State Street Corp Has $169.87 Million Stock Holdings in Skyline Champion Co. (NYSE:SKY)

State Street Corp boosted its stake in Skyline Champion Co. (NYSE:SKY) by 4.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,790,962 shares of the company’s stock after purchasing an additional 78,733 shares during the quarter. State Street Corp owned about 3.12% of Skyline Champion worth $169,873,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of SKY. FMR LLC grew its holdings in shares of Skyline Champion by 32.3% during the third quarter. FMR LLC now owns 1,491,907 shares of the company’s stock valued at $141,507,000 after buying an additional 363,885 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Skyline Champion during the third quarter valued at about $27,769,000. Victory Capital Management Inc. grew its holdings in shares of Skyline Champion by 46.0% during the second quarter. Victory Capital Management Inc. now owns 669,895 shares of the company’s stock valued at $45,385,000 after buying an additional 211,099 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Skyline Champion by 118.8% during the third quarter. Cerity Partners LLC now owns 188,767 shares of the company’s stock valued at $17,905,000 after buying an additional 102,506 shares during the last quarter. Finally, Summit Partners Public Asset Management LLC grew its holdings in shares of Skyline Champion by 23.3% during the third quarter. Summit Partners Public Asset Management LLC now owns 404,673 shares of the company’s stock valued at $38,383,000 after buying an additional 76,573 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SKY. Craig Hallum lifted their price objective on shares of Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Royal Bank of Canada lifted their price objective on shares of Skyline Champion from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. 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 report on Wednesday, October 9th. Finally, Barclays boosted their price target on shares of Skyline Champion from $85.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $85.40.

Skyline Champion Stock Down 2.5 %

Skyline Champion stock opened at $105.37 on Friday. The stock has a market cap of $6.05 billion, a PE ratio of 40.68 and a beta of 1.59. 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 Co. has a fifty-two week low of $64.82 and a fifty-two week high of $116.49. The firm’s 50-day simple moving average is $97.67 and its 200 day simple moving average is $86.54.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.61 by $0.32. The business had revenue of $616.88 million for 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%. The company’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 earnings per share. Research analysts predict 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.