Integrated Investment Consultants LLC Reduces Stock Position in Skyline Champion Co. (NYSE:SKY)

Integrated Investment Consultants LLC trimmed its holdings in shares of Skyline Champion Co. (NYSE:SKY) by 2.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 105,554 shares of the company’s stock after selling 3,064 shares during the period. Skyline Champion makes up 0.2% of Integrated Investment Consultants LLC’s holdings, making the stock its 27th biggest holding. Integrated Investment Consultants LLC’s holdings in Skyline Champion were worth $9,299,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Truvestments Capital LLC acquired a new position in shares of Skyline Champion in the 3rd quarter valued at $32,000. Quarry LP acquired a new position in Skyline Champion in the third quarter valued at $67,000. nVerses Capital LLC purchased a new position in shares of Skyline Champion during the third quarter worth about $76,000. MML Investors Services LLC acquired a new stake in shares of Skyline Champion during the third quarter worth about $216,000. Finally, CWM LLC lifted its holdings in shares of Skyline Champion by 7.4% in the 3rd quarter. CWM LLC now owns 2,286 shares of the company’s stock valued at $217,000 after purchasing an additional 158 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SKY shares. Jefferies Financial Group raised their price target on Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada raised their target price on shares of Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. 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 research report on Thursday, October 31st. Finally, Craig Hallum raised their price objective on shares of Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Skyline Champion currently has a consensus rating of “Hold” and an average target price of $85.40.

Skyline Champion Stock Performance

Shares of SKY stock opened at $90.58 on Friday. 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 12-month low of $64.82 and a 12-month high of $116.49. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 34.97 and a beta of 1.63. The stock has a 50 day simple moving average of $96.62 and a 200-day simple moving average of $90.25.

Skyline Champion (NYSE:SKY) last released its 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 company had revenue of $616.88 million during the quarter, compared to the consensus estimate of $600.52 million. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. Skyline Champion’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 earnings per share. On average, equities analysts forecast that Skyline Champion Co. will post 3.43 EPS for the current year.

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.