Skyline Champion Co. (NYSE:SKY) Shares Sold by Kingfisher Capital LLC

Kingfisher Capital LLC lowered its position in shares of Skyline Champion Co. (NYSE:SKY) by 5.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,764 shares of the company’s stock after selling 2,216 shares during the period. Kingfisher Capital LLC owned about 0.07% of Skyline Champion worth $3,866,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Truvestments Capital LLC purchased a new position in shares of Skyline Champion during the third quarter worth about $32,000. nVerses Capital LLC purchased a new position in Skyline Champion in the third quarter worth $76,000. Kessler Investment Group LLC lifted its stake 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 purchasing an additional 647 shares during the period. CWM LLC boosted its stake in shares of Skyline Champion by 7.4% during the 3rd quarter. CWM LLC now owns 2,286 shares of the company’s stock worth $217,000 after acquiring an additional 158 shares in the last quarter. Finally, OLD National Bancorp IN acquired a new position in Skyline Champion during the third quarter worth $225,000.

Insider Transactions at Skyline Champion

In related news, Director Mak Capital One Llc sold 40,000 shares of Skyline Champion 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 sale, the director now directly owns 2,716,500 shares in the company, valued at $241,415,355. This trade represents a 1.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 6.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target on Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Wedbush restated a “neutral” rating and set a $64.00 price objective on shares of Skyline Champion in a research report on Wednesday, August 7th. Craig Hallum increased their price objective 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 raised Skyline Champion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Jefferies Financial Group boosted their target price 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. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $85.40.

Skyline Champion Trading Up 0.3 %

NYSE SKY opened at $103.73 on Friday. The company’s fifty day simple moving average is $94.89 and its 200-day simple moving average is $84.19. The company has a current ratio of 2.42, a quick ratio of 1.64 and a debt-to-equity ratio of 0.02. The stock has a market cap of $5.95 billion, a P/E ratio of 40.05 and a beta of 1.59. Skyline Champion Co. has a 52 week low of $58.85 and a 52 week high of $107.26.

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