Mirador Capital Partners LP Acquires 294 Shares of Skyline Champion Co. (NYSE:SKY)

Mirador Capital Partners LP increased its holdings in shares of Skyline Champion Co. (NYSE:SKY) by 0.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 51,514 shares of the company’s stock after purchasing an additional 294 shares during the period. Mirador Capital Partners LP’s holdings in Skyline Champion were worth $4,538,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Truvestments Capital LLC bought a new stake in shares of Skyline Champion during the third quarter worth approximately $32,000. Quarry LP bought a new stake in shares of Skyline Champion during the third quarter worth approximately $67,000. nVerses Capital LLC bought a new stake in shares of Skyline Champion during the third quarter worth approximately $76,000. MML Investors Services LLC bought a new stake in shares of Skyline Champion during the third quarter worth approximately $216,000. Finally, CWM LLC raised its position in shares of Skyline Champion by 7.4% in the third quarter. CWM LLC now owns 2,286 shares of the company’s stock valued at $217,000 after buying an additional 158 shares in the last quarter.

Skyline Champion Stock Down 0.6 %

Shares of NYSE:SKY opened at $92.30 on Thursday. The company has a fifty day moving average of $96.77 and a 200-day moving average of $90.04. The company has a market capitalization of $5.30 billion, a PE ratio of 35.64 and a beta of 1.63. 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 Co. has a 52-week low of $64.82 and a 52-week high of $116.49.

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

Analyst Ratings Changes

A number of research firms have recently weighed in on SKY. Jefferies Financial Group lifted their price target on shares of Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada lifted their price target on shares of Skyline Champion from $82.00 to $88.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Barclays lifted their price target on shares of Skyline Champion from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Finally, Craig Hallum boosted their price objective on shares of Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $85.40.

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.