Cerity Partners LLC Acquires 102,506 Shares of Skyline Champion Co. (NYSE:SKY)

Cerity Partners LLC boosted its holdings in Skyline Champion Co. (NYSE:SKY - Free Report) by 118.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 188,767 shares of the company's stock after buying an additional 102,506 shares during the quarter. Cerity Partners LLC owned 0.33% of Skyline Champion worth $17,905,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its holdings in shares of Skyline Champion by 2.1% in the second quarter. Thrivent Financial for Lutherans now owns 2,642,123 shares of the company's stock worth $179,004,000 after buying an additional 53,965 shares during the period. William Blair Investment Management LLC raised its stake in Skyline Champion by 0.3% during the 2nd quarter. William Blair Investment Management LLC now owns 1,197,889 shares of the company's stock valued at $81,157,000 after purchasing an additional 3,313 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in shares of Skyline Champion by 4.4% in 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 period. Burgundy Asset Management Ltd. grew its holdings in shares of Skyline Champion by 3.3% during the second quarter. Burgundy Asset Management Ltd. now owns 768,346 shares of the company's stock valued at $52,055,000 after buying an additional 24,353 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in Skyline Champion by 46.0% during the second quarter. Victory Capital Management Inc. now owns 669,895 shares of the company's stock valued at $45,385,000 after buying an additional 211,099 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group upped their target price on Skyline Champion from $79.00 to $86.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. StockNews.com raised Skyline Champion from a "sell" rating to a "hold" rating in a research report on Thursday, August 8th. Royal Bank of Canada increased their price target on shares of Skyline Champion from $82.00 to $88.00 and gave the stock a "sector perform" rating in a research note on Wednesday, October 30th. Barclays upped 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 upped their price target on Skyline Champion from $92.00 to $99.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $85.40.

Skyline Champion Stock Performance

Skyline Champion stock traded down $0.88 on Tuesday, hitting $103.37. The company's stock had a trading volume of 248,301 shares, compared to its average volume of 360,748. The company has a fifty day moving average price of $94.48 and a 200-day moving average price of $83.89. The firm has a market cap of $5.93 billion, a P/E ratio of 40.25 and a beta of 1.59. Skyline Champion Co. has a one year low of $58.85 and a one year high of $107.26. The company has a quick ratio of 1.64, a current ratio of 2.42 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $616.88 million for the quarter, compared to the consensus estimate of $600.52 million. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. The company's quarterly revenue was up 32.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.82 earnings per share. On average, equities analysts anticipate that Skyline Champion Co. will post 3.43 earnings per share for the current year.

Insider Transactions at Skyline Champion

In related news, Director Mak Capital One Llc sold 40,000 shares of the firm's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $88.87, for a total transaction of $3,554,800.00. Following the completion of the sale, the director now directly owns 2,716,500 shares of the company's stock, valued at $241,415,355. This trade represents a 1.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.90% of the stock is owned by insiders.

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.