Quest Partners LLC Purchases 3,094 Shares of Skyline Champion Co. (NYSE:SKY)

Quest Partners LLC raised its position in Skyline Champion Co. (NYSE:SKY) by 56.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,592 shares of the company’s stock after purchasing an additional 3,094 shares during the period. Quest Partners LLC’s holdings in Skyline Champion were worth $815,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. nVerses Capital LLC bought a new stake in Skyline Champion during the third quarter valued at $76,000. Kessler Investment Group LLC grew its holdings in shares of Skyline Champion by 41.0% during the second quarter. Kessler Investment Group LLC now owns 2,225 shares of the company’s stock worth $151,000 after purchasing an additional 647 shares in the last quarter. Blue Trust Inc. raised its stake in Skyline Champion by 77,800.0% in the second quarter. Blue Trust Inc. now owns 3,116 shares of the company’s stock valued at $211,000 after purchasing an additional 3,112 shares in the last quarter. Cannon Global Investment Management LLC bought a new stake in Skyline Champion during the second quarter valued at approximately $217,000. Finally, CWM LLC grew its stake in Skyline Champion by 7.4% in the 3rd quarter. CWM LLC now owns 2,286 shares of the company’s stock worth $217,000 after buying an additional 158 shares in the last quarter.

Skyline Champion Price Performance

SKY opened at $100.79 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.42 and a quick ratio of 1.64. The stock’s 50 day simple moving average is $94.15 and its 200 day simple moving average is $83.51. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 38.92 and a beta of 1.59. Skyline Champion Co. has a 1 year low of $58.85 and a 1 year high of $102.10.

Skyline Champion (NYSE:SKY) last issued its earnings results on Monday, October 28th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.61 by $0.32. The company had revenue of $616.88 million for the quarter, compared to the consensus estimate of $600.52 million. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. The firm’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 earnings per share. As a group, analysts predict that Skyline Champion Co. will post 3.43 earnings per share for the current year.

Analyst Ratings Changes

SKY has been the subject of a number of research analyst reports. StockNews.com raised shares of Skyline Champion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Wedbush reaffirmed a “neutral” rating and set a $64.00 price target on shares of Skyline Champion in a research note on Wednesday, August 7th. Royal Bank of Canada increased their price objective on Skyline Champion from $82.00 to $88.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Craig Hallum boosted their target price on Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group increased their price target on shares of Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $85.40.

Insider Transactions at Skyline Champion

In related news, Director Mak Capital One Llc sold 40,000 shares of the company’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 transaction, the director now owns 2,716,500 shares in the company, valued at $241,415,355. This represents a 1.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.90% of the stock is currently owned by company insiders.

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.