Skyline Champion Co. (NYSE:SKY) Shares Purchased by Argent Capital Management LLC

Argent Capital Management LLC raised its position in shares of Skyline Champion Co. (NYSE:SKY) by 32.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 20,385 shares of the company’s stock after buying an additional 4,959 shares during the quarter. Argent Capital Management LLC’s holdings in Skyline Champion were worth $1,796,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Oppenheimer Asset Management Inc. raised its holdings in Skyline Champion by 30.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 8,067 shares of the company’s stock valued at $547,000 after buying an additional 1,885 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Skyline Champion by 2.8% in the second quarter. Envestnet Asset Management Inc. now owns 27,345 shares of the company’s stock worth $1,853,000 after buying an additional 737 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Skyline Champion in the second quarter worth $923,000. Seven Eight Capital LP boosted its holdings in Skyline Champion by 154.4% in the second quarter. Seven Eight Capital LP now owns 21,783 shares of the company’s stock worth $1,476,000 after purchasing an additional 13,220 shares during the period. Finally, First Eagle Investment Management LLC boosted its holdings in Skyline Champion by 24.8% in the second quarter. First Eagle Investment Management LLC now owns 106,555 shares of the company’s stock worth $7,219,000 after purchasing an additional 21,200 shares during the period.

Skyline Champion Stock Performance

Shares of SKY opened at $92.67 on Thursday. The firm has a market cap of $5.32 billion, a price-to-earnings ratio of 35.78 and a beta of 1.63. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49. The company’s fifty day moving average is $96.77 and its 200-day moving average is $90.04. The company has a quick ratio of 1.64, a current ratio of 2.42 and a debt-to-equity ratio of 0.02.

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SKY. Jefferies Financial Group boosted 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. Royal Bank of Canada increased their price objective on Skyline Champion from $82.00 to $88.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Craig Hallum raised their target price 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, Barclays lifted their price target on Skyline Champion from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.