Mackenzie Financial Corp Takes $246,000 Position in Skyline Champion Co. (NYSE:SKY)

Mackenzie Financial Corp bought a new position in shares of Skyline Champion Co. (NYSE:SKY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,311 shares of the company’s stock, valued at approximately $246,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. William Blair Investment Management LLC grew its holdings in Skyline Champion by 19.1% in the 3rd quarter. William Blair Investment Management LLC now owns 1,112,034 shares of the company’s stock valued at $70,859,000 after buying an additional 178,099 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Skyline Champion by 0.7% in the third quarter. Ameriprise Financial Inc. now owns 1,058,324 shares of the company’s stock valued at $67,432,000 after acquiring an additional 7,855 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Skyline Champion by 16.8% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 703,157 shares of the company’s stock worth $52,217,000 after acquiring an additional 101,265 shares during the period. Burgundy Asset Management Ltd. raised its stake in Skyline Champion by 5.7% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 600,406 shares of the company’s stock worth $38,258,000 after purchasing an additional 32,480 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Skyline Champion by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 559,285 shares of the company’s stock valued at $35,638,000 after purchasing an additional 27,517 shares during the period.

Analyst Ratings Changes

A number of research firms have recently weighed in on SKY. Royal Bank of Canada upped their target price on Skyline Champion from $69.00 to $73.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 7th. Wedbush reaffirmed a “neutral” rating and issued a $72.00 target price on shares of Skyline Champion in a report on Tuesday, 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 MarketBeat, Skyline Champion currently has a consensus rating of “Hold” and an average target price of $71.40.

Skyline Champion Stock Up 1.3 %

Shares of NYSE SKY opened at $76.35 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.56 and a quick ratio of 1.71. Skyline Champion Co. has a 1 year low of $52.12 and a 1 year high of $86.71. The company has a 50 day simple moving average of $80.94 and a 200 day simple moving average of $71.69. The firm has a market cap of $4.41 billion, a PE ratio of 21.88 and a beta of 1.53.

Skyline Champion (NYSE:SKY) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.12. The company had revenue of $559.46 million for the quarter, compared to analysts’ expectations of $505.20 million. Skyline Champion had a net margin of 10.19% and a return on equity of 15.45%. On average, research analysts forecast that Skyline Champion Co. will post 3.19 EPS for the current year.

Skyline Champion 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.