Alberta Investment Management Corp Acquires 9,553 Shares of Skyline Champion Co. (NYSE:SKY)

Alberta Investment Management Corp grew its holdings in Skyline Champion Co. (NYSE:SKY) by 25.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,984 shares of the company’s stock after buying an additional 9,553 shares during the period. Alberta Investment Management Corp’s holdings in Skyline Champion were worth $4,139,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in Skyline Champion by 137.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 127,307 shares of the company’s stock valued at $12,075,000 after buying an additional 73,697 shares during the last quarter. Summit Partners Public Asset Management LLC boosted its holdings in shares of Skyline Champion by 23.3% during the third quarter. Summit Partners Public Asset Management LLC now owns 404,673 shares of the company’s stock worth $38,383,000 after acquiring an additional 76,573 shares during the period. Algert Global LLC grew its position in shares of Skyline Champion by 164.1% in the third quarter. Algert Global LLC now owns 14,590 shares of the company’s stock valued at $1,384,000 after purchasing an additional 9,066 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Skyline Champion by 26.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 119,154 shares of the company’s stock worth $10,497,000 after purchasing an additional 24,781 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Skyline Champion during the 3rd quarter worth approximately $2,369,000.

Analyst Ratings Changes

SKY has been the topic of a number of research reports. Craig Hallum upped their price objective on Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Barclays upped their price target on shares of Skyline Champion from $90.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada lifted their price objective on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $90.20.

Skyline Champion Stock Performance

SKY opened at $103.39 on Friday. The firm has a market cap of $5.92 billion, a P/E ratio of 36.40 and a beta of 1.62. The business’s fifty day moving average is $94.69 and its 200-day moving average is $94.16. Skyline Champion Co. has a 52-week low of $64.82 and a 52-week high of $116.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings data 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 net margin of 6.80% and a return on equity of 13.80%. Sell-side analysts expect that Skyline Champion Co. will post 3.63 EPS for the current fiscal year.

Insider Activity at Skyline Champion

In related news, VP Timothy A. Burkhardt sold 3,823 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total transaction of $408,564.01. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph A. Kimmell sold 4,335 shares of the firm’s stock in a transaction dated 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 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 currently 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.