Van ECK Associates Corp Acquires 9,408 Shares of Skyline Champion Co. (NYSE:SKY)

Van ECK Associates Corp grew its holdings in Skyline Champion Co. (NYSE:SKY) by 40.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,924 shares of the company’s stock after purchasing an additional 9,408 shares during the quarter. Van ECK Associates Corp owned approximately 0.06% of Skyline Champion worth $2,968,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in shares of Skyline Champion in the 1st quarter worth approximately $63,000. nVerses Capital LLC purchased a new position in shares of Skyline Champion in the 3rd quarter worth approximately $76,000. Kessler Investment Group LLC grew its position 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 worth $151,000 after buying an additional 647 shares during the last quarter. Blue Trust Inc. grew its position in shares of 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 buying an additional 3,112 shares during the last quarter. Finally, Cannon Global Investment Management LLC purchased a new position in shares of Skyline Champion in the 2nd quarter worth approximately $217,000.

Skyline Champion Stock Performance

Shares of NYSE SKY opened at $96.84 on Friday. The company has a current ratio of 2.42, a quick ratio of 1.64 and a debt-to-equity ratio of 0.02. Skyline Champion Co. has a 12 month low of $53.84 and a 12 month high of $101.39. The company has a 50 day simple moving average of $92.68 and a two-hundred day simple moving average of $82.20. The stock has a market cap of $5.56 billion, a price-to-earnings ratio of 37.38 and a beta of 1.59.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.61 by $0.32. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. The business had revenue of $616.88 million during the quarter, compared to analysts’ expectations of $600.52 million. During the same period in the previous year, the business posted $0.82 EPS. The business’s quarterly revenue was up 32.9% compared to the same quarter last year. As a group, analysts predict that Skyline Champion Co. will post 3.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

SKY has been the topic of several research analyst reports. 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. StockNews.com raised shares of Skyline Champion from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Craig Hallum boosted their target price on shares of Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Jefferies Financial Group boosted their target price on shares of Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Barclays boosted their target price on shares of Skyline Champion from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $85.40.

Insider Activity at Skyline Champion

In related news, Director Mak Capital One Llc sold 80,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $90.16, for a total value of $7,212,800.00. Following the completion of the transaction, the director now directly owns 2,920,000 shares in the company, valued at $263,267,200. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Skyline Champion news, EVP Jonathan Wade Lyall sold 12,448 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $87.88, for a total transaction of $1,093,930.24. Following the completion of the transaction, the executive vice president now directly owns 46,082 shares in the company, valued at approximately $4,049,686.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mak Capital One Llc sold 80,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $90.16, for a total transaction of $7,212,800.00. Following the transaction, the director now owns 2,920,000 shares of the company’s stock, valued at $263,267,200. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 157,136 shares of company stock worth $14,042,573 in the last three months. Company insiders own 6.90% of the company’s stock.

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.