Castleark Management LLC Buys 3,200 Shares of Skyline Champion Co. (NYSE:SKY)

Castleark Management LLC grew its stake in Skyline Champion Co. (NYSE:SKYFree Report) by 6.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,500 shares of the company’s stock after acquiring an additional 3,200 shares during the period. Castleark Management LLC owned 0.09% of Skyline Champion worth $4,695,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its position in Skyline Champion by 2.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,642,123 shares of the company’s stock valued at $179,004,000 after purchasing an additional 53,965 shares during the period. State Street Corp boosted its stake in Skyline Champion by 4.6% in the third quarter. State Street Corp now owns 1,790,962 shares of the company’s stock valued at $169,873,000 after acquiring an additional 78,733 shares during the last quarter. FMR LLC grew its holdings in Skyline Champion by 32.3% during the 3rd quarter. FMR LLC now owns 1,491,907 shares of the company’s stock worth $141,507,000 after acquiring an additional 363,885 shares during the period. William Blair Investment Management LLC raised its position in shares of Skyline Champion by 0.3% during the 2nd quarter. William Blair Investment Management LLC now owns 1,197,889 shares of the company’s stock valued at $81,157,000 after acquiring an additional 3,313 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in shares of Skyline Champion by 4.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 844,367 shares of the company’s stock valued at $57,206,000 after purchasing an additional 35,880 shares during the period.

Skyline Champion Stock Performance

Shares of SKY stock opened at $104.22 on Friday. 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 $64.34 and a 52 week high of $107.26. The company’s 50 day moving average price is $96.40 and its two-hundred day moving average price is $85.33. The company has a market capitalization of $5.98 billion, a P/E ratio of 40.24 and a beta of 1.59.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SKY shares. Barclays lifted their price objective on Skyline Champion from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Jefferies Financial Group upped their price target on Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada lifted their price objective 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, October 30th. Finally, Craig Hallum increased 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. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $85.40.

Read Our Latest Analysis on Skyline Champion

Skyline Champion Company Profile

(Free Report)

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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