Congress Asset Management Co. Raises Position in Skyline Champion Co. (NYSE:SKY)

Congress Asset Management Co. lifted its holdings in Skyline Champion Co. (NYSE:SKY - Free Report) by 2.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 584,441 shares of the company's stock after acquiring an additional 15,242 shares during the period. Congress Asset Management Co. owned approximately 1.02% of Skyline Champion worth $55,434,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Headlands Technologies LLC acquired a new position in Skyline Champion in the 1st quarter worth about $63,000. nVerses Capital LLC bought a new position in Skyline Champion in the third quarter worth approximately $76,000. Kessler Investment Group LLC boosted its holdings in Skyline Champion by 41.0% in the second quarter. Kessler Investment Group LLC now owns 2,225 shares of the company's stock worth $151,000 after acquiring an additional 647 shares in the last quarter. Blue Trust Inc. boosted its holdings in Skyline Champion by 77,800.0% in the second quarter. Blue Trust Inc. now owns 3,116 shares of the company's stock worth $211,000 after acquiring an additional 3,112 shares in the last quarter. Finally, Cannon Global Investment Management LLC purchased a new stake in shares of Skyline Champion in the second quarter worth approximately $217,000.

Insider Buying and Selling at Skyline Champion

In related news, Director Michael B. Berman sold 3,496 shares of the firm's stock in a transaction on Monday, August 12th. The shares were sold at an average price of $82.34, for a total transaction of $287,860.64. Following the completion of the transaction, the director now owns 8,099 shares of the company's stock, valued at $666,871.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Skyline Champion news, CFO Laurie M. Hough sold 5,354 shares of the firm's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $88.64, for a total value of $474,578.56. Following the completion of the transaction, the chief financial officer now owns 105,153 shares of the company's stock, valued at $9,320,761.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael B. Berman sold 3,496 shares of the firm's stock in a transaction on Monday, August 12th. The shares were sold at an average price of $82.34, for a total transaction of $287,860.64. Following the completion of the sale, the director now owns 8,099 shares in the company, valued at $666,871.66. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 163,636 shares of company stock worth $14,582,253 over the last three months. Corporate insiders own 6.90% of the company's stock.

Skyline Champion Stock Performance

Shares of NYSE:SKY traded down $1.79 during midday trading on Thursday, hitting $88.20. The company had a trading volume of 241,443 shares, compared to its average volume of 356,868. Skyline Champion Co. has a 12-month low of $52.12 and a 12-month high of $101.39. 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 company has a market cap of $5.08 billion, a price-to-earnings ratio of 34.22 and a beta of 1.57. The company has a fifty day moving average of $92.56 and a two-hundred day moving average of $81.42.

Skyline Champion (NYSE:SKY - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.32. The firm had revenue of $616.88 million during the quarter, compared to the consensus estimate of $600.52 million. Skyline Champion had a net margin of 6.45% and a return on equity of 13.07%. The firm's revenue for the quarter was up 32.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 EPS. On average, equities research analysts expect that Skyline Champion Co. will post 3.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SKY has been the subject of a number of research analyst reports. Royal Bank of Canada increased their price target on Skyline Champion from $82.00 to $88.00 and gave the company a "sector perform" rating in a research report on Wednesday. Craig Hallum raised their price target on Skyline Champion from $92.00 to $99.00 and gave the stock a "buy" rating in a report on Wednesday. Wedbush reissued a "neutral" rating and set a $64.00 price objective on shares of Skyline Champion in a research note on Wednesday, August 7th. Barclays lifted their price objective on Skyline Champion from $85.00 to $90.00 and gave the company an "equal weight" rating in a research note on Thursday. Finally, StockNews.com upgraded Skyline Champion from a "sell" rating to a "hold" rating in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Skyline Champion currently has an average rating of "Hold" and a consensus price target 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.