Truvestments Capital LLC Invests $32,000 in Skyline Champion Co. (NYSE:SKY)

Truvestments Capital LLC acquired a new stake in Skyline Champion Co. (NYSE:SKY) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 334 shares of the company’s stock, valued at approximately $32,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Algert Global LLC grew its position in shares of Skyline Champion by 164.1% during the 3rd quarter. Algert Global LLC now owns 14,590 shares of the company’s stock worth $1,384,000 after buying an additional 9,066 shares during the period. Cerity Partners LLC grew its holdings in Skyline Champion by 118.8% during the third quarter. Cerity Partners LLC now owns 188,767 shares of the company’s stock valued at $17,905,000 after purchasing an additional 102,506 shares during the period. Citigroup Inc. increased its stake in Skyline Champion by 63.3% in the third quarter. Citigroup Inc. now owns 79,668 shares of the company’s stock valued at $7,557,000 after purchasing an additional 30,892 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Skyline Champion by 5.6% in the third 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 period. Finally, Integrated Investment Consultants LLC boosted its position in shares of 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 purchasing an additional 57,456 shares in the last quarter.

Insiders Place Their Bets

In other Skyline Champion news, Director Mak Capital One Llc sold 40,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 2,716,500 shares of the company’s stock, valued at $241,415,355. The trade was a 1.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 6.90% of the company’s stock.

Skyline Champion Stock Up 0.3 %

Shares of Skyline Champion stock opened at $103.73 on Thursday. The firm has a market cap of $5.95 billion, a PE ratio of 40.05 and a beta of 1.59. The business’s 50 day simple moving average is $94.89 and its 200 day simple moving average is $84.19. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.42. Skyline Champion Co. has a 52-week low of $58.85 and a 52-week high of $107.26.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.32. The business had revenue of $616.88 million for the quarter, compared to analyst estimates of $600.52 million. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. The firm’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 earnings per share. On average, analysts predict that Skyline Champion Co. will post 3.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SKY. Wedbush restated a “neutral” rating and issued a $64.00 price objective on shares of Skyline Champion in a research report on Wednesday, August 7th. Craig Hallum lifted their price objective on Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. StockNews.com upgraded Skyline Champion from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Jefferies Financial Group raised their target price 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, Barclays upped their price target on shares of Skyline Champion from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Five 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 has an average rating of “Hold” and an average target price of $85.40.

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.