Scientech Research LLC Makes New Investment in Skyline Champion Co. (NYSE:SKY)

Scientech Research LLC purchased a new position in Skyline Champion Co. (NYSE:SKY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,953 shares of the company’s stock, valued at approximately $539,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Headlands Technologies LLC bought a new position in Skyline Champion during the 1st quarter worth $63,000. Kessler Investment Group LLC grew its position in shares of Skyline Champion by 41.0% during the second quarter. Kessler Investment Group LLC now owns 2,225 shares of the company’s stock worth $151,000 after acquiring an additional 647 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Skyline Champion by 77,800.0% in the 2nd quarter. Blue Trust Inc. now owns 3,116 shares of the company’s stock worth $211,000 after acquiring an additional 3,112 shares during the period. Cannon Global Investment Management LLC bought a new stake in Skyline Champion in the 2nd quarter valued at about $217,000. Finally, Burney Co. acquired a new position in Skyline Champion during the 2nd quarter valued at about $231,000.

Skyline Champion Stock Up 0.5 %

Shares of SKY stock opened at $94.30 on Monday. Skyline Champion Co. has a 1 year low of $52.12 and a 1 year high of $97.22. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.57 and a current ratio of 2.33. The business’s fifty day moving average is $87.27 and its 200-day moving average is $79.49. The stock has a market cap of $5.45 billion, a PE ratio of 37.13 and a beta of 1.58.

Skyline Champion (NYSE:SKY) last released its earnings results on Tuesday, August 6th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.22. Skyline Champion had a return on equity of 13.07% and a net margin of 6.45%. The firm had revenue of $627.80 million for the quarter, compared to analyst estimates of $600.39 million. During the same period in the previous year, the company earned $0.89 earnings per share. Skyline Champion’s revenue was up 35.1% compared to the same quarter last year. Equities analysts expect that Skyline Champion Co. will post 3.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Mak Capital One Llc sold 40,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 2,716,500 shares in the company, valued at $241,415,355. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Mak Capital One Llc sold 40,000 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $88.87, for a total value of $3,554,800.00. Following the completion of the transaction, the director now owns 2,716,500 shares in the company, valued at approximately $241,415,355. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jonathan Wade Lyall sold 10,000 shares of Skyline Champion stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $89.90, for a total value of $899,000.00. Following the completion of the transaction, the executive vice president now directly owns 36,082 shares in the company, valued at approximately $3,243,771.80. The disclosure for this sale can be found here. Insiders have sold 163,636 shares of company stock worth $14,582,253 in the last ninety days. 6.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Royal Bank of Canada raised their price target on shares of Skyline Champion from $68.00 to $82.00 and gave the company a “sector perform” rating in a research note on Thursday, August 8th. StockNews.com raised Skyline Champion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Wedbush reissued a “neutral” rating and issued a $64.00 price target on shares of Skyline Champion in a research note on Wednesday, August 7th. Finally, Barclays raised their price target on Skyline Champion from $68.00 to $85.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Four equities 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, Skyline Champion presently has a consensus rating of “Hold” and an average target price of $78.75.

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.