Sherbrooke Park Advisers LLC Raises Stock Position in Skyline Champion Co. (NYSE:SKY)

Sherbrooke Park Advisers LLC grew its holdings in shares of Skyline Champion Co. (NYSE:SKY) by 26.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,328 shares of the company’s stock after purchasing an additional 897 shares during the period. Sherbrooke Park Advisers LLC’s holdings in Skyline Champion were worth $381,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Capital Research Global Investors purchased a new stake in shares of Skyline Champion during the fourth quarter worth approximately $98,978,000. Vanguard Group Inc. increased its stake in shares of Skyline Champion by 17.3% during the fourth quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company’s stock worth $523,578,000 after buying an additional 876,712 shares during the period. Norges Bank purchased a new stake in shares of Skyline Champion during the fourth quarter worth approximately $69,346,000. Capital World Investors increased its stake in shares of Skyline Champion by 31.5% during the fourth quarter. Capital World Investors now owns 2,638,862 shares of the company’s stock worth $232,484,000 after buying an additional 632,718 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Skyline Champion by 5,843.2% during the fourth quarter. Principal Financial Group Inc. now owns 256,924 shares of the company’s stock worth $22,635,000 after buying an additional 252,601 shares during the period.

Skyline Champion Stock Performance

Shares of SKY opened at $92.14 on Friday. The stock has a 50 day moving average price of $88.57 and a 200 day moving average price of $94.13. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $5.28 billion, a price-to-earnings ratio of 32.44 and a beta of 1.37. Skyline Champion Co. has a 52-week low of $64.82 and a 52-week high of $116.49.

Analyst Upgrades and Downgrades

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

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.