MH NEWS: Institutional Investors Show Confidence in Skyline Champion’s Long-Term Growth Potential
Source: BESTOCKS – Skyline Champion Corporation, a leading provider of manufactured homes and commercial modular buildings, recently saw several institutional investors making notable purchases of its stock. Mackenzie Financial Corp., B. Riley Wealth Advisors Inc., AE Wealth Management LLC. Zulio Investment Group INC., and Great West Life Assurance Co. all increased their stakes in the company over the last year. These moves demonstrate confidence in Skyline Champion’s long-term growth potential.
In other developments, Executive Vice President Jonathan Wade Lyall sold almost 12,000 shares of Skyline Champion stock in February for a total value of almost $870,000. Additionally, Vice President Timothy A. Burkhardt sold 3,500 shares for over $240,000. Despite these insider sales within the last 90 days totaling over $2 million worth of company stock, corporate insiders still own 7.10% of Skyline Champion’s stock.
Several research analysts have also issued reports on the company recently. Craig Hallum raised their target price on shares from $65 to $78 in early February. StockNews.com began coverage with a “hold” rating in March while Royal Bank of Canada raised their target to $65.
Skyline Champion Corp.’s strong financial performance has positioned it as a major player in an industry that is currently thriving thanks to low morthage rates and high demand for affordable housing options – so much so that the Covid-19 pandemic barely affected their earnings last year.
Overall, Skyline Champion’s position as a leader within its industry is being noticed by institutional investors bolstering its foundation while positive ratings from analysts suggest even more room for growth in the future.
Note: Skyline Champion Corp. is a manufacturing and retail company that specializes in mobile homes and other manufactured housing. It operates under various brands such as Skyline Homes, Champion home Builders, Athens Park Model RV’s, Dutch Housing, Excel Homes, Homes of Merit, New ERa, Redman Homes, Shore Park, Silvercrest and Titan Homes within the United States
