Sei Investments Co. Purchases 955 Shares of Skyline Champion Co. (NYSE:SKY)

Sei Investments Co. increased its position in shares of Skyline Champion Co. (NYSE:SKY) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,755 shares of the company’s stock after purchasing an additional 955 shares during the period. Sei Investments Co.’s holdings in Skyline Champion were worth $12,517,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its holdings in shares of Skyline Champion by 9.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 225,410 shares of the company’s stock worth $16,739,000 after buying an additional 19,438 shares in the last quarter. UBS Group AG increased its holdings in Skyline Champion by 46.0% in the 4th quarter. UBS Group AG now owns 81,214 shares of the company’s stock valued at $6,031,000 after acquiring an additional 25,592 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Skyline Champion in the 1st quarter worth $791,000. Bessemer Group Inc. boosted its holdings in shares of Skyline Champion by 7.0% during the 1st quarter. Bessemer Group Inc. now owns 156,782 shares of the company’s stock valued at $13,328,000 after purchasing an additional 10,251 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC grew its position in shares of Skyline Champion by 53.4% during the fourth quarter. Intrinsic Edge Capital Management LLC now owns 132,706 shares of the company’s stock valued at $9,855,000 after purchasing an additional 46,181 shares in the last quarter.

Skyline Champion Price Performance

Shares of Skyline Champion stock opened at $94.30 on Friday. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 37.13 and a beta of 1.58. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.57 and a current ratio of 2.33. The stock has a 50 day moving average price of $87.27 and a 200-day moving average price of $79.56. Skyline Champion Co. has a one year low of $52.12 and a one year high of $97.22.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Barclays boosted their target price on Skyline Champion from $68.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Wedbush reiterated 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 upgraded shares of Skyline Champion from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, Royal Bank of Canada increased their price objective on shares of Skyline Champion from $68.00 to $82.00 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $78.75.

Insider Buying and Selling

In other Skyline Champion news, Director Mak Capital One Llc sold 80,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 2,920,000 shares in the company, valued at $263,267,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Mak Capital One Llc sold 80,000 shares of Skyline Champion 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 completion of the sale, the director now directly owns 2,920,000 shares in the company, valued at $263,267,200. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Timothy A. Burkhardt sold 2,874 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $89.42, for a total transaction of $256,993.08. Following the completion of the transaction, the vice president now owns 38,792 shares in the company, valued at $3,468,780.64. The disclosure for this sale can be found here. Insiders have sold 163,636 shares of company stock valued at $14,582,253 in the last ninety days. 6.90% of the stock is owned by company insiders.

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.