Assenagon Asset Management S.A. Makes New $27.77 Million Investment in Skyline Champion Co. (NYSE:SKY)

Assenagon Asset Management S.A. bought a new stake in Skyline Champion Co. (NYSE:SKY - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 292,766 shares of the company's stock, valued at approximately $27,769,000. Assenagon Asset Management S.A. owned 0.51% of Skyline Champion at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SKY. CWM LLC raised its position in Skyline Champion by 7.4% in the 3rd quarter. CWM LLC now owns 2,286 shares of the company's stock worth $217,000 after purchasing an additional 158 shares during the period. SummerHaven Investment Management LLC raised its holdings in shares of Skyline Champion by 2.0% in the second 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 lifted its stake in shares of 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 acquiring an additional 260 shares during the last quarter. Arizona State Retirement System boosted its holdings in Skyline Champion by 2.2% during the 2nd 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 grew its position in Skyline Champion by 0.4% in the 2nd 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 during the last quarter.

Skyline Champion Stock Down 1.0 %

Shares of NYSE:SKY traded down $0.90 during trading hours on Friday, hitting $88.13. The company's stock had a trading volume of 306,510 shares, compared to its average volume of 355,387. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.33 and a quick ratio of 1.57. The firm's fifty day moving average price is $92.49 and its 200 day moving average price is $81.19. Skyline Champion Co. has a 52 week low of $52.12 and a 52 week high of $101.39. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of 34.70 and a beta of 1.57.

Skyline Champion (NYSE:SKY - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.22. The company had revenue of $627.80 million during the quarter, compared to the consensus estimate of $600.39 million. Skyline Champion had a net margin of 6.45% and a return on equity of 13.07%. Skyline Champion's revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.89 earnings per share. As a group, research analysts expect that Skyline Champion Co. will post 3.01 EPS for the current year.

Insider Buying and Selling

In other Skyline Champion news, Director Erin Mulligan Nelson sold 1,000 shares of Skyline Champion stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $83.18, for a total value of $83,180.00. Following the transaction, the director now owns 5,170 shares in the company, valued at $430,040.60. The trade was 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 available at the SEC website. In other news, Director Mak Capital One Llc sold 80,000 shares of the company's stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $90.16, for a total transaction of $7,212,800.00. Following the transaction, the director now directly owns 2,920,000 shares of the company's stock, valued at approximately $263,267,200. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Erin Mulligan Nelson sold 1,000 shares of the firm's stock in a transaction on Friday, August 9th. The stock was sold at an average price of $83.18, for a total value of $83,180.00. Following the completion of the sale, the director now directly owns 5,170 shares of the company's stock, valued at $430,040.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 163,636 shares of company stock worth $14,582,253 in the last three months. 6.90% of the stock is owned by insiders.

Analyst Ratings Changes

SKY has been the subject of several research analyst reports. Barclays lifted their target price on Skyline Champion from $68.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Monday, August 12th. StockNews.com upgraded shares of Skyline Champion from a "sell" rating to a "hold" rating in a report on Thursday, August 8th. Royal Bank of Canada upped their target price on shares of Skyline Champion from $68.00 to $82.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 8th. Jefferies Financial Group lifted their price target on shares of Skyline Champion from $79.00 to $86.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Finally, Wedbush reiterated a "neutral" rating and issued a $64.00 price target on shares of Skyline Champion in a report on Wednesday, August 7th. 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 presently has a consensus rating of "Hold" and a consensus price target of $80.20.

Skyline Champion 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.