Skyline Champion Co. (NYSE:SKY) Stock Holdings Lifted by Cerity Partners LLC

Cerity Partners LLC raised its position in Skyline Champion Co. (NYSE:SKY) by 1,363.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,293 shares of the company’s stock after purchasing an additional 75,739 shares during the quarter. Cerity Partners LLC’s holdings in Skyline Champion were worth $6,037,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SKY. Comerica Bank purchased a new position in Skyline Champion in the third quarter valued at about $62,000. Covestor Ltd grew its stake in Skyline Champion by 8,505.3% in the first quarter. Covestor Ltd now owns 1,635 shares of the company’s stock valued at $90,000 after purchasing an additional 1,616 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Skyline Champion in the third quarter valued at about $94,000. Point72 Hong Kong Ltd purchased a new position in Skyline Champion in the first quarter valued at about $160,000. Finally, GW Henssler & Associates Ltd. bought a new stake in shares of Skyline Champion during the 3rd quarter worth about $202,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SKY shares. Royal Bank of Canada increased their price objective on Skyline Champion from $69.00 to $73.00 and gave the company a “sector perform” rating in a report on Wednesday, February 7th. Wedbush reissued a “neutral” rating and set a $72.00 price objective on shares of Skyline Champion in a report on Tuesday, February 6th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $71.40.

Skyline Champion Stock Performance

SKY opened at $75.78 on Wednesday. The firm has a market capitalization of $4.38 billion, a P/E ratio of 21.71 and a beta of 1.53. The stock’s 50 day moving average price is $81.67 and its two-hundred day moving average price is $70.93. The company has a quick ratio of 1.71, a current ratio of 2.56 and a debt-to-equity ratio of 0.02. Skyline Champion Co. has a 12-month low of $52.12 and a 12-month high of $86.71.

Skyline Champion (NYSE:SKY) last released its earnings results on Monday, February 5th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.12. The firm had revenue of $559.46 million for the quarter, compared to analyst estimates of $505.20 million. Skyline Champion had a return on equity of 15.45% and a net margin of 10.19%. On average, equities analysts forecast that Skyline Champion Co. will post 3.19 earnings per share 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.