Skyline Champion Co. (NYSE:SKY) Shares Purchased by Algert Global LLC

Algert Global LLC boosted its stake in Skyline Champion Co. (NYSE:SKY) by 164.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,590 shares of the company’s stock after purchasing an additional 9,066 shares during the period. Algert Global LLC’s holdings in Skyline Champion were worth $1,384,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new stake in Skyline Champion in the 3rd quarter valued at $76,000. Kessler Investment Group LLC increased its holdings in Skyline Champion by 41.0% in the 2nd quarter. Kessler Investment Group LLC now owns 2,225 shares of the company’s stock valued at $151,000 after purchasing an additional 647 shares in the last quarter. CWM LLC increased its holdings in Skyline Champion by 7.4% in the 3rd quarter. CWM LLC now owns 2,286 shares of the company’s stock valued at $217,000 after purchasing an additional 158 shares in the last quarter. OLD National Bancorp IN acquired a new stake in shares of Skyline Champion during the third quarter valued at about $225,000. Finally, Net Worth Advisory Group acquired a new stake in shares of Skyline Champion during the third quarter valued at about $272,000.

Skyline Champion Stock Up 0.3 %

NYSE:SKY opened at $103.73 on Friday. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 40.05 and a beta of 1.59. Skyline Champion Co. has a one year low of $58.85 and a one year high of $107.26. The stock has a 50-day simple moving average of $94.89 and a 200 day simple moving average of $84.19. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.42.

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

Insiders Place Their Bets

In other Skyline Champion news, Director Mak Capital One Llc sold 40,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $88.87, for a total value of $3,554,800.00. Following the transaction, the director now owns 2,716,500 shares of the company’s stock, valued at $241,415,355. This trade represents a 1.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 6.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SKY. Barclays raised their target price on Skyline Champion from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Wedbush restated a “neutral” rating and set a $64.00 target price on shares of Skyline Champion in a research note on Wednesday, August 7th. Craig Hallum raised their target price on Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. StockNews.com upgraded Skyline Champion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Royal Bank of Canada raised their target price on Skyline Champion from $82.00 to $88.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $85.40.

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.