BNP Paribas Financial Markets Grows Stock Position in Skyline Champion Co. (NYSE:SKY)

BNP Paribas Financial Markets lifted its holdings in shares of Skyline Champion Co. (NYSE:SKY) by 0.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 33,894 shares of the company’s stock after acquiring an additional 299 shares during the period. BNP Paribas Financial Markets owned approximately 0.06% of Skyline Champion worth $3,215,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of SKY. Canada Pension Plan Investment Board grew its position in Skyline Champion by 38.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 42,700 shares of the company’s stock worth $2,893,000 after purchasing an additional 11,900 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Skyline Champion by 4.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 844,367 shares of the company’s stock worth $57,206,000 after acquiring an additional 35,880 shares during the last quarter. Algert Global LLC lifted its position in Skyline Champion by 164.1% during the 3rd quarter. Algert Global LLC now owns 14,590 shares of the company’s stock worth $1,384,000 after acquiring an additional 9,066 shares during the period. Victory Capital Management Inc. grew its stake in Skyline Champion by 46.0% during the 2nd quarter. Victory Capital Management Inc. now owns 669,895 shares of the company’s stock valued at $45,385,000 after purchasing an additional 211,099 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Skyline Champion in the third quarter valued at about $2,369,000.

Skyline Champion Trading Up 0.2 %

Shares of Skyline Champion stock opened at $103.93 on Friday. Skyline Champion Co. has a fifty-two week low of $64.34 and a fifty-two week high of $107.26. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.42. The company has a market cap of $5.97 billion, a P/E ratio of 40.13 and a beta of 1.59. The firm has a 50-day simple moving average of $96.00 and a two-hundred day simple moving average of $85.03.

Skyline Champion (NYSE:SKY) last issued 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. The company had revenue of $616.88 million for the quarter, compared to analyst estimates of $600.52 million. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. Skyline Champion’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same period last year, the company earned $0.82 earnings per share. As a group, equities analysts predict that Skyline Champion Co. will post 3.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SKY has been the topic of a number of recent research reports. Jefferies Financial Group upped their target price on Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. StockNews.com upgraded shares of Skyline Champion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Royal Bank of Canada boosted their target price on shares of Skyline Champion from $82.00 to $88.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Barclays increased their price target on Skyline Champion from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Finally, Craig Hallum boosted their price objective on Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $85.40.

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.