Skyline Champion Co. (NYSE:SKY) Stock Holdings Lifted by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board raised its position in shares of Skyline Champion Co. (NYSE:SKY) by 38.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,700 shares of the company’s stock after purchasing an additional 11,900 shares during the period. Canada Pension Plan Investment Board owned 0.07% of Skyline Champion worth $2,893,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in Skyline Champion in the first quarter valued at approximately $63,000. Kessler Investment Group LLC raised its stake in shares of Skyline Champion by 41.0% in the 2nd quarter. Kessler Investment Group LLC now owns 2,225 shares of the company’s stock valued at $151,000 after acquiring an additional 647 shares in the last quarter. Blue Trust Inc. lifted its holdings in Skyline Champion by 77,800.0% in 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 Skyline Champion during the second quarter worth approximately $217,000. Finally, Burney Co. acquired a new position in Skyline Champion during the second quarter valued at approximately $231,000.

Insider Activity

In related news, Director Michael B. Berman sold 3,496 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $82.34, for a total transaction of $287,860.64. Following the completion of the sale, the director now owns 8,099 shares in the company, valued at approximately $666,871.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Skyline Champion news, Director Erin Mulligan Nelson sold 1,000 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $83.18, for a total value of $83,180.00. Following the transaction, the director now owns 5,170 shares of the company’s stock, valued at $430,040.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael B. Berman sold 3,496 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $82.34, for a total value of $287,860.64. Following the sale, the director now owns 8,099 shares in the company, valued at approximately $666,871.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 163,636 shares of company stock worth $14,582,253. Corporate insiders own 6.90% of the company’s stock.

Skyline Champion Stock Performance

NYSE:SKY opened at $93.93 on Friday. The firm has a market capitalization of $5.41 billion, a PE ratio of 36.98 and a beta of 1.58. The company has a quick ratio of 1.57, a current ratio of 2.33 and a debt-to-equity ratio of 0.02. Skyline Champion Co. has a 12-month low of $52.12 and a 12-month high of $97.22. The firm has a 50-day moving average price of $86.90 and a 200 day moving average price of $79.48.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SKY. Wedbush reissued a “neutral” rating and set a $64.00 target price on shares of Skyline Champion in a research report on Wednesday, August 7th. Barclays raised their price objective on shares of Skyline Champion from $68.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Royal Bank of Canada raised 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. Finally, StockNews.com raised shares of Skyline Champion from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Skyline Champion presently has a consensus rating of “Hold” and an average target price of $78.75.

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.