Van ECK Associates Corp Has $1.24 Million Stock Position in Skyline Champion Co. (NYSE:SKY)

Van ECK Associates Corp lifted its holdings in Skyline Champion Co. (NYSE:SKY) by 38.2% in the 4th quarter, Holdings Channel reports. The firm owned 16,634 shares of the company’s stock after buying an additional 4,600 shares during the quarter. Van ECK Associates Corp’s holdings in Skyline Champion were worth $1,235,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. DekaBank Deutsche Girozentrale bought a new stake in shares of Skyline Champion during the 3rd quarter worth about $94,000. Verdence Capital Advisors LLC acquired a new position in Skyline Champion during the third quarter valued at approximately $205,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of Skyline Champion in the third quarter valued at approximately $216,000. Outlook Wealth Advisors LLC acquired a new stake in shares of Skyline Champion in the fourth quarter worth $231,000. Finally, Mackenzie Financial Corp bought a new stake in shares of Skyline Champion during the 4th quarter worth $246,000.

Analyst Upgrades and Downgrades

SKY has been the topic of several recent analyst reports. Wedbush reiterated a “neutral” rating and issued a $72.00 target price on shares of Skyline Champion in a report on Tuesday, February 6th. Royal Bank of Canada boosted their price objective on Skyline Champion from $69.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 7th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $71.40.

Skyline Champion Stock Up 2.4 %

SKY stock opened at $80.53 on Friday. Skyline Champion Co. has a twelve month low of $52.12 and a twelve month high of $86.71. The company has a quick ratio of 1.71, a current ratio of 2.56 and a debt-to-equity ratio of 0.02. The company has a market cap of $4.65 billion, a PE ratio of 23.07 and a beta of 1.54. The business’s 50-day simple moving average is $80.30 and its 200 day simple moving average is $72.55.

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