Jacobs Levy Equity Management Inc. Has $20.16 Million Stock Position in Skyline Champion Co. (NYSE:SKY)

Jacobs Levy Equity Management Inc. lessened its holdings in Skyline Champion Co. (NYSE:SKY - Free Report) by 4.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 212,577 shares of the company's stock after selling 9,318 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.37% of Skyline Champion worth $20,163,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SKY. CWM LLC increased its position in shares of Skyline Champion by 7.4% in the third quarter. CWM LLC now owns 2,286 shares of the company's stock valued at $217,000 after buying an additional 158 shares in the last quarter. Verdence Capital Advisors LLC lifted 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 acquiring an additional 171 shares in the last quarter. SummerHaven Investment Management LLC lifted 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 acquiring an additional 216 shares in the last quarter. Penbrook Management LLC increased its holdings 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 purchasing an additional 260 shares during the period. 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 valued at $3,215,000 after acquiring an additional 299 shares during the last quarter.

Insider Buying and Selling at Skyline Champion

In related news, Director Mak Capital One Llc sold 40,000 shares of Skyline Champion stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $88.87, for a total transaction of $3,554,800.00. Following the sale, the director now directly owns 2,716,500 shares of the company's stock, valued at $241,415,355. This trade represents a 1.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.90% of the company's stock.

Analyst Upgrades and Downgrades

SKY has been the topic of a number of research reports. Wedbush restated a "neutral" rating and set a $64.00 price target on shares of Skyline Champion in a research note on Wednesday, August 7th. Craig Hallum raised their price target on Skyline Champion from $92.00 to $99.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Barclays raised their price target on Skyline Champion from $85.00 to $90.00 and gave the company an "equal weight" rating in a report on Thursday, October 31st. Jefferies Financial Group boosted their target price on Skyline Champion from $79.00 to $86.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Finally, StockNews.com upgraded Skyline Champion from a "sell" rating to a "hold" rating in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $85.40.

Skyline Champion Stock Performance

Shares of Skyline Champion stock traded up $0.24 on Thursday, reaching $103.93. 361,145 shares of the company were exchanged, compared to its average volume of 362,036. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.42. The company's 50-day moving average is $96.00 and its two-hundred day moving average is $85.03. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of 40.08 and a beta of 1.59. Skyline Champion Co. has a 1-year low of $64.34 and a 1-year high of $107.26.

Skyline Champion (NYSE:SKY - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.32. The business had revenue of $616.88 million during the quarter, compared to analyst estimates of $600.52 million. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. The company's revenue was up 32.9% compared to the same quarter last year. During the same period last year, the company posted $0.82 EPS. As a group, 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.