Skyline Champion Co. (NYSE:SKY) Stake Increased by HighTower Advisors LLC

HighTower Advisors LLC increased its stake in Skyline Champion Co. (NYSE:SKY) by 20.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 4,839 shares of the company’s stock after acquiring an additional 811 shares during the period. HighTower Advisors LLC’s holdings in Skyline Champion were worth $458,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SKY. Truvestments Capital LLC bought a new position in Skyline Champion during the third quarter valued at approximately $32,000. nVerses Capital LLC acquired a new stake in shares of Skyline Champion in the 3rd quarter valued at $76,000. CWM LLC increased its stake in shares of Skyline Champion by 7.4% in the third quarter. CWM LLC now owns 2,286 shares of the company’s stock valued at $217,000 after buying an additional 158 shares in the last quarter. OLD National Bancorp IN acquired a new stake in shares of Skyline Champion in the 3rd quarter valued at $225,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Skyline Champion during the 3rd quarter worth $232,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Craig Hallum upped their price objective on Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Royal Bank of Canada upped their target price on Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. 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 report on Thursday, October 31st. Finally, Jefferies Financial Group lifted their price objective on Skyline Champion from $79.00 to $86.00 and gave the stock 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 issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $85.40.

Skyline Champion Stock Up 0.7 %

SKY stock opened at $96.03 on Friday. The business has a 50 day moving average of $98.10 and a 200 day moving average of $87.52. The firm has a market cap of $5.51 billion, a PE ratio of 37.08 and a beta of 1.59. Skyline Champion Co. has a twelve month low of $64.82 and a twelve month high of $116.49. The company has a quick ratio of 1.64, a current ratio of 2.42 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY) last released its earnings results on Monday, October 28th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.32. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. The company had revenue of $616.88 million for the quarter, compared to the consensus estimate of $600.52 million. During the same period in the previous year, the business earned $0.82 earnings per share. Skyline Champion’s quarterly revenue was up 32.9% compared to the same quarter last year. On average, research analysts forecast that Skyline Champion Co. will post 3.43 EPS for the current fiscal year.

Skyline Champion Company 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.