Skyline Champion reports 35.1% revenue increase, beats earnings estimates, and large investors raise their stakes.

Skyline Champion (NYSE: SKY) reported a 35.1% increase in revenue for the latest quarter, with earnings of $0.91 per share, exceeding analysts' estimates of $0.69. Director Michael B. Berman sold 3,496 shares, while several large investors, including Zhang Financial LLC, Cerity Partners LLC, Goldman Sachs Group Inc., PNC Financial Services Group Inc., and UBS Group AG, increased their stakes. Barclays raised its price target from $68.00 to $85.00, with analysts giving an average rating of Hold and a consensus price target of $78.75.

August 16, 2024
4 Articles