Skyline Champion (NYSE:SKY) Reaches New 12-Month High at $80.73

Skyline Champion Co. (NYSE:SKYGet Free Report)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $80.73 and last traded at $79.92, with a volume of 43303 shares changing hands. The stock had previously closed at $79.51.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Royal Bank of Canada boosted their target price on shares of Skyline Champion from $69.00 to $73.00 and gave the stock a “sector perform” rating in a report on Wednesday. Barclays lifted their target price on shares of Skyline Champion from $61.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Wedbush reissued a “neutral” rating and issued a $72.00 target price on shares of Skyline Champion in a research report on Tuesday, February 6th. Finally, StockNews.com raised shares of Skyline Champion from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $71.40.

Check Out Our Latest Analysis on Skyline Champion

Skyline Champion Trading Up 2.1 %

The stock 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 200 day moving average is $66.16. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.27 and a current ratio of 2.56.

Insider Activity at Skyline Champion

In other news, Director Keith A. Anderson sold 18,750 shares of the stock in a transaction 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 completion of the transaction, the director now owns 238,098 shares in the company, valued at approximately $17,381,154. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 7.00% of the company’s stock.

Hedge Funds Weigh In On Skyline Champion

Hedge funds have recently made changes to their positions in the business. West Tower Group LLC bought a new stake in shares of Skyline Champion in the 2nd quarter worth about $57,000. Comerica Bank bought a new stake in shares of Skyline Champion in the 3rd quarter worth about $62,000. Covestor Ltd grew its holdings in shares of Skyline Champion by 8,505.3% in the 1st quarter. Covestor Ltd now owns 1,635 shares of the company’s stock worth $90,000 after purchasing an additional 1,616 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Skyline Champion in the 3rd quarter worth about $94,000. Finally, Kessler Investment Group LLC bought a new stake in shares of Skyline Champion in the 4th quarter worth about $123,000.

About Skyline Champion

(Get 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.

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