Skyline Champion Co. (NYSE:SKY) Position Increased by Cerity Partners LLC

Cerity Partners LLC raised its position in Skyline Champion Co. (NYSE:SKY) by 118.8% during the third quarter, HoldingsChannel.com reports. The firm owned 188,767 shares of the company’s stock after buying an additional 102,506 shares during the quarter. Cerity Partners LLC’s holdings in Skyline Champion were worth $17,905,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of SKY. Assenagon Asset Management S.A. bought a new stake in shares of Skyline Champion in the 3rd quarter valued at approximately $27,769,000. Victory Capital Management Inc. increased its stake in shares of Skyline Champion by 46.0% during the 2nd quarter. Victory Capital Management Inc. now owns 669,895 shares of the company’s stock worth $45,385,000 after purchasing an additional 211,099 shares during the last quarter. Castleark Management LLC bought a new position in shares of Skyline Champion during the 1st quarter valued at $6,366,000. Harbor Capital Advisors Inc. raised its holdings in shares of Skyline Champion by 298.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 94,373 shares of the company’s stock valued at $8,951,000 after purchasing an additional 70,666 shares in the last quarter. Finally, Integrated Investment Consultants LLC lifted its stake in shares of Skyline Champion by 112.3% in the 3rd quarter. Integrated Investment Consultants LLC now owns 108,618 shares of the company’s stock valued at $10,302,000 after purchasing an additional 57,456 shares during the last quarter.

Skyline Champion Stock Performance

SKY opened at $104.25 on Tuesday. The company has a quick ratio of 1.64, a current ratio of 2.42 and a debt-to-equity ratio of 0.02. The stock’s 50 day moving average price is $94.48 and its two-hundred day moving average price is $83.89. The firm has a market capitalization of $5.98 billion, a P/E ratio of 40.25 and a beta of 1.59. Skyline Champion Co. has a 12-month low of $58.85 and a 12-month high of $107.26.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.32. The business had revenue of $616.88 million for the quarter, compared to the consensus estimate of $600.52 million. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. Skyline Champion’s quarterly revenue was up 32.9% on a year-over-year basis. During the same quarter last year, the company posted $0.82 earnings per share. On average, equities analysts forecast that Skyline Champion Co. will post 3.43 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on SKY. Wedbush restated a “neutral” rating and set a $64.00 target price on shares of Skyline Champion in a report on Wednesday, August 7th. Jefferies Financial Group increased their price objective on Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Royal Bank of Canada boosted their target price on Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. StockNews.com raised Skyline Champion from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, Barclays lifted their price target on shares of Skyline Champion from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $85.40.

Insiders Place Their Bets

In other Skyline Champion news, Director Mak Capital One Llc sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $88.87, for a total value of $3,554,800.00. Following the completion of the sale, the director now owns 2,716,500 shares in the company, valued at approximately $241,415,355. This trade represents a 1.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.90% of the company’s stock.

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.