XTX Topco Ltd Invests $712,000 in Skyline Champion Co. (NYSE:SKY)

XTX Topco Ltd purchased a new position in Skyline Champion Co. (NYSE:SKY) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 8,082 shares of the company’s stock, valued at approximately $712,000.

A number of other institutional investors also recently bought and sold shares of SKY. Harvest Fund Management Co. Ltd purchased a new position in shares of Skyline Champion during the fourth quarter worth $36,000. Sterling Capital Management LLC lifted its holdings in shares of Skyline Champion by 645.5% in the 4th quarter. Sterling Capital Management LLC now owns 917 shares of the company’s stock valued at $81,000 after buying an additional 794 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Skyline Champion in the fourth quarter worth about $108,000. Venturi Wealth Management LLC purchased a new position in Skyline Champion during the fourth quarter valued at approximately $112,000. Finally, New Age Alpha Advisors LLC acquired a new position in Skyline Champion in the fourth quarter valued at approximately $176,000.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Barclays decreased their target price on shares of Skyline Champion from $106.00 to $97.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Royal Bank of Canada upped their price target on Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Skyline Champion presently has a consensus rating of “Hold” and a consensus target price of $88.40.

Insider Buying and Selling

In other Skyline Champion 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 value 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 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 shares were sold at an average price of $104.21, for a total transaction of $451,750.35. Following the transaction, the executive vice president now directly owns 39,411 shares in the company, valued at approximately $4,107,020.31. The trade was a 9.91 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by company insiders.

Skyline Champion Trading Up 1.8 %

SKY stock opened at $81.93 on Friday. The business’s 50-day moving average is $94.78 and its 200 day moving average is $95.07. Skyline Champion Co. has a 12-month low of $64.82 and a 12-month high of $116.49. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 28.85 and a beta of 1.41. The company has a current ratio of 2.59, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, beating 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, sell-side analysts anticipate that Skyline Champion Co. will post 3.63 EPS for the current fiscal year.

About Skyline Champion

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.