Cramer Rosenthal Mcglynn LLC Purchases 96,188 Shares of Skyline Champion Co. (NYSE:SKY)

Cramer Rosenthal Mcglynn LLC grew its position in Skyline Champion Co. (NYSE:SKY - Free Report) by 19.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 599,297 shares of the company's stock after purchasing an additional 96,188 shares during the period. Skyline Champion comprises about 3.0% of Cramer Rosenthal Mcglynn LLC's portfolio, making the stock its 2nd largest position. Cramer Rosenthal Mcglynn LLC owned approximately 1.05% of Skyline Champion worth $52,798,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in Skyline Champion by 137.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 127,307 shares of the company's stock worth $12,075,000 after buying an additional 73,697 shares during the period. Bank of New York Mellon Corp grew its position in shares of Skyline Champion by 80.7% in the 4th quarter. Bank of New York Mellon Corp now owns 351,060 shares of the company's stock valued at $30,928,000 after purchasing an additional 156,757 shares during the period. Harbor Capital Advisors Inc. increased its stake in Skyline Champion by 26.3% during the 4th quarter. Harbor Capital Advisors Inc. now owns 119,154 shares of the company's stock worth $10,497,000 after purchasing an additional 24,781 shares in the last quarter. Van ECK Associates Corp lifted its stake in Skyline Champion by 21.8% in the fourth quarter. Van ECK Associates Corp now owns 40,108 shares of the company's stock valued at $3,534,000 after buying an additional 7,184 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Skyline Champion by 85.0% in the fourth quarter. Rhumbline Advisers now owns 151,781 shares of the company's stock valued at $13,372,000 after buying an additional 69,756 shares in the last quarter.

Skyline Champion Stock Up 1.9 %

Shares of Skyline Champion stock traded up $1.54 during trading hours on Wednesday, reaching $83.48. 119,691 shares of the company's stock were exchanged, compared to its average volume of 530,380. The stock has a market cap of $4.78 billion, a P/E ratio of 29.39 and a beta of 1.41. The company has a 50 day moving average of $93.27 and a two-hundred day moving average of $94.78. The company has a current ratio of 2.59, a quick ratio of 1.74 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.

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

Analyst Ratings Changes

SKY has been the topic of a number of research analyst reports. Barclays dropped their price objective on shares of Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada boosted their price target on Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a report 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, Skyline Champion presently has an average rating of "Hold" and a consensus target price of $88.40.

Insider Buying and Selling

In other Skyline Champion news, VP Timothy A. Burkhardt sold 3,823 shares of the company's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total value of $408,564.01. Following the transaction, the vice president now directly owns 32,706 shares in the company, valued at $3,495,290.22. The trade was a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joseph A. Kimmell sold 4,335 shares of the stock in a transaction dated 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 directly owns 39,411 shares in the company, 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. 6.90% of the stock is owned by corporate insiders.

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.