Loomis Sayles & Co. L P Trims Position in Skyline Champion Co. (NYSE:SKY)

Loomis Sayles & Co. L P decreased its holdings in Skyline Champion Co. (NYSE:SKY) by 48.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 178,509 shares of the company’s stock after selling 169,407 shares during the quarter. Loomis Sayles & Co. L P owned about 0.31% of Skyline Champion worth $16,932,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Algert Global LLC raised its holdings in Skyline Champion by 164.1% in the 3rd quarter. Algert Global LLC now owns 14,590 shares of the company’s stock worth $1,384,000 after purchasing an additional 9,066 shares in the last quarter. Cerity Partners LLC raised its stake in Skyline Champion by 118.8% in the third quarter. Cerity Partners LLC now owns 188,767 shares of the company’s stock worth $17,905,000 after buying an additional 102,506 shares in the last quarter. Citigroup Inc. lifted its holdings in Skyline Champion by 63.3% in the third quarter. Citigroup Inc. now owns 79,668 shares of the company’s stock worth $7,557,000 after buying an additional 30,892 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Skyline Champion by 5.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 639,981 shares of the company’s stock valued at $60,702,000 after acquiring an additional 33,942 shares in the last quarter. Finally, Integrated Investment Consultants LLC boosted its position in Skyline Champion by 112.3% during the 3rd quarter. Integrated Investment Consultants LLC now owns 108,618 shares of the company’s stock valued at $10,302,000 after acquiring an additional 57,456 shares in the last quarter.

Skyline Champion Price Performance

Shares of NYSE:SKY opened at $103.45 on Wednesday. The company has a market capitalization of $5.94 billion, a PE ratio of 39.94 and a beta of 1.59. The business has a fifty day moving average price of $94.67 and a 200-day moving average price of $84.05. Skyline Champion Co. has a 1-year low of $58.85 and a 1-year high of $107.26. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.42 and a quick ratio of 1.64.

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

Insider Buying and Selling

In other Skyline Champion news, Director Mak Capital One Llc sold 40,000 shares of Skyline Champion stock in a transaction on Friday, September 6th. The stock was sold at an average price of $88.87, for a total value of $3,554,800.00. Following the completion of the sale, the director now owns 2,716,500 shares of the company’s stock, valued at approximately $241,415,355. This trade represents a 1.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Craig Hallum raised their target price on Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Barclays raised their price objective 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 reaffirmed a “neutral” rating and issued a $64.00 target price on shares of Skyline Champion in a research report on Wednesday, August 7th. Jefferies Financial Group lifted their price target on shares of Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, StockNews.com upgraded shares of Skyline Champion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Skyline Champion has an average 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.