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

nVerses Capital LLC acquired a new position in Skyline Champion Co. (NYSE:SKY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 800 shares of the company’s stock, valued at approximately $76,000.

A number of other hedge funds have also made changes to their positions in the business. Goldman Sachs Group Inc. raised its holdings in shares of Skyline Champion by 9.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 225,410 shares of the company’s stock valued at $16,739,000 after buying an additional 19,438 shares during the period. Los Angeles Capital Management LLC boosted its stake in shares of Skyline Champion by 104.1% in the first quarter. Los Angeles Capital Management LLC now owns 11,479 shares of the company’s stock valued at $976,000 after purchasing an additional 5,856 shares during the period. Mirador Capital Partners LP grew its holdings in Skyline Champion by 3.3% during the 1st quarter. Mirador Capital Partners LP now owns 67,244 shares of the company’s stock valued at $5,716,000 after purchasing an additional 2,126 shares in the last quarter. Congress Wealth Management LLC DE increased its stake in Skyline Champion by 4.3% during the 1st quarter. Congress Wealth Management LLC DE now owns 88,863 shares of the company’s stock worth $7,554,000 after buying an additional 3,638 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in Skyline Champion by 15.0% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 808,487 shares of the company’s stock worth $68,730,000 after buying an additional 105,330 shares in the last quarter.

Insider Activity at Skyline Champion

In other Skyline Champion news, VP Timothy A. Burkhardt sold 2,874 shares of the 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 sale, the vice president now directly owns 38,792 shares of the company’s stock, valued at $3,468,780.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Skyline Champion news, VP Timothy A. Burkhardt sold 2,874 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $89.42, for a total value of $256,993.08. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mak Capital One Llc sold 40,000 shares of Skyline Champion stock in a transaction that occurred on Friday, September 6th. The shares were 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 position. The disclosure for this sale can be found here. Insiders sold 163,636 shares of company stock worth $14,582,253 in the last 90 days. 6.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Skyline Champion Trading Down 6.5 %

Skyline Champion stock opened at $93.48 on Tuesday. Skyline Champion Co. has a 1 year low of $52.12 and a 1 year high of $101.39. The firm’s 50-day moving average is $92.35 and its 200-day moving average is $80.96. 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 company has a market cap of $5.38 billion, a P/E ratio of 38.31 and a beta of 1.57.

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

About Skyline Champion

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.