Geode Capital Management LLC Has $115.36 Million Holdings in Skyline Champion Co. (NYSE:SKY)

Geode Capital Management LLC trimmed its position in Skyline Champion Co. (NYSE:SKY - Free Report) by 0.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,216,004 shares of the company's stock after selling 7,455 shares during the quarter. Geode Capital Management LLC owned approximately 2.12% of Skyline Champion worth $115,360,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. CWM LLC grew its stake in 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 buying an additional 158 shares during the last quarter. Verdence Capital Advisors LLC grew its stake in Skyline Champion by 5.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,514 shares of the company's stock worth $333,000 after buying an additional 171 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in Skyline Champion by 2.0% during 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 last quarter. Penbrook Management LLC grew its stake in Skyline Champion by 2.7% during 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 during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Skyline Champion by 0.9% during 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 5.7 %

Shares of NYSE SKY traded down $5.73 during mid-day trading on Wednesday, hitting $95.25. 1,461,636 shares of the company traded hands, compared to its average volume of 393,065. Skyline Champion Co. has a 1 year low of $64.82 and a 1 year high of $116.49. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 36.78 and a beta of 1.59. The company has a quick ratio of 1.64, a current ratio of 2.42 and a debt-to-equity ratio of 0.02. The business has a 50 day moving average of $98.00 and a two-hundred day moving average of $87.23.

Skyline Champion (NYSE:SKY - Get Free Report) last announced its earnings results on Monday, October 28th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.61 by $0.32. The business had revenue of $616.88 million during the quarter, compared to the consensus estimate of $600.52 million. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. Skyline Champion's revenue was up 32.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 earnings per share. On average, sell-side analysts anticipate that Skyline Champion Co. will post 3.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SKY has been the subject of a number of recent research reports. Royal Bank of Canada upped their price objective 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. Jefferies Financial Group increased their price target on Skyline Champion from $79.00 to $86.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Barclays increased their price target on Skyline Champion from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. Finally, Craig Hallum increased their price target on Skyline Champion from $92.00 to $99.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Skyline Champion currently has a consensus rating of "Hold" and an average target price of $85.40.

About Skyline Champion

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.