Cerity Partners LLC Buys 75,739 Shares of Skyline Champion Co. (NYSE:SKY)

Cerity Partners LLC raised its position in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 1,363.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,293 shares of the company's stock after buying an additional 75,739 shares during the quarter. Cerity Partners LLC owned about 0.14% of Skyline Champion worth $6,037,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Arkadios Wealth Advisors raised its position in shares of Skyline Champion by 3.2% during the 3rd quarter. Arkadios Wealth Advisors now owns 5,345 shares of the company's stock worth $341,000 after purchasing an additional 168 shares during the period. SkyView Investment Advisors LLC increased its position in Skyline Champion by 3.3% in the third quarter. SkyView Investment Advisors LLC now owns 5,385 shares of the company's stock worth $343,000 after buying an additional 171 shares during the period. Mariner LLC lifted its stake in Skyline Champion by 2.6% in the fourth quarter. Mariner LLC now owns 7,730 shares of the company's stock valued at $398,000 after buying an additional 197 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in Skyline Champion by 4.9% in the second quarter. Orion Portfolio Solutions LLC now owns 4,295 shares of the company's stock valued at $281,000 after buying an additional 199 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Skyline Champion by 0.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 21,711 shares of the company's stock valued at $1,118,000 after acquiring an additional 201 shares during the period.

Analyst Ratings Changes

Several brokerages have weighed in on SKY. Royal Bank of Canada lifted their target price on Skyline Champion from $69.00 to $73.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 7th. Wedbush reaffirmed a "neutral" rating and issued a $72.00 price objective on shares of Skyline Champion in a report on Tuesday, February 6th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Skyline Champion presently has an average rating of "Hold" and a consensus price target of $71.40.

Skyline Champion Price Performance

SKY traded down $1.34 during trading on Wednesday, reaching $74.44. The stock had a trading volume of 251,208 shares, compared to its average volume of 286,345. Skyline Champion Co. has a 1-year low of $52.12 and a 1-year high of $86.71. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 21.36 and a beta of 1.53. The stock has a 50 day moving average of $81.67 and a two-hundred day moving average of $70.93. The company has a quick ratio of 1.71, a current ratio of 2.56 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY - Get Free Report) last announced its earnings results on Monday, February 5th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.70 by $0.12. Skyline Champion had a return on equity of 15.45% and a net margin of 10.19%. The business had revenue of $559.46 million during the quarter, compared to the consensus estimate of $505.20 million. As a group, equities analysts anticipate that Skyline Champion Co. will post 3.19 EPS for the current fiscal year.

Skyline Champion 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.