Skyline Champion Co. (NYSE:SKY) Shares Purchased by Cwm LLC

Cwm LLC increased its position in shares of Skyline Champion Co. (NYSE:SKY) by 7.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,286 shares of the company’s stock after acquiring an additional 158 shares during the period. Cwm LLC’s holdings in Skyline Champion were worth $217,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SKY. Headlands Technologies LLC acquired a new position in Skyline Champion during the first quarter worth about $63,000. Kessler Investment Group LLC boosted its position 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 during the period. Blue Trust Inc. boosted its position 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 during the period. Cannon Global Investment Management LLC acquired a new position in shares of Skyline Champion in the 2nd quarter valued at $217,000. Finally, Burney Co. acquired a new position in shares of Skyline Champion in the 2nd quarter valued at $231,000.

Skyline Champion Price Performance

Shares of NYSE:SKY opened at $90.84 on Wednesday. Skyline Champion Co. has a 1-year low of $52.12 and a 1-year high of $101.39. The firm has a market capitalization of $5.25 billion, a PE ratio of 35.76 and a beta of 1.57. The business’s 50 day moving average is $92.35 and its 200-day moving average is $80.96. The company has a current ratio of 2.33, a quick ratio of 1.57 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY) last announced 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. The business had revenue of $627.80 million for the quarter, compared to analyst estimates of $600.39 million. Skyline Champion had a return on equity of 13.07% and a net margin of 6.45%. Skyline Champion’s quarterly revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.89 EPS. Sell-side analysts predict that Skyline Champion Co. will post 3.01 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Jefferies Financial Group increased their price target on Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. StockNews.com upgraded Skyline Champion from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Royal Bank of Canada raised their price objective on Skyline Champion from $68.00 to $82.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 8th. Barclays raised their price objective on Skyline Champion from $68.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Finally, Wedbush restated a “neutral” rating and set a $64.00 price objective on shares of Skyline Champion in a research report on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $80.20.

Insiders Place Their Bets

In other Skyline Champion news, VP Timothy A. Burkhardt sold 2,874 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $89.42, for a total value of $256,993.08. Following the transaction, the vice president now owns 38,792 shares of the company’s stock, valued at approximately $3,468,780.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Timothy A. Burkhardt sold 2,874 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $89.42, for a total value of $256,993.08. Following the completion of the sale, the vice president now owns 38,792 shares in the company, valued at approximately $3,468,780.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mak Capital One Llc sold 80,000 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $90.16, for a total value of $7,212,800.00. Following the completion of the sale, the director now owns 2,920,000 shares of the company’s stock, valued at $263,267,200. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 163,636 shares of company stock valued at $14,582,253. 6.90% of the stock is currently owned by corporate insiders.

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.