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

Cannon Global Investment Management LLC raised its stake in Skyline Champion Co. (NYSE:SKY) by 25.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,000 shares of the company’s stock after purchasing an additional 800 shares during the quarter. Cannon Global Investment Management LLC’s holdings in Skyline Champion were worth $379,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SKY. Assenagon Asset Management S.A. acquired a new position in shares of Skyline Champion in the 3rd quarter valued at $27,769,000. Victory Capital Management Inc. lifted its holdings in shares of Skyline Champion by 46.0% during the 2nd quarter. Victory Capital Management Inc. now owns 669,895 shares of the company’s stock valued at $45,385,000 after acquiring an additional 211,099 shares in the last quarter. Forge First Asset Management Inc. acquired a new position in shares of Skyline Champion during the 1st quarter valued at $9,398,000. Castleark Management LLC acquired a new position in shares of Skyline Champion during the 1st quarter valued at $6,366,000. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Skyline Champion by 298.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 94,373 shares of the company’s stock valued at $8,951,000 after acquiring an additional 70,666 shares in the last quarter.

Skyline Champion Stock Up 3.7 %

Shares of SKY traded up $3.26 during midday trading on Friday, hitting $91.49. The company had a trading volume of 625,122 shares, compared to its average volume of 363,365. The company’s 50 day moving average price is $92.53 and its 200 day moving average price is $81.60. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 35.32 and a beta of 1.59. Skyline Champion Co. has a 52 week low of $53.84 and a 52 week high of $101.39. The company has a quick ratio of 1.57, a current ratio of 2.42 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY) last released its earnings results on Monday, October 28th. The company reported $0.93 earnings per share 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 was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 EPS. On average, equities research analysts predict that Skyline Champion Co. will post 3.33 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on SKY. Wedbush restated a “neutral” rating and set a $64.00 target price on shares of Skyline Champion in a report on Wednesday, August 7th. Jefferies Financial Group lifted their target price 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. Craig Hallum boosted their price objective on shares of Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday. StockNews.com upgraded shares of Skyline Champion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Finally, Royal Bank of Canada boosted their price objective on shares of Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $85.40.

Insider Transactions at Skyline Champion

In related news, Director Mak Capital One Llc sold 40,000 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $88.87, for a total transaction of $3,554,800.00. Following the completion of the sale, the director now owns 2,716,500 shares of the company’s stock, valued at $241,415,355. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Erin Mulligan Nelson sold 1,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $83.18, for a total transaction of $83,180.00. Following the completion of the sale, the director now owns 5,170 shares of the company’s stock, valued at $430,040.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mak Capital One Llc sold 40,000 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $88.87, for a total transaction of $3,554,800.00. Following the sale, the director now directly owns 2,716,500 shares of the company’s stock, valued at approximately $241,415,355. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 163,636 shares of company stock valued at $14,582,253. Insiders own 6.90% of the company’s stock.

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.