StockNews.com cut shares of Skyline Champion (NYSE:SKY – Free Report) from a hold rating to a sell rating in a research report released on Thursday.
SKY has been the topic of several other reports. Craig Hallum decreased their price target on Skyline Champion from $88.00 to $84.00 and set a buy rating on the stock in a research report on Thursday. Royal Bank of Canada decreased their price target on Skyline Champion from $73.00 to $68.00 and set a sector perform rating on the stock in a research report on Thursday. Finally, Wedbush reiterated a neutral rating and set a $72.00 price target on shares of Skyline Champion in a research report on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $71.00.
Get Our Latest Stock Report on SKY
Skyline Champion Trading Up 0.6 %
Skyline Champion (NYSE:SKY – Get Free Report) last announced its quarterly earnings results on Tuesday, May 21st. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.05). Skyline Champion had a net margin of 7.24% and a return on equity of 13.50%. The company had revenue of $536.36 million for the quarter, compared to the consensus estimate of $560.90 million. During the same quarter in the prior year, the company earned $1.00 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, research analysts anticipate that Skyline Champion will post 2.78 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Castleark Management LLC bought a new position in shares of Skyline Champion in the first quarter worth approximately $6,366,000. Janus Henderson Group PLC boosted its stake in Skyline Champion by 35.4% in the first 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. Robotti Robert boosted its stake in Skyline Champion by 0.6% in the first quarter. Robotti Robert now owns 130,889 shares of the company’s stock worth $11,127,000 after buying an additional 765 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Skyline Champion by 122.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 12,074 shares of the company’s stock worth $1,029,000 after buying an additional 6,639 shares in the last quarter. Finally, Burgundy Asset Management Ltd. boosted its stake in Skyline Champion by 1.0% in the first quarter. Burgundy Asset Management Ltd. now owns 743,993 shares of the company’s stock worth $63,247,000 after buying an additional 7,516 shares in the last quarter.
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.
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