Skyline Champion Co. (NYSE:SKY) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its stake in Skyline Champion Co. (NYSE:SKY - Free Report) by 16.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,482 shares of the company's stock after selling 14,474 shares during the quarter. Russell Investments Group Ltd. owned about 0.13% of Skyline Champion worth $6,562,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SKY. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Skyline Champion in the fourth quarter valued at about $472,000. Wells Fargo & Company MN grew its position in shares of Skyline Champion by 6.1% during the 4th quarter. Wells Fargo & Company MN now owns 128,570 shares of the company's stock worth $11,327,000 after buying an additional 7,415 shares during the period. Bryce Point Capital LLC bought a new stake in shares of Skyline Champion in the 4th quarter valued at about $1,342,000. Headlands Technologies LLC acquired a new stake in Skyline Champion in the fourth quarter valued at about $108,000. Finally, B. Metzler seel. Sohn & Co. AG grew its holdings in Skyline Champion by 5.7% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 26,410 shares of the company's stock worth $2,327,000 after purchasing an additional 1,434 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Royal Bank of Canada increased their target price on 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 cut their target price on shares of Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Skyline Champion has an average rating of "Hold" and a consensus price target of $88.40.

Skyline Champion Price Performance

Shares of Skyline Champion stock traded up $1.52 on Thursday, reaching $82.03. The stock had a trading volume of 206,738 shares, compared to its average volume of 568,942. The business's 50 day moving average is $95.25 and its two-hundred day moving average is $95.16. 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 company has a market cap of $4.70 billion, a P/E ratio of 28.89 and a beta of 1.41. Skyline Champion Co. has a 1 year low of $64.82 and a 1 year high of $116.49.

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

Insider Activity

In other Skyline Champion news, VP Timothy A. Burkhardt sold 3,823 shares of the 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 transaction, the vice president now owns 32,706 shares of the company's stock, valued at approximately $3,495,290.22. This represents a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 transaction of $451,750.35. Following the completion of the transaction, the executive vice president now owns 39,411 shares of the company's stock, valued at $4,107,020.31. The trade was a 9.91 % 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.

About Skyline Champion

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.