Vista Finance LLC Invests $319,000 in Skyline Champion Co. (NYSE:SKY)

Vista Finance LLC bought a new position in shares of Skyline Champion Co. (NYSE:SKY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,620 shares of the company’s stock, valued at approximately $319,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Truvestments Capital LLC bought a new stake in shares of Skyline Champion during the 3rd quarter worth $32,000. Quarry LP purchased a new position in Skyline Champion in the 3rd quarter worth about $67,000. nVerses Capital LLC acquired a new stake in Skyline Champion during the 3rd quarter worth about $76,000. MML Investors Services LLC purchased a new stake in Skyline Champion during the third quarter valued at about $216,000. Finally, CWM LLC boosted its holdings in shares of Skyline Champion by 7.4% in the third quarter. CWM LLC now owns 2,286 shares of the company’s stock worth $217,000 after buying an additional 158 shares during the period.

Insider Activity

In other Skyline Champion news, VP Timothy A. Burkhardt sold 3,823 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total transaction of $408,564.01. Following the transaction, the vice president now directly owns 32,706 shares in the company, valued at $3,495,290.22. This trade 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 the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was 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 of the company’s stock, 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 owned by corporate insiders.

Skyline Champion Stock Down 0.7 %

SKY stock opened at $107.40 on Friday. The company has a 50 day moving average of $94.95 and a two-hundred day moving average of $93.53. The company has a quick ratio of 1.64, a current ratio of 2.59 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 company has a market cap of $6.15 billion, a price-to-earnings ratio of 37.82 and a beta of 1.62.

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 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%. On average, equities analysts anticipate that Skyline Champion Co. will post 3.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Craig Hallum upped their price target on shares of Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Barclays increased their target price on Skyline Champion from $90.00 to $106.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada lifted 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $90.20.

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.