Empirical Financial Services LLC d.b.a. Empirical Wealth Management Makes New $210,000 Investment in Skyline Champion Co. (NYSE:SKY)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of Skyline Champion Co. (NYSE:SKY) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 2,382 shares of the company’s stock, valued at approximately $210,000.

Several other hedge funds have also recently made changes to their positions in the company. State Street Corp grew its stake in Skyline Champion by 4.6% during the 3rd quarter. State Street Corp now owns 1,790,962 shares of the company’s stock valued at $169,873,000 after purchasing an additional 78,733 shares during the last quarter. FMR LLC boosted its position in Skyline Champion by 32.3% in 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. Charles Schwab Investment Management Inc. increased its holdings in Skyline Champion by 5.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 639,981 shares of the company’s stock worth $60,702,000 after buying an additional 33,942 shares during the period. Congress Asset Management Co. raised its position in Skyline Champion by 2.7% during the 3rd quarter. Congress Asset Management Co. now owns 584,441 shares of the company’s stock worth $55,434,000 after buying an additional 15,242 shares during the last quarter. Finally, Summit Partners Public Asset Management LLC lifted its stake in Skyline Champion by 23.3% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 404,673 shares of the company’s stock valued at $38,383,000 after acquiring an additional 76,573 shares during the period.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SKY shares. Craig Hallum raised their target price on shares of Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Barclays boosted their price objective on Skyline Champion from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Royal Bank of Canada raised their target price on Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group boosted their price target on Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $85.40.

Skyline Champion Stock Performance

NYSE SKY opened at $91.75 on Friday. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 35.42 and a beta of 1.63. The stock has a 50-day moving average of $95.34 and a 200 day moving average of $91.60. The company has a current ratio of 2.42, a quick ratio of 1.64 and a debt-to-equity ratio of 0.02. Skyline Champion Co. has a twelve month low of $64.82 and a twelve month high of $116.49.

Skyline Champion (NYSE:SKY) last announced its earnings results on Monday, October 28th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.32. The business had revenue of $616.88 million during the quarter, compared to the consensus estimate of $600.52 million. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. The business’s quarterly revenue was up 32.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 EPS. Sell-side analysts anticipate that Skyline Champion Co. will post 3.43 EPS 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.