Kornitzer Capital Management Inc. KS Invests $11.38 Million in Skyline Champion Co. (NYSE:SKY)

Kornitzer Capital Management Inc. KS purchased a new position in Skyline Champion Co. (NYSE:SKY) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 153,285 shares of the company’s stock, valued at approximately $11,383,000.

A number of other institutional investors have also recently made changes to their positions in the company. Nordea Investment Management AB purchased a new position in Skyline Champion during the fourth quarter worth approximately $4,775,000. Mutual of America Capital Management LLC lifted its position in Skyline Champion by 106.2% during the fourth quarter. Mutual of America Capital Management LLC now owns 85,986 shares of the company’s stock worth $6,385,000 after buying an additional 44,276 shares in the last quarter. Cerity Partners LLC lifted its position in Skyline Champion by 1,363.7% during the fourth quarter. Cerity Partners LLC now owns 81,293 shares of the company’s stock worth $6,037,000 after buying an additional 75,739 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted 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 buying an additional 101,265 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its position in Skyline Champion by 19.1% during the third quarter. William Blair Investment Management LLC now owns 1,112,034 shares of the company’s stock worth $70,859,000 after buying an additional 178,099 shares in the last quarter.

Skyline Champion Trading Up 2.4 %

NYSE:SKY traded up $1.78 on Friday, reaching $75.14. The company’s stock had a trading volume of 284,889 shares, compared to its average volume of 253,849. Skyline Champion Co. has a 12-month low of $52.12 and a 12-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 firm has a market cap of $4.34 billion, a price-to-earnings ratio of 21.53 and a beta of 1.53. The stock has a 50 day moving average price of $81.36 and a 200 day moving average price of $71.06.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Royal Bank of Canada lifted 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. Wedbush restated a “neutral” rating and issued a $72.00 target price on shares of Skyline Champion in a research report on Tuesday, February 6th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Skyline Champion presently has a consensus rating of “Hold” and a consensus price target of $71.40.

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.