Edgestream Partners L.P. Has $496,000 Stock Holdings in Skyline Champion Co. (NYSE:SKY)

Edgestream Partners L.P. lowered its holdings in shares of Skyline Champion Co. (NYSE:SKY) by 58.5% in the second quarter, HoldingsChannel reports. The firm owned 7,323 shares of the company’s stock after selling 10,337 shares during the period. Edgestream Partners L.P.’s holdings in Skyline Champion were worth $496,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its holdings in shares of Skyline Champion by 2.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 27,345 shares of the company’s stock worth $1,853,000 after acquiring an additional 737 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Skyline Champion by 30.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,067 shares of the company’s stock valued at $547,000 after purchasing an additional 1,885 shares during the last quarter. William Blair Investment Management LLC boosted its position in Skyline Champion by 0.3% during the second quarter. William Blair Investment Management LLC now owns 1,197,889 shares of the company’s stock worth $81,157,000 after purchasing an additional 3,313 shares during the period. Headlands Technologies LLC increased its holdings in shares of Skyline Champion by 413.0% in the second quarter. Headlands Technologies LLC now owns 3,776 shares of the company’s stock valued at $256,000 after purchasing an additional 3,040 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of Skyline Champion during the 2nd quarter worth about $372,000.

Skyline Champion Stock Down 3.0 %

Shares of SKY opened at $92.81 on Monday. The company has a current ratio of 2.33, a quick ratio of 1.57 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’s 50 day moving average is $85.61 and its 200-day moving average is $79.19. The stock has a market capitalization of $5.37 billion, a PE ratio of 36.54 and a beta of 1.58.

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

Insider Activity at Skyline Champion

In other Skyline Champion news, Director Mak Capital One Llc sold 40,000 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $88.87, for a total transaction of $3,554,800.00. Following the sale, the director now directly owns 2,716,500 shares in the company, valued at $241,415,355. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Mak Capital One Llc sold 40,000 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $88.87, for a total transaction of $3,554,800.00. Following the sale, the director now owns 2,716,500 shares in the company, valued at approximately $241,415,355. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jonathan Wade Lyall sold 10,000 shares of Skyline Champion stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $89.90, for a total transaction of $899,000.00. Following the completion of the transaction, the executive vice president now directly owns 36,082 shares in the company, valued at $3,243,771.80. The disclosure for this sale can be found here. Insiders sold a total of 163,636 shares of company stock valued at $14,582,253 over the last quarter. 6.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on SKY shares. Wedbush reaffirmed a “neutral” rating and set a $64.00 target price on shares of Skyline Champion in a report on Wednesday, August 7th. Royal Bank of Canada upped their target price on Skyline Champion from $68.00 to $82.00 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. Barclays lifted their price target on Skyline Champion from $68.00 to $85.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Finally, StockNews.com raised Skyline Champion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently 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.