ABS Direct Equity Fund LLC Makes New Investment in Skyline Champion Co. (NYSE:SKY)

ABS Direct Equity Fund LLC bought a new position in Skyline Champion Co. (NYSE:SKY) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 15,000 shares of the company’s stock, valued at approximately $1,114,000.

A number of other large investors have also added to or reduced their stakes in SKY. DekaBank Deutsche Girozentrale purchased a new position in shares of Skyline Champion during the 3rd quarter worth $94,000. Outlook Wealth Advisors LLC purchased a new position in shares of Skyline Champion during the 4th quarter valued at $231,000. GW Henssler & Associates Ltd. purchased a new stake in Skyline Champion in the 3rd quarter worth $202,000. Verdence Capital Advisors LLC purchased a new stake in Skyline Champion in the 3rd quarter worth $205,000. Finally, Mackenzie Financial Corp purchased a new stake in Skyline Champion in the 4th quarter worth $246,000.

Analyst Ratings Changes

A number of research firms have recently weighed in on SKY. Royal Bank of Canada boosted their target price on shares of Skyline Champion from $69.00 to $73.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 7th. Wedbush reiterated a “neutral” rating and set a $72.00 price target on shares of Skyline Champion in a report on Tuesday, February 6th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Skyline Champion currently has an average rating of “Hold” and a consensus price target of $71.40.

Skyline Champion Stock Up 2.1 %

NYSE:SKY traded up $1.62 during midday trading on Friday, reaching $78.93. 186,037 shares of the stock traded hands, compared to its average volume of 241,232. Skyline Champion Co. has a 12-month low of $52.12 and a 12-month high of $86.71. The business has a 50-day moving average of $80.48 and a two-hundred day moving average of $72.08. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.71 and a current ratio of 2.56. The stock has a market capitalization of $4.56 billion, a PE ratio of 22.62 and a beta of 1.54.

Skyline Champion (NYSE:SKY) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.12. The business had revenue of $559.46 million for the quarter, compared to analyst estimates of $505.20 million. Skyline Champion had a net margin of 10.19% and a return on equity of 15.45%. On average, equities analysts forecast that Skyline Champion Co. will post 3.19 earnings per share for the current fiscal 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.