7,100 Shares in Skyline Champion Co. (NYSE:SKY) Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. acquired a new stake in shares of Skyline Champion Co. (NYSE:SKY - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 7,100 shares of the company's stock, valued at approximately $673,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SKY. CWM LLC increased its stake in shares of 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 acquiring an additional 158 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in Skyline Champion by 5.1% in the third quarter. Verdence Capital Advisors LLC now owns 3,514 shares of the company's stock worth $333,000 after purchasing an additional 171 shares during the period. SummerHaven Investment Management LLC increased its stake in shares of Skyline Champion by 2.0% during the second quarter. SummerHaven Investment Management LLC now owns 11,262 shares of the company's stock valued at $763,000 after purchasing an additional 216 shares in the last quarter. Penbrook Management LLC lifted its holdings in shares of Skyline Champion by 2.7% during the second 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 last quarter. Finally, BNP Paribas Financial Markets boosted its position 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 worth $3,215,000 after purchasing an additional 299 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group upped their price target on shares of Skyline Champion from $79.00 to $86.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Royal Bank of Canada increased their price target on shares of Skyline Champion from $82.00 to $88.00 and gave the company a "sector perform" rating in a report on Wednesday, October 30th. Barclays boosted their price objective on shares of Skyline Champion from $85.00 to $90.00 and gave the stock an "equal weight" rating in a report on Thursday, October 31st. Finally, Craig Hallum increased their target price on Skyline Champion from $92.00 to $99.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $85.40.

Skyline Champion Stock Performance

Shares of NYSE:SKY traded down $0.83 during trading on Thursday, hitting $108.09. The company's stock had a trading volume of 647,430 shares, compared to its average volume of 378,565. The company has a 50-day moving average of $97.44 and a 200-day moving average of $86.30. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.42 and a quick ratio of 1.64. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 41.73 and a beta of 1.59. Skyline Champion Co. has a 12 month low of $64.40 and a 12 month high of $116.49.

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 business had revenue of $616.88 million for the quarter, compared to the consensus estimate of $600.52 million. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. The company's quarterly revenue was up 32.9% on a year-over-year basis. During the same period last year, the firm earned $0.82 earnings per share. On average, sell-side analysts expect that Skyline Champion Co. will post 3.43 earnings per share for the current year.

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.