Skyline Champion Co. (NYSE:SKY) Stock Position Cut by Kingfisher Capital LLC

Kingfisher Capital LLC reduced its stake in Skyline Champion Co. (NYSE:SKY) by 5.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,764 shares of the company’s stock after selling 2,216 shares during the period. Kingfisher Capital LLC’s holdings in Skyline Champion were worth $3,866,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. CWM LLC grew its stake in shares of Skyline Champion by 7.4% in the 3rd quarter. CWM LLC now owns 2,286 shares of the company’s stock worth $217,000 after purchasing an additional 158 shares during the last quarter. Verdence Capital Advisors LLC grew its position in Skyline Champion by 5.1% in the third quarter. Verdence Capital Advisors LLC now owns 3,514 shares of the company’s stock worth $333,000 after buying an additional 171 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of Skyline Champion by 2.0% in the second quarter. SummerHaven Investment Management LLC now owns 11,262 shares of the company’s stock valued at $763,000 after buying an additional 216 shares in the last quarter. Penbrook Management LLC lifted its position in shares of Skyline Champion by 2.7% during the 2nd quarter. Penbrook Management LLC now owns 9,810 shares of the company’s stock valued at $665,000 after acquiring an additional 260 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Skyline Champion by 0.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 33,894 shares of the company’s stock worth $3,215,000 after acquiring an additional 299 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have recently commented on SKY. Craig Hallum upped their target price on Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Jefferies Financial Group increased their target price on Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. StockNews.com upgraded shares of Skyline Champion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Barclays boosted their target price on Skyline Champion from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Finally, Wedbush reiterated a “neutral” rating and issued a $64.00 price objective on shares of Skyline Champion in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $85.40.

Skyline Champion Stock Performance

Shares of NYSE SKY opened at $103.73 on Friday. Skyline Champion Co. has a 12 month low of $58.85 and a 12 month high of $107.26. The business’s 50 day moving average is $94.89 and its two-hundred day moving average is $84.19. The company has a market cap of $5.95 billion, a P/E ratio of 40.05 and a beta of 1.59. The company has a quick ratio of 1.64, a current ratio of 2.42 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.32. The firm had revenue of $616.88 million for the quarter, compared to analyst estimates of $600.52 million. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. The company’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.82 earnings per share. On average, equities analysts expect that Skyline Champion Co. will post 3.43 EPS for the current year.

Insider Transactions at Skyline Champion

In other news, Director Mak Capital One Llc sold 40,000 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $88.87, for a total value of $3,554,800.00. Following the sale, the director now owns 2,716,500 shares of the company’s stock, valued at approximately $241,415,355. This represents a 1.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.90% of the stock is owned by insiders.

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.