Skyline Champion Co. (NYSE:SKY) Shares Purchased by Atom Investors LP

Atom Investors LP lifted its holdings in Skyline Champion Co. (NYSE:SKY - Free Report) by 307.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 71,224 shares of the company's stock after purchasing an additional 53,733 shares during the quarter. Skyline Champion accounts for approximately 0.7% of Atom Investors LP's investment portfolio, making the stock its 29th largest position. Atom Investors LP owned 0.12% of Skyline Champion worth $6,756,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in SKY. Janus Henderson Group PLC increased its stake in Skyline Champion by 35.4% in the first quarter. Janus Henderson Group PLC now owns 42,484 shares of the company's stock worth $3,614,000 after purchasing an additional 11,096 shares during the period. Harbor Capital Advisors Inc. increased its holdings in shares of Skyline Champion by 273.5% during the second quarter. Harbor Capital Advisors Inc. now owns 23,707 shares of the company's stock valued at $1,606,000 after acquiring an additional 17,359 shares in the last quarter. Mirador Capital Partners LP raised its holdings in shares of Skyline Champion by 4.4% in the second quarter. Mirador Capital Partners LP now owns 70,200 shares of the company's stock worth $4,756,000 after buying an additional 2,956 shares during the last quarter. Kessler Investment Group LLC lifted its position in Skyline Champion by 41.0% during the 2nd 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 period. Finally, Blue Trust Inc. increased its holdings in 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 buying an additional 3,112 shares during the period.

Insiders Place Their Bets

In related news, Director Mak Capital One Llc sold 80,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $90.16, for a total transaction of $7,212,800.00. Following the sale, the director now owns 2,920,000 shares in the company, valued at approximately $263,267,200. This trade represents a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.90% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Barclays raised their target price on Skyline Champion from $85.00 to $90.00 and gave the stock an "equal weight" rating in a report on Thursday, October 31st. Royal Bank of Canada upped their price objective on shares of Skyline Champion from $82.00 to $88.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 30th. Jefferies Financial Group boosted their price target on shares of Skyline Champion from $79.00 to $86.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Craig Hallum lifted their target price on Skyline Champion from $92.00 to $99.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Skyline Champion from a "sell" rating to a "hold" rating in a report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $85.40.

Skyline Champion Stock Up 1.6 %

Skyline Champion stock traded up $1.61 during midday trading on Monday, reaching $105.34. The company's stock had a trading volume of 358,499 shares, compared to its average volume of 362,149. The business has a 50-day simple moving average of $95.27 and a 200-day simple moving average of $84.55. The company has a market cap of $6.05 billion, a P/E ratio of 40.88 and a beta of 1.59. Skyline Champion Co. has a fifty-two week low of $62.01 and a fifty-two week high of $107.26. The company has a quick ratio of 1.64, a current ratio of 2.42 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.32. The company had revenue of $616.88 million for the quarter, compared to the consensus estimate of $600.52 million. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. Skyline Champion's revenue for the quarter was up 32.9% on a year-over-year basis. During the same period last year, the firm posted $0.82 EPS. On average, research analysts expect that Skyline Champion Co. will post 3.43 earnings per share for the current fiscal year.

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.