Swiss National Bank Increases Stake in Skyline Champion Co. (NYSE:SKY)

Swiss National Bank increased its holdings in shares of Skyline Champion Co. (NYSE:SKYGet Rating) by 5.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 127,200 shares of the company’s stock after purchasing an additional 6,400 shares during the period. Swiss National Bank’s holdings in Skyline Champion were worth $6,032,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI increased its stake in Skyline Champion by 8,687.0% during the 1st quarter. National Bank of Canada FI now owns 17,574 shares of the company’s stock worth $941,000 after buying an additional 17,374 shares during the period. State of New Jersey Common Pension Fund D increased its stake in Skyline Champion by 6.2% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 36,942 shares of the company’s stock worth $2,027,000 after buying an additional 2,160 shares during the period. Meeder Asset Management Inc. increased its stake in Skyline Champion by 409.8% during the 2nd quarter. Meeder Asset Management Inc. now owns 42,194 shares of the company’s stock worth $2,002,000 after buying an additional 33,918 shares during the period. Parametrica Management Ltd purchased a new stake in Skyline Champion during the 1st quarter worth approximately $434,000. Finally, Arkadios Wealth Advisors purchased a new stake in Skyline Champion during the 2nd quarter worth approximately $250,000. 99.17% of the stock is owned by hedge funds and other institutional investors.

Skyline Champion Trading Down 0.7 %

NYSE SKY opened at $50.54 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.83 and a quick ratio of 2.17. The firm’s fifty day moving average price is $53.66 and its 200 day moving average price is $54.99. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 7.03 and a beta of 1.93. Skyline Champion Co. has a 12 month low of $43.04 and a 12 month high of $85.92.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Craig Hallum dropped their price objective on shares of Skyline Champion from $75.00 to $65.00 in a research report on Thursday, November 3rd. Royal Bank of Canada downgraded shares of Skyline Champion from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $72.00 to $54.00 in a research report on Thursday, November 3rd. Barclays increased their price objective on shares of Skyline Champion from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday, August 4th. Finally, StockNews.com assumed coverage on shares of Skyline Champion in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock.

Insider Activity at Skyline Champion

In related news, Director Gary E. Robinette sold 1,750 shares of the stock in a transaction on Friday, November 18th. The shares were sold at an average price of $50.28, for a total value of $87,990.00. Following the transaction, the director now directly owns 1,698 shares of the company’s stock, valued at approximately $85,375.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 7.10% of the company’s stock.

Skyline Champion Company Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Skyline Champion (NYSE:SKY)

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