Skyline Champion Co. (NYSE:SKY) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its position in shares of Skyline Champion Co. (NYSE:SKY) by 30.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,067 shares of the company’s stock after purchasing an additional 1,885 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Skyline Champion were worth $547,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in Skyline Champion in the first quarter valued at approximately $63,000. 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 valued at $151,000 after purchasing an additional 647 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Skyline Champion by 77,800.0% during the 2nd quarter. Blue Trust Inc. now owns 3,116 shares of the company’s stock worth $211,000 after purchasing an additional 3,112 shares during the period. Cannon Global Investment Management LLC acquired a new stake in shares of Skyline Champion during the 2nd quarter worth about $217,000. Finally, Burney Co. purchased a new stake in Skyline Champion in the 2nd quarter valued at about $231,000.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SKY. Barclays lifted their price target on shares of Skyline Champion from $68.00 to $85.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Royal Bank of Canada lifted their target price on shares of Skyline Champion from $68.00 to $82.00 and gave the company a “sector perform” rating in a report on Thursday, August 8th. Wedbush restated a “neutral” rating and set a $64.00 price target on shares of Skyline Champion in a research note on Wednesday, August 7th. Finally, StockNews.com upgraded Skyline Champion from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Skyline Champion has a consensus rating of “Hold” and a consensus target price of $78.75.

Skyline Champion Price Performance

Shares of SKY opened at $92.81 on Friday. The company has a market cap of $5.37 billion, a P/E ratio of 36.54 and a beta of 1.58. Skyline Champion Co. has a fifty-two week low of $52.12 and a fifty-two week high of $97.22. The company has a quick ratio of 1.57, a current ratio of 2.33 and a debt-to-equity ratio of 0.02. The firm’s 50 day moving average price is $85.61 and its 200 day moving average price is $79.21.

Skyline Champion (NYSE:SKY) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.22. The business had revenue of $627.80 million for the quarter, compared to analyst estimates of $600.39 million. Skyline Champion had a return on equity of 13.07% and a net margin of 6.45%. The company’s revenue was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 earnings per share. On average, research analysts forecast that Skyline Champion Co. will post 3.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Erin Mulligan Nelson sold 1,000 shares of Skyline Champion stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $83.18, for a total value of $83,180.00. Following the completion of the transaction, the director now owns 5,170 shares in the company, valued at approximately $430,040.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Skyline Champion news, CFO Laurie M. Hough sold 5,354 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $88.64, for a total value of $474,578.56. Following the sale, the chief financial officer now directly owns 105,153 shares of the company’s stock, valued at approximately $9,320,761.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Erin Mulligan Nelson sold 1,000 shares of Skyline Champion stock in a transaction on Friday, August 9th. The stock was sold at an average price of $83.18, for a total transaction of $83,180.00. Following the sale, the director now directly owns 5,170 shares of the company’s stock, valued at $430,040.60. The disclosure for this sale can be found here. Insiders have sold a total of 163,636 shares of company stock worth $14,582,253 in the last quarter. 6.90% of the stock is owned by company insiders.

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.