Quantbot Technologies LP Acquires 10,387 Shares of Skyline Champion Co. (NYSE:SKY)

Quantbot Technologies LP increased its holdings in Skyline Champion Co. (NYSE:SKY) by 148.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,364 shares of the company’s stock after purchasing an additional 10,387 shares during the period. Quantbot Technologies LP’s holdings in Skyline Champion were worth $1,647,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co increased its position in Skyline Champion by 122.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 12,074 shares of the company’s stock valued at $1,029,000 after acquiring an additional 6,639 shares during the last quarter. Janus Henderson Group PLC increased its position in 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 last quarter. Harbor Capital Advisors Inc. increased its position in Skyline Champion by 273.5% during the second quarter. Harbor Capital Advisors Inc. now owns 23,707 shares of the company’s stock valued at $1,606,000 after acquiring an additional 17,359 shares during the last quarter. Mirador Capital Partners LP increased its position in Skyline Champion by 4.4% during the second quarter. Mirador Capital Partners LP now owns 70,200 shares of the company’s stock valued at $4,756,000 after acquiring an additional 2,956 shares during the last quarter. Finally, Kessler Investment Group LLC increased its position in Skyline Champion by 41.0% during the second quarter. Kessler Investment Group LLC now owns 2,225 shares of the company’s stock valued at $151,000 after acquiring an additional 647 shares during the last quarter.

Insider Transactions at Skyline Champion

In other news, Director Mak Capital One Llc sold 40,000 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $88.87, for a total transaction of $3,554,800.00. Following the transaction, the director now owns 2,716,500 shares in the company, valued at $241,415,355. This trade represents a 1.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 6.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SKY shares. Craig Hallum boosted their price objective on shares of Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. StockNews.com upgraded shares of Skyline Champion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Barclays upped their price target on shares of Skyline Champion from $85.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Royal Bank of Canada upped their price target on shares of Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group upped their price target on shares of Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $85.40.

Skyline Champion Price Performance

Shares of NYSE SKY opened at $103.73 on Friday. The stock 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 12 month low of $59.78 and a 12 month high of $107.26. The firm’s 50 day simple moving average is $95.27 and its 200-day simple moving average is $84.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.42 and a quick ratio of 1.64.

Skyline Champion (NYSE:SKY) last issued 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. The business had revenue of $616.88 million for the quarter, compared to analysts’ expectations of $600.52 million. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. The business’s revenue was up 32.9% on a year-over-year basis. During the same quarter last year, the company earned $0.82 EPS. Analysts expect that Skyline Champion Co. will post 3.43 EPS for the current year.

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.