Posted by admin on Jul 10th, 2022

AE Wealth Management LLC grew its position in Skyline Champion Co. (NYSE:SKY – Get Rating) by 13.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 9,988 shares of the company’s stock after buying an additional 1,177 shares during the period. AE Wealth Management LLC’s holdings in Skyline Champion were worth $548,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Walleye Capital LLC acquired a new stake in shares of Skyline Champion in the 4th quarter valued at $483,000. Ulland Investment Advisors LLC acquired a new stake in shares of Skyline Champion in the 4th quarter valued at $5,054,000. SG Capital Management LLC boosted its position in shares of Skyline Champion by 6.1% in the 4th quarter. SG Capital Management LLC now owns 211,295 shares of the company’s stock worth $16,688,000 after purchasing an additional 12,175 shares during the last quarter. Spectrum Asset Management Inc. NB CA bought a new position in shares of Skyline Champion in the 4th quarter worth $309,000. Finally, Cubist Systematic Strategies LLC boosted its position in shares of Skyline Champion by 116.1% in the 4th quarter. Cubist Systematic Strategies LLC now owns 90,319 shares of the company’s stock worth $7,133,000 after purchasing an additional 48,524 shares during the last quarter. 98.48% of the stock is owned by institutional investors.

SKY opened at $55.06 on Friday. The business’s 50-day moving average price is $51.36 and its two-hundred day moving average price is $60.31. Skyline Champion Co. has a 1 year low of $43.04 and a 1 year high of $85.92. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 12.72 and a beta of 1.92. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.23 and a quick ratio of 1.55.

Skyline Champion (NYSE:SKY – Get Rating) last released its quarterly earnings results on Monday, May 23rd. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.52. Skyline Champion had a return on equity of 35.01% and a net margin of 11.24%. The firm had revenue of $638.12 million for the quarter, compared to the consensus estimate of $561.80 million. During the same quarter last year, the business posted $0.61 EPS. The company’s revenue for the quarter was up 42.5% on a year-over-year basis. Sell-side analysts anticipate that Skyline Champion Co. will post 5.04 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the company. StockNews.com initiated coverage on Skyline Champion in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Wedbush upgraded Skyline Champion from a “neutral” rating to an “outperform” rating and set a $70.00 target price on the stock in a report on Thursday. Royal Bank of Canada reduced their target price on Skyline Champion from $87.00 to $61.00 in a report on Wednesday, May 25th. Barclays reduced their target price on Skyline Champion from $84.00 to $71.00 and set an “overweight” rating on the stock in a report on Wednesday, May 25th. Finally, Craig Hallum reduced their target price on Skyline Champion from $80.00 to $71.00 in a report on Wednesday, May 25th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $68.25.

In related news, Director Erin Mulligan Nelson sold 6,508 shares of Skyline Champion stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $52.83, for a total value of $343,817.64. Following the sale, the director now owns 1,750 shares of the company’s stock, valued at $92,452.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.10% of the stock is currently owned by insiders.

Skyline Champion Profile (Get Rating)

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.

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