Skyline Champion Co. (NYSE:SKY) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC reduced its position in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 15.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,623 shares of the company's stock after selling 8,808 shares during the period. Rice Hall James & Associates LLC owned approximately 0.08% of Skyline Champion worth $4,107,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Skyline Champion by 4.6% during the third quarter. State Street Corp now owns 1,790,962 shares of the company's stock worth $169,873,000 after purchasing an additional 78,733 shares in the last quarter. FMR LLC raised its holdings in 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 purchasing an additional 363,885 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Skyline Champion by 5.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 639,981 shares of the company's stock valued at $60,702,000 after buying an additional 33,942 shares in the last quarter. Congress Asset Management Co. increased its holdings in Skyline Champion by 4.0% in the fourth quarter. Congress Asset Management Co. now owns 608,035 shares of the company's stock valued at $53,568,000 after buying an additional 23,594 shares in the last quarter. Finally, Summit Partners Public Asset Management LLC increased its holdings in Skyline Champion by 23.3% in the third quarter. Summit Partners Public Asset Management LLC now owns 404,673 shares of the company's stock valued at $38,383,000 after buying an additional 76,573 shares in the last quarter.

Skyline Champion Trading Down 3.3 %

SKY stock traded down $3.45 during midday trading on Friday, hitting $100.05. The stock had a trading volume of 369,205 shares, compared to its average volume of 665,556. The firm has a market cap of $5.73 billion, a PE ratio of 35.23 and a beta of 1.62. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74. Skyline Champion Co. has a 12-month low of $64.82 and a 12-month high of $116.49. The company's 50-day moving average price is $94.58 and its 200 day moving average price is $94.34.

Skyline Champion (NYSE:SKY - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts predict that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Activity

In other news, VP Timothy A. Burkhardt sold 3,823 shares of the business's stock in a transaction 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 of the company's stock, valued at $3,495,290.22. The trade was a 10.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph A. Kimmell sold 4,335 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $104.21, for a total transaction of $451,750.35. Following the sale, the executive vice president now directly owns 39,411 shares of the company's stock, valued at $4,107,020.31. This represents a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.