Integrated Investment Consultants LLC Has $10.30 Million Stock Position in Skyline Champion Co. (NYSE:SKY)

Integrated Investment Consultants LLC raised its stake in Skyline Champion Co. (NYSE:SKY) by 112.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 108,618 shares of the company’s stock after acquiring an additional 57,456 shares during the quarter. Skyline Champion makes up approximately 0.2% of Integrated Investment Consultants LLC’s investment portfolio, making the stock its 22nd largest position. Integrated Investment Consultants LLC owned 0.19% of Skyline Champion worth $10,302,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. CWM LLC boosted its position in Skyline Champion by 7.4% during the 3rd quarter. CWM LLC now owns 2,286 shares of the company’s stock worth $217,000 after buying an additional 158 shares during the period. Verdence Capital Advisors LLC lifted its holdings in shares of Skyline Champion by 5.1% during the third quarter. Verdence Capital Advisors LLC now owns 3,514 shares of the company’s stock worth $333,000 after purchasing an additional 171 shares during the period. SummerHaven Investment Management LLC grew its stake in shares of Skyline Champion by 2.0% in the second quarter. SummerHaven Investment Management LLC now owns 11,262 shares of the company’s stock worth $763,000 after purchasing an additional 216 shares during the last quarter. Penbrook Management LLC increased its holdings in Skyline Champion by 2.7% in the second quarter. Penbrook Management LLC now owns 9,810 shares of the company’s stock valued at $665,000 after purchasing an additional 260 shares during the period. Finally, Portside Wealth Group LLC raised its position in Skyline Champion by 10.0% during the 3rd quarter. Portside Wealth Group LLC now owns 3,339 shares of the company’s stock worth $317,000 after purchasing an additional 304 shares during the last quarter.

Insiders Place Their Bets

In other news, EVP Jonathan Wade Lyall sold 10,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $89.90, for a total value of $899,000.00. Following the completion of the sale, the executive vice president now owns 36,082 shares in the company, valued at $3,243,771.80. This represents a 21.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mak Capital One Llc sold 80,000 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $90.16, for a total transaction of $7,212,800.00. Following the transaction, the director now directly owns 2,920,000 shares in the company, valued at $263,267,200. The trade was a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 130,000 shares of company stock valued at $11,666,600. Corporate insiders own 6.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SKY shares. Barclays upped their price target on Skyline Champion from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Wedbush reissued a “neutral” rating and set a $64.00 target price on shares of Skyline Champion in a research report on Wednesday, August 7th. Jefferies Financial Group boosted their price target on shares of Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada increased their price target on Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Finally, Craig Hallum boosted their price objective on 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 stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $85.40.

Skyline Champion Stock Down 0.6 %

SKY stock opened at $98.17 on Thursday. The company has a market cap of $5.63 billion, a P/E ratio of 37.90 and a beta of 1.59. Skyline Champion Co. has a fifty-two week low of $58.62 and a fifty-two week high of $101.39. The stock’s 50 day simple moving average is $93.96 and its 200 day simple moving average is $83.39. 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 (NYSE:SKY) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.32. The business had revenue of $616.88 million during 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%. Skyline Champion’s quarterly revenue was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.82 EPS. On average, research analysts expect that Skyline Champion Co. will post 3.43 earnings per share for the current fiscal 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.