Stifel Financial Corp Grows Stake in Skyline Champion Co. (NYSE:SKY)

Stifel Financial Corp increased its holdings in Skyline Champion Co. (NYSE:SKY) by 42.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,305 shares of the company’s stock after purchasing an additional 2,494 shares during the period. Stifel Financial Corp’s holdings in Skyline Champion were worth $788,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Summit Partners Public Asset Management LLC increased its holdings in Skyline Champion by 23.3% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 404,673 shares of the company’s stock valued at $38,383,000 after acquiring an additional 76,573 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Skyline Champion by 38.6% in the second quarter. Canada Pension Plan Investment Board now owns 42,700 shares of the company’s stock worth $2,893,000 after purchasing an additional 11,900 shares during the last quarter. Algert Global LLC increased its holdings in shares of Skyline Champion by 164.1% in the third quarter. Algert Global LLC now owns 14,590 shares of the company’s stock worth $1,384,000 after purchasing an additional 9,066 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Skyline Champion by 46.0% in the second quarter. Victory Capital Management Inc. now owns 669,895 shares of the company’s stock worth $45,385,000 after buying an additional 211,099 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Skyline Champion during the third quarter valued at approximately $2,369,000.

Skyline Champion Trading Up 0.7 %

SKY opened at $91.89 on Wednesday. Skyline Champion Co. has a one year low of $64.82 and a one year high of $116.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.42. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 35.48 and a beta of 1.59. The stock’s 50 day moving average price is $98.02 and its 200-day moving average price is $87.96.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings data 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 company 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 firm’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same quarter last year, the business posted $0.82 EPS. On average, equities analysts forecast that Skyline Champion Co. will post 3.43 EPS for the current year.

Wall Street Analyst Weigh In

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

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.