Neumeier Poma Investment Counsel LLC Sells 6,314 Shares of Skyline Champion Co. (NYSE:SKY)

Neumeier Poma Investment Counsel LLC reduced its stake in Skyline Champion Co. (NYSE:SKY - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 356,616 shares of the company's stock after selling 6,314 shares during the period. Skyline Champion makes up approximately 3.0% of Neumeier Poma Investment Counsel LLC's holdings, making the stock its 12th largest holding. Neumeier Poma Investment Counsel LLC owned approximately 0.62% of Skyline Champion worth $31,418,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SKY. Vanguard Group Inc. increased its position in Skyline Champion by 17.3% in the 4th quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company's stock valued at $523,578,000 after acquiring an additional 876,712 shares in the last quarter. State Street Corp boosted its position in Skyline Champion by 4.6% in the 3rd quarter. State Street Corp now owns 1,790,962 shares of the company's stock valued at $169,873,000 after buying an additional 78,733 shares during the last quarter. FMR LLC raised its position in shares of Skyline Champion by 32.3% during the third quarter. FMR LLC now owns 1,491,907 shares of the company's stock worth $141,507,000 after acquiring an additional 363,885 shares during the last quarter. American Century Companies Inc. increased its position in Skyline Champion by 2.9% in the fourth quarter. American Century Companies Inc. now owns 1,411,769 shares of the company's stock worth $124,377,000 after purchasing an additional 39,262 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Skyline Champion by 6.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 682,259 shares of the company's stock worth $60,107,000 after purchasing an additional 42,278 shares during the last quarter.

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Skyline Champion Price Performance

Shares of SKY opened at $94.91 on Tuesday. Skyline Champion Co. has a 52-week low of $64.82 and a 52-week high of $116.49. 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 stock has a 50 day simple moving average of $97.76 and a 200 day simple moving average of $96.05. The firm has a market capitalization of $5.44 billion, a PE ratio of 33.42 and a beta of 1.61.

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

Insiders Place Their Bets

In other Skyline Champion news, VP Timothy A. Burkhardt sold 3,823 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total transaction of $408,564.01. Following the transaction, the vice president now owns 32,706 shares in the company, valued at $3,495,290.22. This represents a 10.47 % decrease in their position. The sale 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 business's stock in a transaction that occurred on Monday, February 10th. The shares were 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 of the company's stock, valued at approximately $4,107,020.31. This trade represents a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada boosted their price target on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 6th. Barclays upped their price objective on Skyline Champion from $90.00 to $106.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $90.20.

Skyline Champion 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.