Should Skyline Champion (AMEX:SKY) Shares Be Watched After Barclays Initiates Coverage?

October 2, 2018 - By Adrian Mccoy

Investors sentiment increased to 3.63 in Q2 2018. Its up 0.72, from 2.91 in 2018Q1. It increased, as 7 investors sold Skyline Champion Corporation shares while 9 reduced holdings. 39 funds opened positions while 19 raised stakes. 98.84 million shares or 1930.22% more from 4.87 million shares in 2018Q1 were reported.

American International Grp Inc reported 4,480 shares. Cadence Capital Mgmt Lc holds 0.16% of its portfolio in Skyline Champion Corporation (NYSE:SKY) for 76,284 shares. 13,000 were reported by Chicago Equity Limited Co. Macquarie Limited holds 600 shares or 0% of its portfolio. Rmb Capital Management Limited Liability Com holds 0.15% in Skyline Champion Corporation (NYSE:SKY) or 184,042 shares. Royal Bank Of Canada owns 7,196 shares. Strs Ohio owns 2,000 shares for 0% of their portfolio. Acadian Asset Mngmt owns 36,100 shares or 0.01% of their US portfolio. Tower Rech Limited Liability Corp (Trc) has 855 shares for 0% of their portfolio. Manufacturers Life Insurance The stated it has 0% of its portfolio in Skyline Champion Corporation (NYSE:SKY). Gamco Inc Et Al owns 285,300 shares or 0.07% of their US portfolio. Deutsche Bank & Trust Ag invested in 11,025 shares. Thompson Siegel Walmsley Ltd Company owns 10,000 shares for 0% of their portfolio. Sather Financial Grp Incorporated has 10,000 shares for 0.08% of their portfolio. Cortina Asset Lc stated it has 149,112 shares.

Why Has Barclays Given Skyline Champion (AMEX:SKY) a $35 Price Target

Barclays has just issued a Overweight rating for Skyline Champion (AMEX:SKY) shares. The firm initiated coverage on shares of SKY in a research report sent to investors and clients on Tuesday, 2 October. This TP suggests upside of 16.32 % from the stock close price of Skyline Champion (AMEX:SKY).

Skyline Champion Corporation (NYSE:SKY) Ratings Coverage

Among 3 analysts covering Skyline Corporation Common Stock (AMEX:SKY), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Skyline Corporation Common Stock has $37 highest and $33 lowest target. $35.33’s average target is 17.41% above currents $30.09 stock price. Skyline Corporation Common Stock had 3 analyst reports since May 24, 2018 according to SRatingsIntel.

The stock increased 3.19% or $0.93 during the last trading session, reaching $30.09. About 349,129 shares traded. Skyline Champion Corporation (AMEX:SKY) has risen 163.05% since October 2, 2017 and is uptrending. It has outperformed by 147.43% the S&P500.

Skyline Corporation designs, produces, and markets manufactured housing, modular housing, and park models to independent dealers and manufactured housing communities in the United States and Canada. The company has market cap of $1.70 billion. The company's manufactured housing models include two to four bedrooms, kitchen, dining area, living room, one or two bathrooms, kitchen appliances, and central heating and cooling products, as well as exterior dormers and windows, interior or exterior accent columns, fireplaces, and whirlpool tubs. It has a 406.62 P/E ratio. The Company’s park models provide temporary living accommodations for individuals seeking leisure travel and outdoor recreation, and are marketed under the Shore Park trademark.

More news for Skyline Champion Corporation (NYSE:SKY) were recently published by: Gurufocus.com, which released: “Largest Insider Trades of the Week” on September 28, 2018. Benzinga.com‘s article titled: “40 Stocks Moving In Thursday’s Mid-Day Session” and published on September 20, 2018 is yet another important article.

Skyline Champion Corporation (NYSE:SKY) Institutional Positions Chart

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