Atom Investors LP Has $6.76 Million Stake in Skyline Champion Co. (NYSE:SKY)

Atom Investors LP lifted its holdings in Skyline Champion Co. (NYSE:SKY) by 307.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,224 shares of the company’s stock after acquiring an additional 53,733 shares during the period. Skyline Champion makes up approximately 0.7% of Atom Investors LP’s portfolio, making the stock its 29th biggest position. Atom Investors LP owned approximately 0.12% of Skyline Champion worth $6,756,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Skyline Champion during the 3rd quarter valued at $232,000. Edgestream Partners L.P. raised its holdings in shares of Skyline Champion by 163.3% during the third quarter. Edgestream Partners L.P. now owns 19,279 shares of the company’s stock valued at $1,829,000 after purchasing an additional 11,956 shares during the period. Verition Fund Management LLC grew its stake in shares of Skyline Champion by 360.1% in the 3rd quarter. Verition Fund Management LLC now owns 24,129 shares of the company’s stock valued at $2,289,000 after buying an additional 18,885 shares during the period. Captrust Financial Advisors boosted its holdings in Skyline Champion by 15.1% in the third quarter. Captrust Financial Advisors now owns 11,744 shares of the company’s stock worth $1,114,000 after acquiring an additional 1,545 shares in the last quarter. Finally, Walleye Capital LLC increased its holdings in shares of Skyline Champion by 44.3% during the third quarter. Walleye Capital LLC now owns 13,098 shares of the company’s stock valued at $1,242,000 after acquiring an additional 4,020 shares in the last quarter.

Insider Buying and Selling at Skyline Champion

In other news, Director Mak Capital One Llc sold 80,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $90.16, for a total transaction of $7,212,800.00. Following the transaction, the director now owns 2,920,000 shares of the company’s stock, valued at $263,267,200. This represents a 2.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.90% of the company’s stock.

Skyline Champion Price Performance

Shares of NYSE SKY opened at $103.73 on Monday. The company has a market capitalization of $5.95 billion, a PE 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 stock’s 50 day moving average price is $95.27 and its 200-day moving average price is $84.55. Skyline Champion Co. has a twelve month low of $59.78 and a twelve month high of $107.26.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on SKY shares. Barclays boosted their price target on shares of Skyline Champion from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Craig Hallum upped their target price on shares of 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 boosted their price objective on Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Wedbush restated a “neutral” rating and issued a $64.00 target price on shares of Skyline Champion in a report on Wednesday, August 7th. Finally, StockNews.com upgraded Skyline Champion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $85.40.

Skyline Champion 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.