Mackenzie Financial Corp Purchases New Position in Skyline Champion Co. (NYSE:SKY)

Mackenzie Financial Corp acquired a new stake in shares of Skyline Champion Co. (NYSE:SKY) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,311 shares of the company’s stock, valued at approximately $246,000.

Several other large investors also recently added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. lifted its position in shares of 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 worth $38,353,000 after buying an additional 310,065 shares during the last quarter. William Blair Investment Management LLC grew its holdings in 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 during the last quarter. Punch & Associates Investment Management Inc. bought a new position in shares of Skyline Champion in the third quarter valued at approximately $6,373,000. Cerity Partners LLC boosted its holdings in shares of Skyline Champion by 1,363.7% during the 4th quarter. Cerity Partners LLC now owns 81,293 shares of the company’s stock worth $6,037,000 after buying an additional 75,739 shares during the period. Finally, Congress Asset Management Co. MA grew its stake in Skyline Champion by 18.1% in the 3rd quarter. Congress Asset Management Co. MA now owns 434,016 shares of the company’s stock valued at $27,656,000 after buying an additional 66,448 shares during the last quarter.

Skyline Champion Trading Up 1.3 %

Shares of SKY opened at $76.35 on Monday. The stock’s 50-day moving average price is $80.94 and its 200 day moving average price is $71.69. 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 Co. has a 12-month low of $52.12 and a 12-month high of $86.71. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 21.88 and a beta of 1.53.

Skyline Champion (NYSE:SKY) last issued its earnings results on Monday, February 5th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $505.20 million. As a group, research analysts predict that Skyline Champion Co. will post 3.19 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SKY. Royal Bank of Canada raised their price target on Skyline Champion from $69.00 to $73.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 7th. Wedbush reaffirmed a “neutral” rating and issued a $72.00 price target on shares of Skyline Champion in a research report on Tuesday, February 6th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Skyline Champion currently has an average rating of “Hold” and an average price target of $71.40.

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.