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

Yousif Capital Management LLC acquired a new position in Skyline Champion Co. (NYSE:SKY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,090 shares of the company’s stock, valued at approximately $1,770,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SKY. CWM LLC raised its position in shares of Skyline Champion by 7.4% during the third quarter. CWM LLC now owns 2,286 shares of the company’s stock valued at $217,000 after buying an additional 158 shares during the last quarter. Creative Planning increased its stake in Skyline Champion by 166.7% during the third quarter. Creative Planning now owns 10,049 shares of the company’s stock valued at $953,000 after acquiring an additional 6,281 shares during the period. nVerses Capital LLC acquired a new position in Skyline Champion in the 3rd quarter valued at approximately $76,000. Net Worth Advisory Group bought a new stake in shares of Skyline Champion in the 3rd quarter worth approximately $272,000. Finally, OLD National Bancorp IN acquired a new stake in shares of Skyline Champion during the 3rd quarter worth approximately $225,000.

Skyline Champion Trading Up 0.1 %

Shares of SKY opened at $105.52 on Wednesday. The stock has a fifty day moving average price of $94.78 and a two-hundred day moving average price of $93.09. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.59. The company has a market cap of $6.04 billion, a price-to-earnings ratio of 37.15 and a beta of 1.62. Skyline Champion Co. has a 52-week low of $64.82 and a 52-week high of $116.49.

Skyline Champion (NYSE:SKY) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.24. Skyline Champion had a net margin of 6.80% and a return on equity of 13.80%. Analysts predict that Skyline Champion Co. will post 3.54 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on SKY shares. Royal Bank of Canada upped their target price on Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Craig Hallum raised their price objective on shares of Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Barclays upped their target price on shares of Skyline Champion from $90.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $90.20.

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.