Mirador Capital Partners LP Has $4.19 Million Stake in Skyline Champion Co. (NYSE:SKY)

Mirador Capital Partners LP lowered its position in Skyline Champion Co. (NYSE:SKY - Free Report) by 14.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,232 shares of the company's stock after selling 7,282 shares during the quarter. Mirador Capital Partners LP owned about 0.08% of Skyline Champion worth $4,191,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd acquired a new position in shares of Skyline Champion during the fourth quarter valued at approximately $36,000. Sterling Capital Management LLC increased its stake in shares of Skyline Champion by 645.5% during the fourth quarter. Sterling Capital Management LLC now owns 917 shares of the company's stock valued at $81,000 after acquiring an additional 794 shares during the period. Headlands Technologies LLC acquired a new position in shares of Skyline Champion during the fourth quarter valued at approximately $108,000. Venturi Wealth Management LLC acquired a new position in shares of Skyline Champion during the fourth quarter valued at approximately $112,000. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Skyline Champion during the fourth quarter valued at approximately $176,000.

Skyline Champion Trading Up 0.5%

Skyline Champion stock traded up $0.30 during midday trading on Thursday, reaching $65.94. The stock had a trading volume of 256,973 shares, compared to its average volume of 580,169. The firm's fifty day simple moving average is $83.53 and its two-hundred day simple moving average is $92.47. Skyline Champion Co. has a twelve month low of $63.13 and a twelve month high of $116.49. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 23.22 and a beta of 1.19.

Skyline Champion (NYSE:SKY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 27th. The company reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.10). Skyline Champion had a return on equity of 13.80% and a net margin of 6.80%. The firm had revenue of $593.87 million during the quarter, compared to analyst estimates of $595.42 million. During the same period in the prior year, the business posted $0.62 EPS. The company's revenue for the quarter was up .7% on a year-over-year basis. Equities analysts anticipate that Skyline Champion Co. will post 3.63 EPS for the current fiscal year.

Skyline Champion declared that its board has approved a share repurchase program on Friday, May 30th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to reacquire up to 1.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SKY shares. Royal Bank of Canada lowered their price objective on shares of Skyline Champion from $96.00 to $82.00 and set a "sector perform" rating on the stock in a research note on Wednesday, May 28th. Barclays decreased their price target on shares of Skyline Champion from $97.00 to $72.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 28th. Finally, Zelman & Associates upgraded shares of Skyline Champion from an "underperform" rating to a "neutral" rating in a research report on Thursday. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $80.60.

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.