MQS Management LLC Invests $234,000 in Skyline Champion Co. (NYSE:SKY)

MQS Management LLC acquired a new stake in Skyline Champion Co. (NYSE:SKY) in the second quarter, Holdings Channel reports. The firm acquired 3,450 shares of the company’s stock, valued at approximately $234,000.

Several other large investors have also bought and sold shares of the stock. Principal Financial Group Inc. boosted its position in shares of Skyline Champion by 21.9% during the 4th quarter. Principal Financial Group Inc. now owns 15,964 shares of the company’s stock valued at $1,185,000 after purchasing an additional 2,863 shares in the last quarter. Norges Bank bought a new position in shares of Skyline Champion during the 4th quarter worth approximately $34,476,000. PNC Financial Services Group Inc. grew its position in shares of Skyline Champion by 378.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 33,669 shares of the company’s stock worth $2,500,000 after buying an additional 26,631 shares during the period. UBS Group AG increased its stake in shares of Skyline Champion by 46.0% in the 4th quarter. UBS Group AG now owns 81,214 shares of the company’s stock valued at $6,031,000 after acquiring an additional 25,592 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Skyline Champion by 2.9% in the 4th quarter. Wells Fargo & Company MN now owns 115,255 shares of the company’s stock valued at $8,559,000 after acquiring an additional 3,238 shares in the last quarter.

Skyline Champion Trading Down 3.0 %

NYSE:SKY opened at $92.81 on Friday. Skyline Champion Co. has a one year low of $52.12 and a one year high of $97.22. The company has a market cap of $5.37 billion, a PE ratio of 36.54 and a beta of 1.58. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.33 and a quick ratio of 1.57. The firm has a 50-day moving average of $85.61 and a 200-day moving average of $79.21.

Skyline Champion (NYSE:SKY) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.69 by $0.22. The firm had revenue of $627.80 million during 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 company’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 earnings per share. As a group, equities research analysts expect that Skyline Champion Co. will post 3.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. StockNews.com upgraded shares of Skyline Champion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Wedbush reissued a “neutral” rating and set a $64.00 price objective on shares of Skyline Champion in a research report on Wednesday, August 7th. Barclays upped 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. Finally, Royal Bank of Canada raised their price objective on Skyline Champion from $68.00 to $82.00 and gave the company a “sector perform” rating in a research note on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $78.75.

Insiders Place Their Bets

In other news, VP Timothy A. Burkhardt sold 2,874 shares of the 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 in the company, valued at $3,468,780.64. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Mak Capital One Llc sold 40,000 shares of Skyline Champion stock in a transaction 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 sale, the director now directly owns 2,716,500 shares in the company, valued at approximately $241,415,355. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Timothy A. Burkhardt sold 2,874 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $89.42, for a total transaction of $256,993.08. Following the completion of the transaction, the vice president now directly owns 38,792 shares in the company, valued at $3,468,780.64. The disclosure for this sale can be found here. Insiders have sold 163,636 shares of company stock valued at $14,582,253 in the last three months. 6.90% of the stock is currently owned by insiders.

Skyline Champion 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.