Cwm LLC Buys 158 Shares of Skyline Champion Co. (NYSE:SKY)

Cwm LLC raised its stake in Skyline Champion Co. (NYSE:SKY) by 7.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,286 shares of the company’s stock after purchasing an additional 158 shares during the quarter. Cwm LLC’s holdings in Skyline Champion were worth $217,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of SKY. SG Americas Securities LLC lifted its position in shares of Skyline Champion by 86.4% in the third quarter. SG Americas Securities LLC now owns 12,903 shares of the company’s stock valued at $1,224,000 after buying an additional 5,979 shares during the last quarter. Aristides Capital LLC acquired a new stake in shares of Skyline Champion in the second quarter valued at approximately $339,000. Algert Global LLC acquired a new stake in shares of Skyline Champion in the second quarter valued at approximately $374,000. Scientech Research LLC acquired a new stake in shares of Skyline Champion in the second quarter valued at approximately $539,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Skyline Champion by 3.4% in the second quarter. The Manufacturers Life Insurance Company now owns 32,642 shares of the company’s stock valued at $2,211,000 after buying an additional 1,064 shares during the last quarter.

Insider Activity

In related news, CFO Laurie M. Hough sold 5,354 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $88.64, for a total transaction of $474,578.56. Following the transaction, the chief financial officer now directly owns 105,153 shares of the company’s stock, valued at approximately $9,320,761.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Skyline Champion news, insider Timothy Mark Larson sold 5,500 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $83.00, for a total transaction of $456,500.00. Following the completion of the sale, the insider now directly owns 43,300 shares of the company’s stock, valued at approximately $3,593,900. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Laurie M. Hough sold 5,354 shares of the company’s 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 completion of the transaction, the chief financial officer now directly owns 105,153 shares of the company’s stock, valued at approximately $9,320,761.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 163,636 shares of company stock valued at $14,582,253 in the last ninety days. 6.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

SKY has been the subject of a number of recent analyst reports. Barclays raised their price objective on Skyline Champion from $68.00 to $85.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Jefferies Financial Group lifted their price target on Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Royal Bank of Canada lifted their price target on Skyline Champion from $68.00 to $82.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. StockNews.com raised Skyline Champion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Finally, Wedbush reissued a “neutral” rating and set a $64.00 price target on shares of Skyline Champion in a report on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Skyline Champion presently has an average rating of “Hold” and an average target price of $80.20.

Skyline Champion Trading Down 2.8 %

NYSE SKY opened at $90.84 on Wednesday. The business’s 50-day moving average price is $92.35 and its two-hundred day moving average price is $80.96. Skyline Champion Co. has a 12 month low of $52.12 and a 12 month high of $101.39. The firm has a market capitalization of $5.25 billion, a PE ratio of 35.76 and a beta of 1.57. The company has a current ratio of 2.33, a quick ratio of 1.57 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.22. The firm 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 business’s revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.89 EPS. On average, analysts expect that Skyline Champion Co. will post 3.01 EPS for the current year.

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.