Charles Schwab Investment Management Inc. Acquires 33,942 Shares of Skyline Champion Co. (NYSE:SKY)

Charles Schwab Investment Management Inc. lifted its position in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 5.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 639,981 shares of the company's stock after purchasing an additional 33,942 shares during the period. Charles Schwab Investment Management Inc. owned 1.11% of Skyline Champion worth $60,702,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Integrated Investment Consultants LLC grew its holdings in Skyline Champion by 112.3% in the 3rd quarter. Integrated Investment Consultants LLC now owns 108,618 shares of the company's stock valued at $10,302,000 after buying an additional 57,456 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Skyline Champion in the third quarter valued at about $1,101,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Skyline Champion in the third quarter valued at about $2,369,000. Quest Partners LLC increased its position in Skyline Champion by 56.3% during the third quarter. Quest Partners LLC now owns 8,592 shares of the company's stock worth $815,000 after acquiring an additional 3,094 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new stake in Skyline Champion in the 3rd quarter worth about $808,000.

Skyline Champion Stock Performance

Shares of SKY remained flat at $103.73 during mid-day trading on Friday. 238,251 shares of the stock were exchanged, compared to its average volume of 362,166. The company has a market cap of $5.95 billion, a P/E ratio of 40.05 and a beta of 1.59. The company has a quick ratio of 1.64, a current ratio of 2.42 and a debt-to-equity ratio of 0.02. The business's fifty day moving average price is $95.27 and its 200 day moving average price is $84.50. Skyline Champion Co. has a one year low of $59.78 and a one year high of $107.26.

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, beating 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 firm had revenue of $616.88 million for the quarter, compared to analyst estimates of $600.52 million. During the same quarter last year, the business posted $0.82 earnings per share. The company's quarterly revenue was up 32.9% on a year-over-year basis. As a group, equities analysts forecast that Skyline Champion Co. will post 3.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Skyline Champion news, Director Mak Capital One Llc sold 40,000 shares of the business's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $88.87, for a total transaction of $3,554,800.00. Following the sale, the director now directly owns 2,716,500 shares of the company's stock, valued at $241,415,355. The trade was a 1.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 6.90% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on SKY shares. Royal Bank of Canada increased their target price on shares of Skyline Champion from $82.00 to $88.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 30th. Jefferies Financial Group raised their price objective on Skyline Champion from $79.00 to $86.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Wedbush reiterated a "neutral" rating and set a $64.00 target price on shares of Skyline Champion in a research report on Wednesday, August 7th. Craig Hallum raised their price target on Skyline Champion from $92.00 to $99.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Finally, StockNews.com raised shares of 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 stock. Based on data from MarketBeat, Skyline Champion currently has an average rating of "Hold" and an average target price of $85.40.

Skyline Champion Company 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.