Skyline Champion Co. (NYSE:SKY) Shares Sold by Ranger Investment Management L.P.

Ranger Investment Management L.P. trimmed its position in Skyline Champion Co. (NYSE:SKY - Free Report) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 314,867 shares of the company's stock after selling 6,010 shares during the quarter. Skyline Champion comprises about 1.8% of Ranger Investment Management L.P.'s investment portfolio, making the stock its 24th biggest position. Ranger Investment Management L.P. owned about 0.55% of Skyline Champion worth $27,740,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in Skyline Champion during the 4th quarter valued at $6,453,000. Legal & General Group Plc boosted its stake in Skyline Champion by 131.0% in the 4th quarter. Legal & General Group Plc now owns 146,560 shares of the company's stock worth $12,912,000 after purchasing an additional 83,120 shares in the last quarter. Invesco Ltd. lifted its position in Skyline Champion by 28.7% during the 4th quarter. Invesco Ltd. now owns 312,462 shares of the company's stock worth $27,528,000 after acquiring an additional 69,723 shares during the period. Bank of Montreal Can boosted its holdings in shares of Skyline Champion by 131.8% in the 4th quarter. Bank of Montreal Can now owns 9,167 shares of the company's stock valued at $808,000 after acquiring an additional 5,212 shares during the last quarter. Finally, Aristides Capital LLC grew its holdings in Skyline Champion by 52.2% during the fourth quarter. Aristides Capital LLC now owns 7,610 shares of the company's stock worth $670,000 after acquiring an additional 2,610 shares during the period.

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Wall Street Analyst Weigh In

A number of brokerages have issued reports on SKY. Barclays decreased their price target on Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada increased their price objective on shares of Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $88.40.

Skyline Champion Trading Down 0.5 %

NYSE SKY traded down $0.39 on Monday, reaching $81.58. 64,588 shares of the company were exchanged, compared to its average volume of 526,017. Skyline Champion Co. has a fifty-two week low of $64.82 and a fifty-two week high of $116.49. The company has a current ratio of 2.59, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. The business's fifty day moving average price is $96.65 and its 200 day moving average price is $95.44. The stock has a market capitalization of $4.67 billion, a P/E ratio of 28.73 and a beta of 1.41.

Skyline Champion (NYSE:SKY - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.04 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%. Analysts forecast that Skyline Champion Co. will post 3.63 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Joseph A. Kimmell sold 4,335 shares of the firm'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 sale, the executive vice president now owns 39,411 shares of the company's stock, valued at $4,107,020.31. This trade represents a 9.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the sale, the vice president now directly owns 32,706 shares in the company, valued at approximately $3,495,290.22. This represents a 10.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.90% of the company's stock.

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.