Barclays PLC Increases Stock Holdings in Skyline Champion Co. (NYSE:SKY)

Barclays PLC lifted its stake in Skyline Champion Co. (NYSE:SKY - Free Report) by 136.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 111,140 shares of the company's stock after buying an additional 64,229 shares during the quarter. Barclays PLC owned approximately 0.19% of Skyline Champion worth $10,543,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. CWM LLC raised its holdings in shares of Skyline Champion by 7.4% during the 3rd quarter. CWM LLC now owns 2,286 shares of the company's stock worth $217,000 after acquiring an additional 158 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in Skyline Champion by 5.1% during the third quarter. Verdence Capital Advisors LLC now owns 3,514 shares of the company's stock valued at $333,000 after purchasing an additional 171 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in Skyline Champion by 2.0% during the second quarter. SummerHaven Investment Management LLC now owns 11,262 shares of the company's stock valued at $763,000 after purchasing an additional 216 shares during the last quarter. Penbrook Management LLC grew its stake in shares of 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. Finally, BNP Paribas Financial Markets increased its holdings in shares of Skyline Champion by 0.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 33,894 shares of the company's stock worth $3,215,000 after buying an additional 299 shares during the last quarter.

Skyline Champion Trading Down 1.6 %

Shares of NYSE SKY traded down $1.61 during mid-day trading on Tuesday, reaching $101.03. 1,163,084 shares of the company's stock were exchanged, compared to its average volume of 388,596. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 39.01 and a beta of 1.59. Skyline Champion Co. has a 52-week low of $64.82 and a 52-week high of $116.49. The company's 50-day moving average is $98.00 and its 200-day moving average is $87.23. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.42.

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 for the quarter, beating analysts' consensus estimates of $0.61 by $0.32. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. The business had revenue of $616.88 million during the quarter, compared to analysts' expectations of $600.52 million. During the same period in the previous year, the firm posted $0.82 earnings per share. The company's revenue was up 32.9% on a year-over-year basis. Analysts expect that Skyline Champion Co. will post 3.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.