Summit Partners Public Asset Management LLC Purchases 76,573 Shares of Skyline Champion Co. (NYSE:SKY)

Summit Partners Public Asset Management LLC increased its position in Skyline Champion Co. (NYSE:SKY) by 23.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 404,673 shares of the company’s stock after purchasing an additional 76,573 shares during the quarter. Skyline Champion makes up 1.2% of Summit Partners Public Asset Management LLC’s portfolio, making the stock its 20th largest holding. Summit Partners Public Asset Management LLC owned approximately 0.71% of Skyline Champion worth $38,383,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Canada Pension Plan Investment Board grew its stake in shares of Skyline Champion by 38.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 42,700 shares of the company’s stock valued at $2,893,000 after purchasing an additional 11,900 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in Skyline Champion by 4.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 844,367 shares of the company’s stock valued at $57,206,000 after acquiring an additional 35,880 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in Skyline Champion by 122.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 12,074 shares of the company’s stock worth $1,029,000 after acquiring an additional 6,639 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Skyline Champion by 35.4% during the first quarter. Janus Henderson Group PLC now owns 42,484 shares of the company’s stock valued at $3,614,000 after acquiring an additional 11,096 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Skyline Champion by 46.0% in the 2nd quarter. Victory Capital Management Inc. now owns 669,895 shares of the company’s stock valued at $45,385,000 after purchasing an additional 211,099 shares in the last quarter.

Analyst Ratings Changes

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

Skyline Champion Stock Up 0.3 %

Shares of SKY opened at $103.73 on Friday. The business’s fifty day moving average price is $94.89 and its two-hundred day moving average price is $84.19. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 40.05 and a beta of 1.59. Skyline Champion Co. has a 52 week low of $58.85 and a 52 week high of $107.26. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.42.

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

Insider Buying and Selling

In other Skyline Champion news, Director Mak Capital One Llc sold 40,000 shares of the stock in a transaction dated 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.90% of the stock is currently owned by insiders.

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.