Burney Co. Has $1.08 Million Stock Holdings in Skyline Champion Co. (NYSE:SKY)

Burney Co. boosted its position in shares of Skyline Champion Co. (NYSE:SKY) by 10.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,254 shares of the company’s stock after purchasing an additional 1,164 shares during the quarter. Burney Co.’s holdings in Skyline Champion were worth $1,080,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SKY. Truvestments Capital LLC bought a new position in shares of Skyline Champion during the third quarter worth $32,000. Quarry LP bought a new position in Skyline Champion during the third quarter worth about $67,000. nVerses Capital LLC acquired a new position in Skyline Champion in the third quarter valued at about $76,000. MML Investors Services LLC bought a new stake in shares of Skyline Champion in the third quarter worth about $216,000. Finally, CWM LLC raised its position in shares of Skyline Champion by 7.4% during the third quarter. CWM LLC now owns 2,286 shares of the company’s stock worth $217,000 after purchasing an additional 158 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SKY. Barclays boosted 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. Craig Hallum increased 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. Royal Bank of Canada boosted their price objective on shares of Skyline Champion from $82.00 to $88.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group increased their target price on Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $85.40.

Skyline Champion Stock Performance

Shares of SKY stock opened at $91.98 on Friday. The firm has a market cap of $5.28 billion, a PE ratio of 35.51 and a beta of 1.63. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49. The company’s fifty day simple moving average is $96.78 and its 200-day simple moving average is $90.06. The company has a quick ratio of 1.64, a current ratio of 2.42 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY) last posted 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 company had revenue of $616.88 million during the quarter, compared to the consensus estimate of $600.52 million. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. The company’s quarterly revenue was up 32.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 EPS. Equities research analysts expect that Skyline Champion Co. will post 3.43 EPS 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.