Outlook Wealth Advisors LLC Purchases 821 Shares of Skyline Champion Co. (NYSE:SKY)

Outlook Wealth Advisors LLC increased its position in Skyline Champion Co. (NYSE:SKY) by 26.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 3,932 shares of the company’s stock after acquiring an additional 821 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Skyline Champion were worth $334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale purchased a new position in Skyline Champion in the third quarter worth about $94,000. Kessler Investment Group LLC bought a new position in shares of Skyline Champion in the 4th quarter worth approximately $123,000. GW Henssler & Associates Ltd. purchased a new position in shares of Skyline Champion in the third quarter worth approximately $202,000. Verdence Capital Advisors LLC bought a new stake in Skyline Champion during the third quarter valued at approximately $205,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in Skyline Champion during the third quarter valued at approximately $216,000.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SKY shares. Wedbush reiterated a “neutral” rating and issued a $72.00 price target on shares of Skyline Champion in a research report on Tuesday, February 6th. Royal Bank of Canada raised their target price on Skyline Champion from $69.00 to $73.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 7th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $71.40.

Skyline Champion Stock Performance

NYSE SKY traded up $0.99 on Friday, reaching $76.35. 190,992 shares of the stock were exchanged, compared to its average volume of 254,973. The firm has a market capitalization of $4.41 billion, a PE ratio of 21.88 and a beta of 1.53. Skyline Champion Co. has a one year low of $52.12 and a one year high of $86.71. The company’s 50-day simple moving average is $80.94 and its two-hundred day simple moving average is $71.58. The company has a current ratio of 2.56, a quick ratio of 1.71 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.70 by $0.12. The firm had revenue of $559.46 million for the quarter, compared to the consensus estimate of $505.20 million. Skyline Champion had a net margin of 10.19% and a return on equity of 15.45%. Analysts expect 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.