Skyline Champion Co. (NYSE:SKY) Shares Bought by Cerity Partners LLC

Cerity Partners LLC grew its holdings in shares of Skyline Champion Co. (NYSE:SKY) by 118.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 188,767 shares of the company’s stock after purchasing an additional 102,506 shares during the period. Cerity Partners LLC owned approximately 0.33% of Skyline Champion worth $17,905,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. nVerses Capital LLC acquired a new position in Skyline Champion during the 3rd quarter valued at about $76,000. Kessler Investment Group LLC boosted its holdings in shares of Skyline Champion by 41.0% in the second quarter. Kessler Investment Group LLC now owns 2,225 shares of the company’s stock valued at $151,000 after acquiring an additional 647 shares in the last quarter. CWM LLC increased its stake in shares of Skyline Champion by 7.4% during the third quarter. CWM LLC now owns 2,286 shares of the company’s stock valued at $217,000 after acquiring an additional 158 shares during the period. OLD National Bancorp IN bought a new stake in Skyline Champion during the third quarter worth approximately $225,000. Finally, Net Worth Advisory Group acquired a new stake in Skyline Champion in the third quarter worth approximately $272,000.

Insider Activity

In other Skyline Champion news, Director Mak Capital One Llc sold 40,000 shares of Skyline Champion stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $88.87, for a total transaction 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. The trade was a 1.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 6.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wedbush reiterated a “neutral” rating and set a $64.00 price target on shares of Skyline Champion in a research report on Wednesday, August 7th. Barclays boosted their price target on shares of Skyline Champion from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Jefferies Financial Group upped their price target on shares of Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. StockNews.com raised shares of Skyline Champion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Craig Hallum increased their target price on shares of Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. 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 MarketBeat, Skyline Champion has a consensus rating of “Hold” and a consensus target price of $85.40.

Skyline Champion Price Performance

NYSE SKY opened at $104.25 on Tuesday. 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 Co. has a 1 year low of $58.85 and a 1 year high of $107.26. The company has a market cap of $5.98 billion, a PE ratio of 40.25 and a beta of 1.59. The stock’s 50-day moving average price is $94.48 and its two-hundred day moving average price is $83.89.

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