Argent Capital Management LLC Has $1.80 Million Stake in Skyline Champion Co. (NYSE:SKY)

Argent Capital Management LLC grew its holdings in Skyline Champion Co. (NYSE:SKY - Free Report) by 32.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,385 shares of the company's stock after purchasing an additional 4,959 shares during the period. Argent Capital Management LLC's holdings in Skyline Champion were worth $1,796,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Truvestments Capital LLC acquired a new position in shares of Skyline Champion in the 3rd quarter valued at about $32,000. Quarry LP acquired a new position in shares of Skyline Champion in the 3rd quarter valued at about $67,000. nVerses Capital LLC acquired a new position in shares of Skyline Champion in the 3rd quarter valued at about $76,000. MML Investors Services LLC acquired a new position in shares of Skyline Champion in the 3rd quarter valued at about $216,000. Finally, CWM LLC increased its holdings in shares of Skyline Champion by 7.4% in the 3rd quarter. CWM LLC now owns 2,286 shares of the company's stock valued at $217,000 after purchasing an additional 158 shares during the period.

Skyline Champion Stock Performance

Skyline Champion stock traded down $0.84 during trading hours on Thursday, reaching $91.98. 494,976 shares of the company were exchanged, compared to its average volume of 739,128. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 35.51 and a beta of 1.63. The company has a current ratio of 2.42, a quick ratio of 1.64 and a debt-to-equity ratio of 0.02. The stock has a 50-day moving average of $96.78 and a 200 day moving average of $90.06. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49.

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

Analyst Ratings Changes

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

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.