Skyline Champion Co. (NYSE:SKY) Shares Sold by Prospera Financial Services Inc

Prospera Financial Services Inc decreased its stake in Skyline Champion Co. (NYSE:SKY) by 34.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,200 shares of the company’s stock after selling 2,200 shares during the period. Prospera Financial Services Inc’s holdings in Skyline Champion were worth $398,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co boosted its position in Skyline Champion by 122.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 12,074 shares of the company’s stock worth $1,029,000 after purchasing an additional 6,639 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Skyline Champion by 35.4% in the 1st quarter. Janus Henderson Group PLC now owns 42,484 shares of the company’s stock worth $3,614,000 after buying an additional 11,096 shares in the last quarter. Castleark Management LLC acquired a new stake in Skyline Champion in the 1st quarter valued at about $6,366,000. Harbor Capital Advisors Inc. grew its stake in Skyline Champion by 273.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 23,707 shares of the company’s stock valued at $1,606,000 after acquiring an additional 17,359 shares during the last quarter. Finally, Mirador Capital Partners LP increased its holdings in Skyline Champion by 4.4% during the 2nd quarter. Mirador Capital Partners LP now owns 70,200 shares of the company’s stock valued at $4,756,000 after acquiring an additional 2,956 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently commented on SKY shares. Royal Bank of Canada increased their price target on shares of Skyline Champion from $82.00 to $88.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group increased their target price on Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Wedbush reissued a “neutral” rating and issued a $64.00 price target on shares of Skyline Champion in a report on Wednesday, August 7th. StockNews.com raised Skyline Champion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Craig Hallum boosted their target price on shares of Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $85.40.

Insiders Place Their Bets

In other Skyline Champion news, Director Mak Capital One Llc sold 40,000 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was 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 $241,415,355. This represents a 1.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.90% of the stock is currently owned by insiders.

Skyline Champion Stock Performance

NYSE SKY opened at $102.10 on Monday. The business’s 50-day moving average price is $94.27 and its 200 day moving average price is $83.72. The company has a current ratio of 2.42, a quick ratio of 1.64 and a debt-to-equity ratio of 0.02. Skyline Champion Co. has a twelve month low of $58.85 and a twelve month high of $102.42. The company has a market capitalization of $5.86 billion, a PE ratio of 39.42 and a beta of 1.59.

Skyline Champion (NYSE:SKY) last announced 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 net margin of 6.42% and a return on equity of 13.20%. The business had revenue of $616.88 million for the quarter, compared to analyst estimates of $600.52 million. During the same period in the prior year, the firm posted $0.82 EPS. The company’s revenue was up 32.9% on a year-over-year basis. On average, research analysts predict that Skyline Champion Co. will post 3.43 earnings per share for the current year.

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.