Skyline Champion Co. (NYSE:SKY) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers lifted its stake in Skyline Champion Co. (NYSE:SKY - Free Report) by 85.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 151,781 shares of the company's stock after acquiring an additional 69,756 shares during the quarter. Rhumbline Advisers owned 0.26% of Skyline Champion worth $13,372,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. SkyView Investment Advisors LLC lifted its holdings in shares of Skyline Champion by 2.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 6,243 shares of the company's stock worth $592,000 after acquiring an additional 132 shares during the last quarter. Verdence Capital Advisors LLC grew its stake in shares of Skyline Champion by 5.1% in the third quarter. Verdence Capital Advisors LLC now owns 3,514 shares of the company's stock valued at $333,000 after buying an additional 171 shares in the last quarter. Ulland Investment Advisors LLC grew its stake in shares of Skyline Champion by 0.3% in the fourth quarter. Ulland Investment Advisors LLC now owns 52,610 shares of the company's stock valued at $4,635,000 after buying an additional 171 shares in the last quarter. Mirador Capital Partners LP grew its stake in shares of Skyline Champion by 0.6% in the fourth quarter. Mirador Capital Partners LP now owns 51,514 shares of the company's stock valued at $4,538,000 after buying an additional 294 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Skyline Champion by 0.9% in the third quarter. BNP Paribas Financial Markets now owns 33,894 shares of the company's stock valued at $3,215,000 after buying an additional 299 shares in the last quarter.

Wall Street Analysts Forecast Growth

SKY has been the topic of several research reports. Royal Bank of Canada increased 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 report on Thursday, February 6th. Craig Hallum boosted their price target on shares of Skyline Champion from $92.00 to $99.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Finally, Barclays boosted their price target on shares of Skyline Champion from $90.00 to $106.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $90.20.

Insider Buying and Selling at Skyline Champion

In other Skyline Champion news, EVP Joseph A. Kimmell sold 4,335 shares of the company's stock in a transaction 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 transaction, the executive vice president now owns 39,411 shares in the company, valued at $4,107,020.31. This represents a 9.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Timothy A. Burkhardt sold 3,823 shares of Skyline Champion stock in a transaction dated 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 position. The disclosure for this sale can be found here. 6.90% of the stock is owned by insiders.

Skyline Champion Stock Up 1.1 %

NYSE SKY traded up $1.09 on Monday, hitting $101.15. 98,138 shares of the stock were exchanged, compared to its average volume of 649,208. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. 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 market cap of $5.79 billion, a PE ratio of 35.67 and a beta of 1.62. The company has a 50-day moving average price of $94.58 and a 200-day moving average price of $94.56.

Skyline Champion (NYSE:SKY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, topping the consensus estimate 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 anticipate that Skyline Champion Co. will post 3.63 EPS for the current fiscal year.

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.