Virtu Financial LLC Invests $923,000 in Skyline Champion Co. (NYSE:SKY)

Virtu Financial LLC bought a new stake in Skyline Champion Co. (NYSE:SKY) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 13,627 shares of the company’s stock, valued at approximately $923,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Headlands Technologies LLC bought a new position in shares of Skyline Champion in the 1st quarter valued at about $63,000. Kessler Investment Group LLC grew its stake in Skyline Champion by 41.0% in the second 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 in the last quarter. Blue Trust Inc. increased its position in shares of Skyline Champion by 77,800.0% during the 2nd quarter. Blue Trust Inc. now owns 3,116 shares of the company’s stock worth $211,000 after purchasing an additional 3,112 shares during the last quarter. Cannon Global Investment Management LLC bought a new stake in shares of Skyline Champion during the 2nd quarter worth approximately $217,000. Finally, Burney Co. acquired a new stake in shares of Skyline Champion in the 2nd quarter valued at approximately $231,000.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SKY shares. Royal Bank of Canada boosted their target price 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. StockNews.com raised shares of Skyline Champion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Craig Hallum reduced their price target on Skyline Champion from $88.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Wedbush restated a “neutral” rating and issued a $64.00 price objective on shares of Skyline Champion in a research note on Wednesday, August 7th. Finally, Barclays lifted their target price 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. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Skyline Champion currently has a consensus rating of “Hold” and an average price target of $78.75.

Insiders Place Their Bets

In related 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 transaction, the vice president now directly owns 38,792 shares in the company, valued at $3,468,780.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Skyline Champion news, VP Timothy A. Burkhardt sold 2,874 shares of the business’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 sale, the vice president now owns 38,792 shares of the company’s stock, valued at approximately $3,468,780.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Laurie M. Hough sold 5,354 shares of the 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 transaction, the chief financial officer now owns 105,153 shares in the company, valued at approximately $9,320,761.92. The disclosure for this sale can be found here. Insiders have sold 163,636 shares of company stock worth $14,582,253 in the last 90 days. Company insiders own 6.90% of the company’s stock.

Skyline Champion Stock Down 1.3 %

Shares of SKY opened at $92.87 on Thursday. The firm has a market cap of $5.35 billion, a P/E ratio of 36.56 and a beta of 1.58. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.57 and a current ratio of 2.33. Skyline Champion Co. has a 52 week low of $52.12 and a 52 week high of $97.22. The firm’s 50-day simple moving average is $84.78 and its 200 day simple moving average is $79.03.

Skyline Champion (NYSE:SKY) last posted its 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 company had revenue of $627.80 million for the quarter, compared to the consensus estimate of $600.39 million. Skyline Champion had a return on equity of 13.07% and a net margin of 6.45%. The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 earnings per share. On average, analysts forecast that Skyline Champion Co. will post 3.01 earnings per share for the current year.

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.