Rice Hall James & Associates LLC Has $5.26 Million Stock Holdings in Skyline Champion Co. (NYSE:SKY)

Rice Hall James & Associates LLC raised its position in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 88.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,431 shares of the company's stock after purchasing an additional 26,057 shares during the quarter. Rice Hall James & Associates LLC owned 0.10% of Skyline Champion worth $5,258,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SKY. Headlands Technologies LLC purchased a new position in Skyline Champion during the first quarter valued at approximately $63,000. nVerses Capital LLC acquired a new position in shares of Skyline Champion in the third quarter worth $76,000. Kessler Investment Group LLC boosted its position in Skyline Champion by 41.0% during the second quarter. Kessler Investment Group LLC now owns 2,225 shares of the company's stock valued at $151,000 after purchasing an additional 647 shares during the last quarter. Blue Trust Inc. grew its stake in Skyline Champion by 77,800.0% in the second quarter. Blue Trust Inc. now owns 3,116 shares of the company's stock valued at $211,000 after purchasing an additional 3,112 shares in the last quarter. Finally, Cannon Global Investment Management LLC acquired a new position in Skyline Champion in the 2nd quarter worth about $217,000.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SKY shares. Wedbush reissued a "neutral" rating and issued a $64.00 price objective on shares of Skyline Champion in a research note on Wednesday, August 7th. StockNews.com raised Skyline Champion from a "sell" rating to a "hold" rating in a research report on Thursday, August 8th. Jefferies Financial Group boosted their price objective on Skyline Champion from $79.00 to $86.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Royal Bank of Canada raised their target price on Skyline Champion from $82.00 to $88.00 and gave the company a "sector perform" rating in a report on Wednesday. Finally, Craig Hallum boosted their price objective on shares of Skyline Champion from $92.00 to $99.00 and gave the stock a "buy" rating in a report on Wednesday. Five investment 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, the company currently has an average rating of "Hold" and a consensus price target of $85.40.

Skyline Champion Stock Up 3.0 %

SKY stock traded up $2.62 during mid-day trading on Friday, hitting $90.85. 464,328 shares of the company were exchanged, compared to its average volume of 357,375. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.57 and a current ratio of 2.42. Skyline Champion Co. has a 1-year low of $53.84 and a 1-year high of $101.39. The firm's 50 day simple moving average is $92.55 and its 200 day simple moving average is $81.47. The firm has a market cap of $5.21 billion, a P/E ratio of 35.11 and a beta of 1.57.

Skyline Champion (NYSE:SKY - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.32. The company had revenue of $616.88 million for the quarter, compared to analyst estimates of $600.52 million. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. The company's quarterly revenue was up 32.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.82 earnings per share. On average, sell-side analysts predict that Skyline Champion Co. will post 3.01 EPS for the current fiscal year.

Insider Transactions at Skyline Champion

In related news, Director Erin Mulligan Nelson sold 1,000 shares of the company's stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $83.18, for a total transaction of $83,180.00. Following the sale, the director now owns 5,170 shares in the company, valued at approximately $430,040.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Erin Mulligan Nelson sold 1,000 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $83.18, for a total value of $83,180.00. Following the sale, the director now owns 5,170 shares in the company, valued at approximately $430,040.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mak Capital One Llc sold 40,000 shares of Skyline Champion stock in a transaction on Friday, September 6th. The shares were sold at an average price of $88.87, for a total value of $3,554,800.00. Following the completion of the transaction, the director now directly owns 2,716,500 shares of the company's stock, valued at $241,415,355. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 163,636 shares of company stock valued at $14,582,253 over the last 90 days. 6.90% of the stock is owned by corporate 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.