The research analysts at StockNews.com covered Skyline Champion, and their report on the company was published on Thursday.
The analysts have assumed coverage of the company (NYSE: SKY).
The company recommended to its shareholders that they “keep” the stock in their investment collections.
On February 7, shareholders of Skyline Champion (NYSE: SKY) were given access to the company’s most recent quarterly earnings report.
The company reported earnings per share (EPS) of $1.44 for the quarter, which was $0.47 higher than the predictions made by market analysts, which were $0.97.
The company brought in $582.30 million in revenue during the quarter, significantly higher than the industry experts’ forecasted revenue amount of $534.75 million for the company to bring in during the period. Skyline Champion had a very successful year, as evidenced by the respectable net margin of 15.65% and return on equity of 42.79%.
The company’s quarterly revenue increased by 8.9% when measured against the results achieved during the same quarter in the preceding year.
The company generated $1.18 per share during the same period in the prior year’s operations. Sell-side analysts forecast that Skyline Champion will produce earnings per share of $6.98 during the current fiscal year.
The sky began trading for the first time on Thursday for $64.67. Over one year, the cost of a copy of Skyline Champion has varied from $43.04 to $73.40, with an average price of $73.40 being charged for it.
The company is estimated to be worth $3.69 billion, and it has a price-to-earnings ratio of 8.62 and a beta value of 1.65.
The firm is considered to be relatively stable.
This financial statement contains the following ratios: a debt-to-equity ratio of 0.01%, a current ratio of 3.86%, and a quick ratio of 301%.
The share price is currently $63.77, the same as the fifty-day moving average price and the 200-day moving average price for the stock.
As calculated using the fifty-day simple moving average, the stock price is currently $57.13.
Additionally, SKY has been the focus of coverage in several other reports.
Barclays lowered their price objective for Skyline Champion from $65.00 to $60.00.
They changed their rating for the company from “overweight” to “equal weight” in a research note published on Wednesday, December 14.
The company announced the increase in its target price for Skyline Champion on February 8 in a research note written by Craig Hallum and published on its website.
The new price target is $78.00.
The target price that the Royal Bank of Canada has established for Skyline Champion has increased from $54.00 to $65.00 due to a research report published on February 8.
According to the most recent news regarding Skyline Champion, Chief Executive Officer Mark J. Yost sold 41,823 shares on January 17.
This information was obtained from the most recent press release regarding Skyline Champion.
The number of shares traded was $2,319,503.58, and the average price per share was $55.46.
This resulted in the accumulation of cash. Following the successful conclusion of the transaction, the Chief Executive Officer now has direct ownership of 113,370 shares of the company’s stock, the total value of which is $6,287,500.20. On the Securities and Exchange Commission’s (SEC) website, you can access the information submitted to the SEC regarding the transaction, which is currently available. On February 28, Timothy A.
Burkhardt was reported to have sold 3,500 shares of Skyline Champion stock, which is the most recent piece of information regarding Skyline Champion that we have. On average, the price paid for each share was $69.12, and a total of 241,920.00 dollars’ worth of the stock was transacted. Following the successful completion of the transaction, the vice president now directly owns 26,066 shares of the company.
The current value of these shares is $1,801,681.92. You will be taken to a legal file submitted to the SEC if you click on the link we provided, where you will find additional information regarding the sale.
In addition, Skyline Champion Chief Executive Officer Mark J. Yost sold 41,823 shares of the company’s stock on January 17.
In the market, 2,319,503.58 shares were traded at an average price of $55.46 per share, resulting in a total value of $2,319,503.58. When the transaction is finalized, the chief executive officer will become the owner of 113,370 shares, each of which currently has an estimated value of $6,287,500. 20.
The disclosure regarding the sale can be found in this location. Over the past three months, company insiders have offloaded 83,377 shares worth $5,267,804. Current insiders of the company hold a percentage equal to 10 percent of the total outstanding shares.
Recently, hedge funds have changed the amount of Sky stock they already own in their portfolios.
During the second quarter, Zullo Investment Group INC brought the total amount of Skyline Champion stock that it owned to a level that was 16.4% higher than before. Zullo Investment Group INC now has a total of 1,410 shares, which are currently valued at $67,000 following the purchase of an additional 199 shares during the most recent quarter. Covestor Ltd increased the amount of Skyline Champion stock owned by 8.553% during the year’s first quarter.
To date, Covestor Ltd has taken direct ownership of 1,635 company shares, valued at $90,000.
This was accomplished by purchasing an additional 1,616 shares during the most recent fiscal quarter to achieve the desired result. CWM LLC’s ownership of Skyline Champion stock increased by 8,883.3% during the fourth quarter due to the company’s continued expansion. CWM LLC now holds 2,156 shares of the company’s stock after purchasing an additional 2,132 shares during the most recent period.
The stock is currently valued at $111,000 after this most recent acquisition.
During the third quarter, Counterpoint Mutual Funds LLC bought approximately 114,000 dollars worth of additional shares of Skyline Champion, bringing the total value of its ownership to approximately 114,000 dollars.
And finally, during the final three months of 2018, Pinebridge Investments L.P.
Increased its ownership of Skyline Champion by purchasing an additional 54.2% of its shares.
After purchasing 818 additional shares during the most recent quarter, Pinebridge Investments L.P. now directly owns 2,327 shares in the company, which have a value of $120,000.
This brings the total number of shares that Pinebridge Investments L.P.
Institutional investors own the vast majority of the company’s shares, accounting for 99.56 percent of the total.