Raymond James Trust N.A. Trims Position in Skyline Champion Co. (NYSE:SKY)

Raymond James Trust N.A. trimmed its position in Skyline Champion Co. (NYSE:SKY) by 13.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,580 shares of the company’s stock after selling 392 shares during the period. Raymond James Trust N.A.’s holdings in Skyline Champion were worth $245,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Assenagon Asset Management S.A. purchased a new stake in Skyline Champion in the 3rd quarter worth approximately $27,769,000. Victory Capital Management Inc. raised its position in shares of Skyline Champion by 46.0% in the second quarter. Victory Capital Management Inc. now owns 669,895 shares of the company’s stock worth $45,385,000 after buying an additional 211,099 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in Skyline Champion by 298.1% during the third quarter. Harbor Capital Advisors Inc. now owns 94,373 shares of the company’s stock valued at $8,951,000 after buying an additional 70,666 shares during the period. Integrated Investment Consultants LLC grew its position in Skyline Champion by 112.3% during the third quarter. Integrated Investment Consultants LLC now owns 108,618 shares of the company’s stock worth $10,302,000 after buying an additional 57,456 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake 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 worth $179,004,000 after acquiring an additional 53,965 shares during the last quarter.

Insider Transactions at Skyline Champion

In other news, Director Mak Capital One Llc sold 40,000 shares of the stock in a transaction dated Friday, September 6th. The shares were 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 in the company, valued at approximately $241,415,355. This represents a 1.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 6.90% of the company’s stock.

Skyline Champion Stock Performance

Skyline Champion stock opened at $103.73 on Thursday. The firm has a fifty day simple moving average of $94.89 and a two-hundred day simple moving average of $84.19. Skyline Champion Co. has a twelve month low of $58.85 and a twelve month high of $107.26. 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.

Skyline Champion (NYSE:SKY) last issued its earnings results on Monday, October 28th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.32. The company had revenue of $616.88 million during the quarter, compared to analysts’ expectations of $600.52 million. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. Skyline Champion’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 EPS. Research analysts expect that Skyline Champion Co. will post 3.43 EPS for the current year.

Analysts Set New Price Targets

SKY has been the subject of several recent analyst reports. 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. StockNews.com raised shares of Skyline Champion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Royal Bank of Canada upped their target price on shares of Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Wedbush restated a “neutral” rating and set a $64.00 price target on shares of Skyline Champion in a research report on Wednesday, August 7th. Finally, Craig Hallum upped their price objective on Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.