Is Skyline Corporation (NYSE MKT:SKY) a Stock to Watch Now That Jefferies Has Begun Covering It?

September 8, 2018 - By Robert Shackelford

Investors sentiment increased to 2.91 in Q1 2018. Its up 1.16, from 1.75 in 2017Q4. It increased, as 3 investors sold Skyline Champion Corporation shares while 8 reduced holdings. 23 funds opened positions while 9 raised stakes. 4.87 million shares or 11.35% more from 4.37 million shares in 2017Q4 were reported.

Wells Fargo & Mn holds 0% or 392,962 shares in its portfolio. Vantage Advsr Limited Liability Corporation stated it has 3,636 shares or 0.02% of all its holdings. Gamco Inc Et Al invested in 314,300 shares or 0.05% of the stock. Moreover, Edge Wealth Ltd Limited Liability Company has 0.06% invested in Skyline Champion Corporation (NYSE:SKY) for 10,250 shares. Susquehanna Interest Grp Incorporated Llp reported 29,961 shares. Moreover, Driehaus Capital Management Limited Liability Company has 0.15% invested in Skyline Champion Corporation (NYSE:SKY). Fmr Lc stated it has 0% of its portfolio in Skyline Champion Corporation (NYSE:SKY). Investec Asset Management Limited stated it has 144,620 shares or 0.02% of all its holdings. Northern Corp has 0% invested in Skyline Champion Corporation (NYSE:SKY) for 25,867 shares. Moreover, Gendell Jeffrey L has 3.14% invested in Skyline Champion Corporation (NYSE:SKY). Federated Investors Pa holds 0% or 84 shares. 42,990 were accumulated by G2 Prtnrs Management Ltd Liability. Robotti Robert owns 0.7% invested in Skyline Champion Corporation (NYSE:SKY) for 115,300 shares. Geode Capital Mngmt stated it has 0% of its portfolio in Skyline Champion Corporation (NYSE:SKY). Morgan Stanley reported 0% stake.

How Jefferies Currently Rates Skyline Corporation (NYSE MKT:SKY)

In analysts note revealed to clients and investors on Friday, 7 September, research professionals at Jefferies initiated coverage on Skyline Corporation (NYSE MKT:SKY) shares. The financial company issued a key “Buy” rating for SKY stock.

The stock increased 2.94% or $0.81 during the last trading session, reaching $28.39. About 227,899 shares traded. Skyline Champion Corporation (NYSE MKT:SKY) has risen 451.08% since September 8, 2017 and is uptrending. It has outperformed by 438.51% 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 $1.60 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 383.65 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: Benzinga.com, which released: “Benzinga’s Top Upgrades, Downgrades For August 28, 2018” on August 28, 2018. Investorplace.com‘s article titled: “9 Housing Stocks to Buy” and published on August 31, 2018 is yet another important article.

Skyline Champion Corporation (NYSE:SKY) Institutional Positions Chart

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