Congress Asset Management Co. Acquires 15,242 Shares of Skyline Champion Co. (NYSE:SKY)

Congress Asset Management Co. increased its stake in Skyline Champion Co. (NYSE:SKYFree Report) by 2.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 584,441 shares of the company’s stock after purchasing an additional 15,242 shares during the quarter. Congress Asset Management Co. owned 1.02% of Skyline Champion worth $55,434,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SKY. CWM LLC grew its position in shares of Skyline Champion by 7.4% during the 3rd quarter. CWM LLC now owns 2,286 shares of the company’s stock valued at $217,000 after acquiring an additional 158 shares during the period. SummerHaven Investment Management LLC boosted its holdings in Skyline Champion by 2.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 11,262 shares of the company’s stock worth $763,000 after buying an additional 216 shares during the period. Penbrook Management LLC increased its stake in Skyline Champion by 2.7% in the 2nd quarter. Penbrook Management LLC now owns 9,810 shares of the company’s stock worth $665,000 after buying an additional 260 shares in the last quarter. Arizona State Retirement System raised its holdings in Skyline Champion by 2.2% during the second quarter. Arizona State Retirement System now owns 15,359 shares of the company’s stock valued at $1,041,000 after acquiring an additional 324 shares during the period. Finally, Natixis Advisors LLC lifted its position in shares of Skyline Champion by 0.4% in the second quarter. Natixis Advisors LLC now owns 176,640 shares of the company’s stock valued at $11,967,000 after acquiring an additional 634 shares in the last quarter.

Insider Activity at Skyline Champion

In other news, Director Erin Mulligan Nelson sold 1,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $83.18, for a total transaction of $83,180.00. Following the transaction, the director now directly owns 5,170 shares in the company, valued at approximately $430,040.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Timothy Mark Larson sold 5,500 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were 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 owns 43,300 shares of the company’s stock, valued at $3,593,900. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Erin Mulligan Nelson sold 1,000 shares of Skyline Champion stock in a transaction that occurred 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 completion of the sale, the director now owns 5,170 shares of the company’s stock, valued at $430,040.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 163,636 shares of company stock worth $14,582,253. Company insiders own 6.90% of the company’s stock.

Skyline Champion Trading Down 0.9 %

Shares of NYSE SKY traded down $0.80 during midday trading on Thursday, hitting $89.19. The company’s stock had a trading volume of 18,220 shares, compared to its average volume of 355,810. The firm has a market cap of $5.14 billion, a P/E ratio of 34.75 and a beta of 1.57. Skyline Champion Co. has a 12-month low of $52.12 and a 12-month high of $101.39. The company has a current ratio of 2.33, a quick ratio of 1.57 and a debt-to-equity ratio of 0.02. The business’s 50 day moving average is $92.56 and its two-hundred day moving average is $81.42.

Skyline Champion (NYSE:SKYGet Free Report) last released its quarterly earnings data on Monday, October 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.32. The company had revenue of $616.88 million during the quarter, compared to analysts’ expectations of $600.52 million. Skyline Champion had a net margin of 6.45% and a return on equity of 13.07%. The firm’s quarterly revenue was up 32.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 EPS. As a group, equities research analysts expect that Skyline Champion Co. will post 3.01 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on SKY. Craig Hallum boosted their price target on shares of Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays upped their target price 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. Wedbush reiterated a “neutral” rating and issued a $64.00 price target on shares of Skyline Champion in a research report on Wednesday, August 7th. Royal Bank of Canada upped their price objective on Skyline Champion from $82.00 to $88.00 and gave the company a “sector perform” rating in a research report on Wednesday. Finally, Jefferies Financial Group raised their price objective on Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $84.40.

View Our Latest Research Report on SKY

Skyline Champion Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Skyline Champion (NYSE:SKY)

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