Mirador Capital Partners LP Purchases 294 Shares of Skyline Champion Co. (NYSE:SKY)

Mirador Capital Partners LP raised its position in Skyline Champion Co. (NYSE:SKY) by 0.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 51,514 shares of the company’s stock after buying an additional 294 shares during the period. Mirador Capital Partners LP owned about 0.09% of Skyline Champion worth $4,538,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its position in Skyline Champion by 2.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,642,123 shares of the company’s stock valued at $179,004,000 after buying an additional 53,965 shares during the last quarter. State Street Corp boosted its position in shares of Skyline Champion by 4.6% in the 3rd quarter. State Street Corp now owns 1,790,962 shares of the company’s stock worth $169,873,000 after purchasing an additional 78,733 shares during the last quarter. FMR LLC boosted its position in shares of Skyline Champion by 32.3% in the 3rd quarter. FMR LLC now owns 1,491,907 shares of the company’s stock worth $141,507,000 after purchasing an additional 363,885 shares during the last quarter. Burgundy Asset Management Ltd. boosted its position in shares of Skyline Champion by 3.3% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 768,346 shares of the company’s stock worth $52,055,000 after purchasing an additional 24,353 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Skyline Champion by 5.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 639,981 shares of the company’s stock worth $60,702,000 after purchasing an additional 33,942 shares during the last quarter.

Analyst Ratings Changes

Several research firms have recently issued reports on SKY. Royal Bank of Canada raised their price target on Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. 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. Jefferies Financial Group raised their price target on Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Barclays raised their price objective on Skyline Champion from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Skyline Champion currently has an average rating of “Hold” and a consensus price target of $85.40.

Skyline Champion Stock Performance

Shares of Skyline Champion stock opened at $92.30 on Thursday. The company has a market capitalization of $5.30 billion, a PE ratio of 35.64 and a beta of 1.63. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49. 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’s fifty day simple moving average is $96.77 and its 200 day simple moving average is $90.04.

Skyline Champion (NYSE:SKY) last released its quarterly earnings results on Monday, October 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $616.88 million for the quarter, compared to the consensus estimate of $600.52 million. During the same quarter last year, the business posted $0.82 EPS. The company’s revenue for the quarter was up 32.9% on a year-over-year basis. On average, research analysts predict that Skyline Champion Co. will post 3.43 EPS for the current 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.