Skyline Champion Co. (NYSE:SKY) Shares Purchased by Cannon Global Investment Management LLC

Cannon Global Investment Management LLC raised its position in shares of Skyline Champion Co. (NYSE:SKY) by 25.0% in the third quarter, HoldingsChannel reports. The firm owned 4,000 shares of the company’s stock after acquiring an additional 800 shares during the period. Cannon Global Investment Management LLC’s holdings in Skyline Champion were worth $379,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in Skyline Champion during the 1st quarter valued at about $63,000. nVerses Capital LLC acquired a new stake in shares of Skyline Champion in the 3rd quarter worth approximately $76,000. Kessler Investment Group LLC lifted its stake in shares of Skyline Champion by 41.0% in the 2nd quarter. Kessler Investment Group LLC now owns 2,225 shares of the company’s stock worth $151,000 after acquiring an additional 647 shares during the period. CWM LLC lifted its stake in shares of Skyline Champion by 7.4% in the 3rd quarter. CWM LLC now owns 2,286 shares of the company’s stock worth $217,000 after acquiring an additional 158 shares during the period. Finally, OLD National Bancorp IN acquired a new stake in shares of Skyline Champion in the 3rd quarter worth approximately $225,000.

Analyst Ratings Changes

SKY has been the subject of a number of research analyst reports. Wedbush reaffirmed a “neutral” rating and issued a $64.00 price target on shares of Skyline Champion in a research note on Wednesday, August 7th. Royal Bank of Canada upped their price target on shares of Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Wednesday. StockNews.com raised shares of Skyline Champion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Barclays upped 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 note on Thursday. Finally, Jefferies Financial Group increased their target price on shares of Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $85.40.

Skyline Champion Price Performance

SKY stock traded up $3.26 on Friday, hitting $91.49. 625,122 shares of the company’s stock traded hands, compared to its average volume of 363,365. Skyline Champion Co. has a 1-year low of $53.84 and a 1-year high of $101.39. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 35.32 and a beta of 1.59. The stock has a fifty day moving average of $92.53 and a 200-day moving average of $81.60. The company has a current ratio of 2.42, a quick ratio of 1.57 and a debt-to-equity ratio of 0.02.

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 forecast that Skyline Champion Co. will post 3.33 EPS for the current fiscal year.

Insider Activity

In other news, insider Timothy Mark Larson sold 5,500 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $83.00, for a total transaction of $456,500.00. Following the sale, the insider now owns 43,300 shares in the company, valued at $3,593,900. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Skyline Champion news, insider Timothy Mark Larson sold 5,500 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $83.00, for a total value of $456,500.00. Following the transaction, the insider now owns 43,300 shares in the company, valued at approximately $3,593,900. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Timothy A. Burkhardt sold 2,874 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $89.42, for a total transaction of $256,993.08. Following the completion of the transaction, the vice president now owns 38,792 shares in the company, valued at approximately $3,468,780.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 163,636 shares of company stock worth $14,582,253 over the last 90 days. 6.90% of the stock is owned by company insiders.

About Skyline Champion

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.