8,518 Shares in Skyline Champion Co. (NYSE:SKY) Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. purchased a new stake in Skyline Champion Co. (NYSE:SKY - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,518 shares of the company's stock, valued at approximately $808,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SKY. Bessemer Group Inc. lifted its holdings in Skyline Champion by 7.0% during the 1st quarter. Bessemer Group Inc. now owns 156,782 shares of the company's stock worth $13,328,000 after buying an additional 10,251 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Skyline Champion by 38.6% in the second quarter. Canada Pension Plan Investment Board now owns 42,700 shares of the company's stock valued at $2,893,000 after purchasing an additional 11,900 shares during the last quarter. Seven Eight Capital LP acquired a new position in Skyline Champion in the first quarter valued at about $728,000. Vaughan Nelson Investment Management L.P. boosted its holdings in Skyline Champion by 4.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 844,367 shares of the company's stock worth $57,206,000 after buying an additional 35,880 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its position in shares of Skyline Champion by 122.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 12,074 shares of the company's stock worth $1,029,000 after buying an additional 6,639 shares during the period.

Skyline Champion Stock Down 0.6 %

Shares of SKY traded down $0.58 during mid-day trading on Wednesday, hitting $98.17. 325,372 shares of the company's stock were exchanged, compared to its average volume of 360,226. The company has a market cap of $5.63 billion, a PE ratio of 37.90 and a beta of 1.59. The company has a 50-day simple moving average of $93.96 and a 200 day simple moving average of $83.39. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.42 and a quick ratio of 1.64. Skyline Champion Co. has a 52 week low of $58.62 and a 52 week high of $101.39.

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

Analyst Upgrades and Downgrades

SKY has been the subject of a number of analyst reports. StockNews.com upgraded shares of Skyline Champion from a "sell" rating to a "hold" rating in a report on Thursday, August 8th. Barclays upped their price objective on shares of Skyline Champion from $85.00 to $90.00 and gave the company an "equal weight" rating in a research report on Thursday, October 31st. Craig Hallum lifted their target price on Skyline Champion from $92.00 to $99.00 and gave the stock a "buy" rating in a report 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 report on Wednesday, October 9th. Finally, Wedbush reiterated a "neutral" rating and issued a $64.00 price objective on shares of Skyline Champion in a research report on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Skyline Champion presently has a consensus rating of "Hold" and a consensus target price of $85.40.

Insider Buying and Selling at Skyline Champion

In other news, EVP Jonathan Wade Lyall sold 10,000 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $89.90, for a total value of $899,000.00. Following the transaction, the executive vice president now owns 36,082 shares of the company's stock, valued at approximately $3,243,771.80. This represents a 21.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mak Capital One Llc sold 80,000 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $90.16, for a total value of $7,212,800.00. Following the transaction, the director now owns 2,920,000 shares in the company, valued at approximately $263,267,200. This trade represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 130,000 shares of company stock worth $11,666,600 over the last 90 days. Company insiders own 6.90% of the company's stock.

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.