Aristides Capital LLC Makes New Investment in Skyline Champion Co. (NYSE:SKY)

Aristides Capital LLC bought a new position in shares of Skyline Champion Co. (NYSE:SKY) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,000 shares of the company’s stock, valued at approximately $339,000.

Other large investors have also made changes to their positions in the company. SummerHaven Investment Management LLC grew its holdings in Skyline Champion by 2.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 11,262 shares of the company’s stock valued at $763,000 after buying an additional 216 shares in the last quarter. Penbrook Management LLC increased its position in Skyline Champion by 2.7% during the second quarter. Penbrook Management LLC now owns 9,810 shares of the company’s stock worth $665,000 after purchasing an additional 260 shares during the last quarter. Arizona State Retirement System raised its stake in Skyline Champion by 2.2% during the second quarter. Arizona State Retirement System now owns 15,359 shares of the company’s stock worth $1,041,000 after purchasing an additional 324 shares during the period. Verdence Capital Advisors LLC boosted its holdings in Skyline Champion by 14.8% in the 1st quarter. Verdence Capital Advisors LLC now owns 3,857 shares of the company’s stock valued at $328,000 after purchasing an additional 497 shares during the last quarter. Finally, Natixis Advisors LLC grew its stake in shares of Skyline Champion by 0.4% in the 2nd quarter. Natixis Advisors LLC now owns 176,640 shares of the company’s stock valued at $11,967,000 after buying an additional 634 shares during the period.

Insider Activity

In other Skyline Champion news, CFO Laurie M. Hough sold 5,354 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $88.64, for a total transaction of $474,578.56. Following the completion of the transaction, the chief financial officer now owns 105,153 shares in the company, valued at approximately $9,320,761.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Erin Mulligan Nelson sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $83.18, for a total value of $83,180.00. Following the completion of the transaction, the director now directly owns 5,170 shares of the company’s stock, valued at $430,040.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Laurie M. Hough sold 5,354 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $88.64, for a total transaction of $474,578.56. Following the sale, the chief financial officer now directly owns 105,153 shares in the company, valued at approximately $9,320,761.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 163,636 shares of company stock worth $14,582,253. 6.90% of the stock is currently owned by company insiders.

Skyline Champion Stock Up 0.6 %

Shares of SKY opened at $94.85 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.57 and a current ratio of 2.33. The stock has a market capitalization of $5.48 billion, a PE ratio of 37.34 and a beta of 1.58. The company’s 50-day simple moving average is $87.61 and its 200-day simple moving average is $79.60. Skyline Champion Co. has a 1 year low of $52.12 and a 1 year high of $97.22.

Skyline Champion (NYSE:SKY) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.69 by $0.22. Skyline Champion had a net margin of 6.45% and a return on equity of 13.07%. The company had revenue of $627.80 million during the quarter, compared to analysts’ expectations of $600.39 million. During the same quarter last year, the company posted $0.89 EPS. The firm’s revenue was up 35.1% compared to the same quarter last year. Analysts forecast that Skyline Champion Co. will post 3.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on SKY. Barclays upped their price objective on Skyline Champion from $68.00 to $85.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. StockNews.com upgraded shares of Skyline Champion from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Royal Bank of Canada upped their price objective on shares of Skyline Champion from $68.00 to $82.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. Finally, Wedbush reiterated a “neutral” rating and issued a $64.00 target price on shares of Skyline Champion in a report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $78.75.

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.