Allianz Asset Management GmbH Has $5.95 Million Position in Skyline Champion Co. (NYSE:SKY)

Allianz Asset Management GmbH lifted its position in Skyline Champion Co. (NYSE:SKYFree Report) by 22.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,128 shares of the company’s stock after buying an additional 14,694 shares during the quarter. Allianz Asset Management GmbH owned about 0.14% of Skyline Champion worth $5,950,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of SKY. DekaBank Deutsche Girozentrale acquired a new position in shares of Skyline Champion during the third quarter worth approximately $94,000. Kessler Investment Group LLC acquired a new position in Skyline Champion during the 4th quarter valued at $123,000. Vestmark Advisory Solutions Inc. bought a new stake in Skyline Champion in the 4th quarter valued at $219,000. Outlook Wealth Advisors LLC acquired a new stake in Skyline Champion in the 4th quarter worth $231,000. Finally, Mackenzie Financial Corp bought a new position in shares of Skyline Champion during the 4th quarter worth about $246,000.

Insiders Place Their Bets

In related news, EVP Joseph A. Kimmell sold 10,042 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $70.12, for a total transaction of $704,145.04. Following the completion of the sale, the executive vice president now directly owns 47,262 shares of the company’s stock, valued at $3,314,011.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 7.00% of the company’s stock.

Skyline Champion Stock Performance

NYSE SKY opened at $66.99 on Wednesday. The company has a current ratio of 2.36, a quick ratio of 1.54 and a debt-to-equity ratio of 0.02. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 26.37 and a beta of 1.60. The company has a 50 day moving average of $77.17 and a 200-day moving average of $74.93. Skyline Champion Co. has a 1-year low of $52.12 and a 1-year high of $86.71.

Skyline Champion (NYSE:SKYGet Free Report) last announced its quarterly earnings data on Tuesday, May 21st. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). Skyline Champion had a net margin of 7.24% and a return on equity of 13.32%. The firm had revenue of $536.36 million during the quarter, compared to the consensus estimate of $560.90 million. During the same quarter in the previous year, the business posted $1.00 earnings per share. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities analysts forecast that Skyline Champion Co. will post 2.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

SKY has been the topic of a number of recent research reports. Craig Hallum decreased their target price on Skyline Champion from $88.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Wedbush reissued a “neutral” rating and set a $72.00 price objective on shares of Skyline Champion in a report on Wednesday, May 22nd. Barclays lowered their target price on shares of Skyline Champion from $76.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 29th. StockNews.com cut shares of Skyline Champion from a “hold” rating to a “sell” rating in a research note on Thursday, May 23rd. Finally, Royal Bank of Canada lowered their price objective on Skyline Champion from $73.00 to $68.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Skyline Champion presently has a consensus rating of “Hold” and a consensus price target of $70.80.

Read Our Latest Stock Analysis on SKY

About Skyline Champion

(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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Institutional Ownership by Quarter for Skyline Champion (NYSE:SKY)

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