Holocene Advisors LP Sells 3,976 Shares of Skyline Champion Co. (NYSE:SKY)

Holocene Advisors LP lowered its holdings in shares of Skyline Champion Co. (NYSE:SKY) by 11.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,655 shares of the company’s stock after selling 3,976 shares during the period. Holocene Advisors LP owned approximately 0.05% of Skyline Champion worth $2,813,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Centiva Capital LP bought a new stake in shares of Skyline Champion in the 3rd quarter worth approximately $896,000. Atom Investors LP increased its position in Skyline Champion by 307.2% during the 3rd quarter. Atom Investors LP now owns 71,224 shares of the company’s stock valued at $6,756,000 after buying an additional 53,733 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Skyline Champion during the third quarter valued at $232,000. Edgestream Partners L.P. boosted its holdings in Skyline Champion by 163.3% in the third quarter. Edgestream Partners L.P. now owns 19,279 shares of the company’s stock worth $1,829,000 after acquiring an additional 11,956 shares in the last quarter. Finally, Verition Fund Management LLC grew its stake in shares of Skyline Champion by 360.1% in the third quarter. Verition Fund Management LLC now owns 24,129 shares of the company’s stock worth $2,289,000 after acquiring an additional 18,885 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Craig Hallum lifted their price target on Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Jefferies Financial Group upped their target price on shares of Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Barclays increased their price target on shares of Skyline Champion from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. 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 increased their target price on Skyline Champion from $82.00 to $88.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $85.40.

Skyline Champion Stock Performance

Shares of SKY stock opened at $103.93 on Friday. The company has a quick ratio of 1.64, a current ratio of 2.42 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average price of $96.00 and a 200-day moving average price of $85.03. Skyline Champion Co. has a 52 week low of $64.34 and a 52 week high of $107.26. The firm has a market capitalization of $5.97 billion, a PE ratio of 40.13 and a beta of 1.59.

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

Skyline Champion Company 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.