Skyline Champion Co. (NYSE:SKY) Shares Acquired by AE Wealth Management LLC

AE Wealth Management LLC lifted its holdings in shares of Skyline Champion Co. (NYSE:SKYGet Rating) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,717 shares of the company’s stock after buying an additional 243 shares during the quarter. AE Wealth Management LLC’s holdings in Skyline Champion were worth $514,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. National Bank of Canada FI raised its stake in shares of Skyline Champion by 24.3% during the 3rd quarter. National Bank of Canada FI now owns 25,523 shares of the company’s stock worth $1,424,000 after buying an additional 4,990 shares during the period. Legal & General Group Plc raised its stake in shares of Skyline Champion by 3.5% during the 2nd quarter. Legal & General Group Plc now owns 51,120 shares of the company’s stock worth $2,424,000 after buying an additional 1,751 shares during the period. ExodusPoint Capital Management LP raised its stake in shares of Skyline Champion by 56.0% during the 2nd quarter. ExodusPoint Capital Management LP now owns 100,034 shares of the company’s stock worth $4,744,000 after buying an additional 35,913 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Skyline Champion by 24.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 221,098 shares of the company’s stock worth $10,484,000 after buying an additional 42,978 shares during the period. Finally, Macquarie Group Ltd. raised its stake in shares of Skyline Champion by 1.0% during the 2nd quarter. Macquarie Group Ltd. now owns 54,030 shares of the company’s stock worth $2,562,000 after buying an additional 545 shares during the period. 99.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. StockNews.com assumed coverage on Skyline Champion in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Royal Bank of Canada cut Skyline Champion from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $72.00 to $54.00 in a research report on Thursday, November 3rd. Craig Hallum dropped their price target on Skyline Champion from $75.00 to $65.00 in a research report on Thursday, November 3rd. Finally, Barclays cut Skyline Champion from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $65.00 to $60.00 in a research report on Wednesday, December 14th.

Skyline Champion Stock Down 0.3 %

Shares of SKY opened at $58.98 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 2.83. The stock has a 50 day moving average price of $52.40 and a 200 day moving average price of $55.53. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 8.15 and a beta of 1.85. Skyline Champion Co. has a one year low of $43.04 and a one year high of $81.87.

Skyline Champion (NYSE:SKYGet Rating) last issued its earnings results on Tuesday, November 1st. The company reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.75. The company had revenue of $806.83 million during the quarter, compared to analysts’ expectations of $664.50 million. Skyline Champion had a return on equity of 46.34% and a net margin of 15.36%. Equities research analysts forecast that Skyline Champion Co. will post 6.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Skyline Champion

In other Skyline Champion news, Director Gary E. Robinette sold 1,750 shares of the company’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $50.28, for a total value of $87,990.00. Following the completion of the sale, the director now directly owns 1,698 shares in the company, valued at approximately $85,375.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Gary E. Robinette sold 1,750 shares of the stock in a transaction on Friday, November 18th. The stock was sold at an average price of $50.28, for a total transaction of $87,990.00. Following the completion of the transaction, the director now directly owns 1,698 shares in the company, valued at approximately $85,375.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael B. Berman sold 5,536 shares of the stock in a transaction on Friday, December 2nd. The stock was sold at an average price of $52.70, for a total value of $291,747.20. Following the transaction, the director now owns 10,099 shares of the company’s stock, valued at $532,217.30. The disclosure for this sale can be found here. 7.10% of the stock is owned by company insiders.

Skyline Champion Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Skyline Champion (NYSE:SKY)

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