Integrated Investment Consultants LLC Purchases 57,456 Shares of Skyline Champion Co. (NYSE:SKY)

Integrated Investment Consultants LLC grew its position in shares of Skyline Champion Co. (NYSE:SKY) by 112.3% during the third quarter, Holdings Channel reports. The institutional investor owned 108,618 shares of the company’s stock after purchasing an additional 57,456 shares during the quarter. Skyline Champion accounts for 0.2% of Integrated Investment Consultants LLC’s holdings, making the stock its 22nd largest holding. Integrated Investment Consultants LLC’s holdings in Skyline Champion were worth $10,302,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. nVerses Capital LLC bought a new stake in Skyline Champion in the 3rd quarter valued at about $76,000. Kessler Investment Group LLC boosted its holdings in Skyline Champion by 41.0% in the 2nd quarter. Kessler Investment Group LLC now owns 2,225 shares of the company’s stock worth $151,000 after buying an additional 647 shares during the period. Blue Trust Inc. grew its stake in Skyline Champion by 77,800.0% in the 2nd quarter. Blue Trust Inc. now owns 3,116 shares of the company’s stock valued at $211,000 after buying an additional 3,112 shares in the last quarter. Cannon Global Investment Management LLC bought a new stake in Skyline Champion during the 2nd quarter valued at $217,000. Finally, CWM LLC lifted its position in shares of Skyline Champion by 7.4% during the third 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.

Insider Activity

In other Skyline Champion news, EVP Jonathan Wade Lyall sold 10,000 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $89.90, for a total transaction of $899,000.00. Following the completion of the sale, the executive vice president now owns 36,082 shares of the company’s stock, valued at $3,243,771.80. This represents a 21.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mak Capital One Llc sold 80,000 shares of the stock in a transaction dated 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 sale, the director now owns 2,920,000 shares of the company’s stock, valued at approximately $263,267,200. This represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 130,000 shares of company stock worth $11,666,600. 6.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SKY has been the subject of a number of analyst reports. Wedbush reaffirmed a “neutral” rating and issued a $64.00 price target on shares of Skyline Champion in a report on Wednesday, August 7th. Royal Bank of Canada raised their target price on 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 target on Skyline Champion from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Jefferies Financial Group increased their price target on shares of Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, StockNews.com raised shares of Skyline Champion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Five research 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 a consensus price target of $85.40.

Skyline Champion Price Performance

Shares of NYSE SKY opened at $98.17 on Thursday. The firm has a market capitalization of $5.63 billion, a P/E ratio of 37.90 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 simple moving average is $93.96 and its two-hundred day simple moving average is $83.39. Skyline Champion Co. has a twelve month low of $58.62 and a twelve month high of $101.39.

Skyline Champion (NYSE:SKY) last announced its earnings results on Monday, October 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.32. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. 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 business earned $0.82 earnings per share. The firm’s quarterly revenue was up 32.9% compared to the same quarter last year. As a group, equities analysts anticipate that Skyline Champion Co. will post 3.43 EPS for the current fiscal year.

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.