8,518 Shares in Skyline Champion Co. (NYSE:SKY) Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. purchased a new position in shares of Skyline Champion Co. (NYSE:SKY) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,518 shares of the company’s stock, valued at approximately $808,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC boosted its position in shares of Skyline Champion by 7.4% during the 3rd quarter. CWM LLC now owns 2,286 shares of the company’s stock valued at $217,000 after acquiring an additional 158 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in Skyline Champion by 5.1% during the third quarter. Verdence Capital Advisors LLC now owns 3,514 shares of the company’s stock valued at $333,000 after purchasing an additional 171 shares in the last quarter. SummerHaven Investment Management LLC boosted its holdings in Skyline Champion by 2.0% during the second quarter. SummerHaven Investment Management LLC now owns 11,262 shares of the company’s stock valued at $763,000 after purchasing an additional 216 shares in the last quarter. Penbrook Management LLC grew its stake in shares of Skyline Champion by 2.7% in the 2nd quarter. Penbrook Management LLC now owns 9,810 shares of the company’s stock valued at $665,000 after purchasing an additional 260 shares during the period. Finally, Portside Wealth Group LLC raised its holdings in shares of Skyline Champion by 10.0% in the 3rd quarter. Portside Wealth Group LLC now owns 3,339 shares of the company’s stock worth $317,000 after buying an additional 304 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Barclays upped their price target on Skyline Champion from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Royal Bank of Canada increased their target price on shares of Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Wedbush restated a “neutral” rating and issued a $64.00 price target on shares of Skyline Champion in a research report on Wednesday, August 7th. Craig Hallum raised their price objective on shares of Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group boosted their target price on Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $85.40.

Insider Activity

In other Skyline Champion news, EVP Jonathan Wade Lyall sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $89.90, for a total value of $899,000.00. Following the transaction, the executive vice president now directly owns 36,082 shares of the company’s stock, valued at approximately $3,243,771.80. This trade represents a 21.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mak Capital One Llc sold 40,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $241,415,355. The trade was a 1.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 130,000 shares of company stock valued at $11,666,600 over the last 90 days. 6.90% of the stock is owned by company insiders.

Skyline Champion Trading Up 2.0 %

Shares of NYSE SKY opened at $98.69 on Wednesday. Skyline Champion Co. has a 1-year low of $58.62 and a 1-year high of $101.39. The company has a 50-day moving average of $93.74 and a two-hundred day moving average of $83.28. The company has a market cap of $5.67 billion, a PE ratio of 38.10 and a beta of 1.59. The company has a current ratio of 2.42, a quick ratio of 1.64 and a debt-to-equity ratio of 0.02.

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

Skyline Champion 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.