

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.