Skyline Champion Co. (NYSE:SKY) Shares Bought by Creative Planning

Creative Planning boosted its position in shares of Skyline Champion Co. (NYSE:SKY) by 166.7% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 10,049 shares of the company’s stock after acquiring an additional 6,281 shares during the quarter. Creative Planning’s holdings in Skyline Champion were worth $953,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in shares of Skyline Champion in the 1st quarter valued at about $63,000. Kessler Investment Group LLC increased its stake in shares of Skyline Champion by 41.0% in the 2nd quarter. Kessler Investment Group LLC now owns 2,225 shares of the company’s stock valued at $151,000 after purchasing an additional 647 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Skyline Champion by 77,800.0% in the 2nd quarter. Blue Trust Inc. now owns 3,116 shares of the company’s stock valued at $211,000 after purchasing an additional 3,112 shares in the last quarter. Cannon Global Investment Management LLC purchased a new position in shares of Skyline Champion in the 2nd quarter valued at about $217,000. Finally, CWM LLC increased 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 valued at $217,000 after purchasing an additional 158 shares in 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 on 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 sale, the director now directly owns 2,716,500 shares in the company, valued at approximately $241,415,355. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Skyline Champion news, Director Mak Capital One Llc sold 40,000 shares of the firm’s stock in a transaction on 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 sale, the director now directly owns 2,716,500 shares in the company, valued at $241,415,355. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael B. Berman sold 3,496 shares of Skyline Champion stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $82.34, for a total value of $287,860.64. Following the sale, the director now owns 8,099 shares in the company, valued at $666,871.66. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 163,636 shares of company stock worth $14,582,253 over the last ninety days. Company insiders own 6.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on SKY. Barclays boosted their price objective on Skyline Champion from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday. Royal Bank of Canada boosted their price objective on Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Wednesday. StockNews.com upgraded Skyline Champion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Craig Hallum upped their price target on Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Wedbush reaffirmed a “neutral” rating and issued a $64.00 price target on shares of Skyline Champion in a report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Skyline Champion currently has a consensus rating of “Hold” and a consensus target price of $85.40.

Skyline Champion Trading Up 3.7 %

Shares of Skyline Champion stock opened at $91.49 on Friday. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 35.32 and a beta of 1.57. Skyline Champion Co. has a fifty-two week low of $53.84 and a fifty-two week high of $101.39. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.57 and a current ratio of 2.42. The stock has a 50 day moving average of $92.53 and a 200 day moving average of $81.56.

Skyline Champion (NYSE:SKY) last released its quarterly earnings results on Monday, October 28th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.61 by $0.32. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. The business had revenue of $616.88 million during the quarter, compared to analyst estimates of $600.52 million. During the same period last year, the business posted $0.82 earnings per share. The company’s quarterly revenue was up 32.9% on a year-over-year basis. As a group, research analysts predict that Skyline Champion Co. will post 3.01 earnings per share for the current year.

Skyline Champion Company 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.