Skyline Champion Co. (NYSE:SKY) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in shares of Skyline Champion Co. (NYSE:SKYFree Report) by 28.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,101 shares of the company’s stock after purchasing an additional 2,866 shares during the period. Principal Financial Group Inc.’s holdings in Skyline Champion were worth $835,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Skyline Champion by 4.9% during the third quarter. Vanguard Group Inc. now owns 5,901,968 shares of the company’s stock worth $312,037,000 after purchasing an additional 275,120 shares in the last quarter. Wellington Management Group LLP grew its stake in Skyline Champion by 6.1% during the 1st quarter. Wellington Management Group LLP now owns 5,864,485 shares of the company’s stock valued at $321,842,000 after acquiring an additional 335,974 shares in the last quarter. BlackRock Inc. grew its stake in Skyline Champion by 3.8% during the 2nd quarter. BlackRock Inc. now owns 4,176,764 shares of the company’s stock valued at $273,369,000 after acquiring an additional 151,251 shares in the last quarter. Capital World Investors grew its stake in Skyline Champion by 26.5% during the 2nd quarter. Capital World Investors now owns 3,445,908 shares of the company’s stock valued at $225,535,000 after acquiring an additional 721,040 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Skyline Champion by 7.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,415,024 shares of the company’s stock valued at $114,520,000 after acquiring an additional 162,051 shares in the last quarter.

Insider Transactions at Skyline Champion

In other news, Director Keith A. Anderson sold 18,750 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $73.00, for a total value of $1,368,750.00. Following the transaction, the director now directly owns 238,098 shares in the company, valued at approximately $17,381,154. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 7.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SKY shares. Barclays upped their price objective on shares of Skyline Champion from $61.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. StockNews.com raised shares of Skyline Champion from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Royal Bank of Canada upped their price objective on shares of Skyline Champion from $69.00 to $73.00 and gave the company a “sector perform” rating in a research note on Wednesday. Finally, Wedbush reiterated a “neutral” rating and issued a $72.00 target price on shares of Skyline Champion in a report on Tuesday, February 6th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $71.40.

Check Out Our Latest Report on Skyline Champion

Skyline Champion Stock Performance

NYSE:SKY opened at $81.17 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.56 and a quick ratio of 3.27. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 23.26 and a beta of 1.50. The company’s 50-day moving average is $70.94 and its two-hundred day moving average is $66.16. Skyline Champion Co. has a 1-year low of $52.12 and a 1-year high of $81.23.

Skyline Champion Profile

(Free Report)

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.

See Also

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

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