B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Skyline Champion Co. (NYSE:SKY - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 24,976 shares of the company's stock, valued at approximately $2,369,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in SKY. State Board of Administration of Florida Retirement System raised its holdings in Skyline Champion by 8.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 16,546 shares of the company's stock worth $1,407,000 after purchasing an additional 1,240 shares during the period. CANADA LIFE ASSURANCE Co grew its position in shares of Skyline Champion by 122.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 12,074 shares of the company's stock valued at $1,029,000 after purchasing an additional 6,639 shares during the period. Robotti Robert increased its stake in Skyline Champion by 0.6% during the 1st quarter. Robotti Robert now owns 130,889 shares of the company's stock worth $11,127,000 after purchasing an additional 765 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Skyline Champion by 35.4% during the 1st quarter. Janus Henderson Group PLC now owns 42,484 shares of the company's stock worth $3,614,000 after buying an additional 11,096 shares during the period. Finally, Castleark Management LLC bought a new stake in Skyline Champion in the 1st quarter valued at $6,366,000.
Several equities research analysts have commented on the company. Craig Hallum boosted their target price on Skyline Champion from $92.00 to $99.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Skyline Champion from a "sell" rating to a "hold" rating in a report on Thursday, August 8th. Wedbush reiterated a "neutral" rating and issued a $64.00 price target on shares of Skyline Champion in a research note 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 stock a "hold" rating in a research note on Wednesday, October 9th. Finally, Barclays lifted their target price on Skyline Champion from $85.00 to $90.00 and gave the company an "equal weight" rating in a research report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $85.40.
View Our Latest Report on SKY
Shares of SKY stock opened at $100.79 on Friday. Skyline Champion Co. has a 52-week low of $58.85 and a 52-week high of $102.10. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.42. The stock has a market cap of $5.79 billion, a price-to-earnings ratio of 38.92 and a beta of 1.59. The firm's 50-day moving average is $94.15 and its 200-day moving average is $83.51.
Skyline Champion (NYSE:SKY - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.32. The company had revenue of $616.88 million during the quarter, compared to analysts' expectations of $600.52 million. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. The business's revenue was up 32.9% on a year-over-year basis. During the same period last year, the firm posted $0.82 earnings per share. Sell-side analysts predict that Skyline Champion Co. will post 3.43 EPS for the current year.
In other news, Director Mak Capital One Llc sold 40,000 shares of the business's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $88.87, for a total transaction of $3,554,800.00. Following the completion of the sale, the director now owns 2,716,500 shares in the company, valued at $241,415,355. The trade was a 1.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 6.90% of the company's stock.
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.
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