Envestnet Asset Management Inc. Sells 4,647 Shares of Skyline Champion Co. (NYSE:SKY)

Envestnet Asset Management Inc. lowered its stake in Skyline Champion Co. (NYSE:SKY - Free Report) by 16.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,230 shares of the company's stock after selling 4,647 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Skyline Champion were worth $2,135,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd purchased a new stake in Skyline Champion in the fourth quarter worth approximately $36,000. Headlands Technologies LLC bought a new position in Skyline Champion in the 4th quarter worth $108,000. Venturi Wealth Management LLC purchased a new position in Skyline Champion during the fourth quarter valued at $112,000. New Age Alpha Advisors LLC bought a new stake in Skyline Champion during the fourth quarter valued at about $176,000. Finally, KBC Group NV increased its position in Skyline Champion by 53.9% in the fourth quarter. KBC Group NV now owns 2,288 shares of the company's stock worth $202,000 after buying an additional 801 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Barclays reduced their price target on Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada increased their target price on Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $88.40.

Skyline Champion Stock Down 0.9 %

NYSE SKY opened at $84.73 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59. The company has a market capitalization of $4.85 billion, a P/E ratio of 29.83 and a beta of 1.41. Skyline Champion Co. has a one year low of $64.82 and a one year high of $116.49. The stock has a 50 day moving average price of $91.93 and a 200-day moving average price of $94.59.

Skyline Champion (NYSE:SKY - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.24. Skyline Champion had a return on equity of 13.80% and a net margin of 6.80%. As a group, equities analysts predict that Skyline Champion Co. will post 3.63 EPS for the current fiscal year.

Insider Activity at Skyline Champion

In other Skyline Champion news, VP Timothy A. Burkhardt sold 3,823 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total value of $408,564.01. Following the sale, the vice president now owns 32,706 shares in the company, valued at $3,495,290.22. This trade represents a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Joseph A. Kimmell sold 4,335 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $104.21, for a total value of $451,750.35. Following the completion of the sale, the executive vice president now owns 39,411 shares in the company, valued at approximately $4,107,020.31. The trade was a 9.91 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by insiders.

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.

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