Creative Planning Acquires 6,281 Shares of Skyline Champion Co. (NYSE:SKY)

Creative Planning raised its holdings in Skyline Champion Co. (NYSE:SKY - Free Report) by 166.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,049 shares of the company's stock after buying an additional 6,281 shares during the period. Creative Planning's holdings in Skyline Champion were worth $953,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. CWM LLC lifted its holdings 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 purchasing an additional 158 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in Skyline Champion by 2.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 11,262 shares of the company's stock worth $763,000 after purchasing an additional 216 shares in the last quarter. Penbrook Management LLC boosted its holdings in Skyline Champion by 2.7% in the 2nd quarter. Penbrook Management LLC now owns 9,810 shares of the company's stock valued at $665,000 after purchasing an additional 260 shares during the period. Arizona State Retirement System grew its position in shares of Skyline Champion by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 15,359 shares of the company's stock worth $1,041,000 after purchasing an additional 324 shares in the last quarter. Finally, Natixis Advisors LLC increased its holdings in shares of Skyline Champion by 0.4% during the second quarter. Natixis Advisors LLC now owns 176,640 shares of the company's stock worth $11,967,000 after purchasing an additional 634 shares during the period.

Skyline Champion Price Performance

SKY stock traded up $3.26 during midday trading on Friday, reaching $91.49. 625,122 shares of the stock were exchanged, compared to its average volume of 363,365. Skyline Champion Co. has a 52 week low of $53.84 and a 52 week high of $101.39. The company has a fifty day moving average price of $92.53 and a 200 day moving average price of $81.60. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.42 and a quick ratio of 1.57. The stock has a market capitalization of $5.25 billion, a PE ratio of 35.32 and a beta of 1.59.

Skyline Champion (NYSE:SKY - Get Free Report) last released its quarterly earnings results 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 company had revenue of $616.88 million for the quarter, compared to analysts' expectations of $600.52 million. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. The business's quarterly revenue was up 32.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.82 earnings per share. As a group, analysts expect that Skyline Champion Co. will post 3.33 EPS for the current fiscal year.

Insider Buying and Selling at Skyline Champion

In related news, Director Erin Mulligan Nelson sold 1,000 shares of the business's stock in a transaction on Friday, August 9th. The shares were sold at an average price of $83.18, for a total value of $83,180.00. Following the sale, the director now owns 5,170 shares of the company's stock, valued at $430,040.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction of $83,180.00. Following the transaction, the director now directly owns 5,170 shares of the company's stock, valued at approximately $430,040.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timothy Mark Larson sold 5,500 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $83.00, for a total value of $456,500.00. Following the completion of the sale, the insider now directly owns 43,300 shares of the company's stock, valued at approximately $3,593,900. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 163,636 shares of company stock worth $14,582,253. 6.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada increased their price target on Skyline Champion from $82.00 to $88.00 and gave the stock a "sector perform" rating in a research report on Wednesday. StockNews.com raised Skyline Champion from a "sell" rating to a "hold" rating in a research note on Thursday, August 8th. Barclays raised their target price on shares of Skyline Champion from $85.00 to $90.00 and gave the company an "equal weight" rating in a report on Thursday. Wedbush reaffirmed a "neutral" rating and set a $64.00 price target on shares of Skyline Champion in a report on Wednesday, August 7th. Finally, Jefferies Financial Group lifted their price target on Skyline Champion from $79.00 to $86.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Skyline Champion has an average rating of "Hold" and a consensus target price of $85.40.

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.