Outlook Wealth Advisors LLC Has $334,000 Stock Position in Skyline Champion Co. (NYSE:SKY)

Outlook Wealth Advisors LLC boosted its holdings in Skyline Champion Co. (NYSE:SKY) by 26.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,932 shares of the company’s stock after buying an additional 821 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Skyline Champion were worth $334,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new position in shares of Skyline Champion in the 4th quarter valued at $34,476,000. Vaughan Nelson Investment Management L.P. raised its position in Skyline Champion by 106.2% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 601,892 shares of the company’s stock valued at $38,353,000 after purchasing an additional 310,065 shares during the last quarter. William Blair Investment Management LLC boosted its stake in shares of Skyline Champion by 19.1% during the third quarter. William Blair Investment Management LLC now owns 1,112,034 shares of the company’s stock valued at $70,859,000 after purchasing an additional 178,099 shares in the last quarter. Kornitzer Capital Management Inc. KS bought a new stake in shares of Skyline Champion during the fourth quarter worth about $11,383,000. Finally, Burgundy Asset Management Ltd. increased its stake in shares of Skyline Champion by 22.7% in the fourth quarter. Burgundy Asset Management Ltd. now owns 736,477 shares of the company’s stock valued at $54,691,000 after buying an additional 136,071 shares during the period.

Wall Street Analysts Forecast Growth

SKY has been the topic of a number of research reports. 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 reaffirmed a “neutral” rating and set a $72.00 target price on shares of Skyline Champion in a research report on Tuesday, February 6th. Five investment 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.com, Skyline Champion has an average rating of “Hold” and a consensus price target of $71.40.

Skyline Champion Trading Up 1.3 %

Shares of NYSE:SKY traded up $0.99 during trading on Friday, reaching $76.35. The stock had a trading volume of 190,992 shares, compared to its average volume of 254,973. Skyline Champion Co. has a 52 week low of $52.12 and a 52 week high of $86.71. The firm’s fifty day moving average is $80.94 and its 200 day moving average is $71.58. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 21.88 and a beta of 1.53. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.71 and a current ratio of 2.56.

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