Skyline Champion (NYSE:SKY) Receives Neutral Rating from Wedbush

Wedbush reissued their neutral rating on shares of Skyline Champion (NYSE:SKYFree Report) in a research note published on Tuesday morning, Benzinga reports. Wedbush currently has a $72.00 price objective on the stock.

A number of other equities research analysts have also issued reports on the stock. StockNews.com raised shares of Skyline Champion from a sell rating to a hold rating in a report on Friday, December 1st. Royal Bank of Canada cut their target price on shares of Skyline Champion from $68.00 to $55.00 and set a sector perform rating for the company in a report on Thursday, November 2nd. Finally, Barclays raised their target price on shares of Skyline Champion from $61.00 to $69.00 and gave the company an equal weight rating in a report on Wednesday, December 13th. Five 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 an average target price of $67.80.

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Skyline Champion Trading Up 12.0 %

Shares of SKY opened at $79.56 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.02 and a quick ratio of 3.27. Skyline Champion has a 1 year low of $52.12 and a 1 year high of $80.63. The company has a 50 day simple moving average of $69.85 and a two-hundred day simple moving average of $65.92. The firm has a market cap of $4.58 billion, a P/E ratio of 22.80 and a beta of 1.50.

Insiders Place Their Bets

In other Skyline Champion news, Director Keith A. Anderson sold 18,750 shares of Skyline Champion stock in a transaction on Friday, December 15th. The shares were sold at an average price of $73.00, for a total transaction of $1,368,750.00. Following the completion of the transaction, the director now directly owns 238,098 shares of the company’s stock, valued at $17,381,154. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 7.00% of the stock is owned by insiders.

Institutional Trading of Skyline Champion

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Skyline Champion by 4.9% during the third quarter. Vanguard Group Inc. now owns 5,901,968 shares of the company’s stock worth $312,037,000 after purchasing an additional 275,120 shares during the last quarter. Wellington Management Group LLP lifted its stake in Skyline Champion by 6.1% in the first quarter. Wellington Management Group LLP now owns 5,864,485 shares of the company’s stock worth $321,842,000 after acquiring an additional 335,974 shares during the period. BlackRock Inc. lifted its stake in Skyline Champion by 3.8% in the second quarter. BlackRock Inc. now owns 4,176,764 shares of the company’s stock worth $273,369,000 after acquiring an additional 151,251 shares during the period. Capital World Investors lifted its stake in Skyline Champion by 26.5% in the second quarter. Capital World Investors now owns 3,445,908 shares of the company’s stock worth $225,535,000 after acquiring an additional 721,040 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in Skyline Champion by 7.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 2,415,024 shares of the company’s stock worth $114,520,000 after acquiring an additional 162,051 shares during the period.

Skyline Champion Company Profile

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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.

Further Reading

Analyst Recommendations for Skyline Champion (NYSE:SKY)

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