Skyline Champion Co. (NYSE:SKY) Stake Cut by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL trimmed its stake in Skyline Champion Co. (NYSE:SKY - Free Report) by 6.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 192,700 shares of the company's stock after selling 13,250 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.34% of Skyline Champion worth $16,977,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SKY. HighTower Advisors LLC lifted its position in Skyline Champion by 20.1% in the 3rd quarter. HighTower Advisors LLC now owns 4,839 shares of the company's stock valued at $458,000 after purchasing an additional 811 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Skyline Champion by 42.9% during the third quarter. Stifel Financial Corp now owns 8,305 shares of the company's stock worth $788,000 after buying an additional 2,494 shares during the period. MML Investors Services LLC bought a new position in Skyline Champion in the 3rd quarter worth approximately $216,000. Barclays PLC increased its position in Skyline Champion by 136.9% in the 3rd quarter. Barclays PLC now owns 111,140 shares of the company's stock valued at $10,543,000 after acquiring an additional 64,229 shares during the period. Finally, SkyView Investment Advisors LLC raised its stake in Skyline Champion by 2.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,243 shares of the company's stock valued at $592,000 after acquiring an additional 132 shares in the last quarter.

Skyline Champion Price Performance

NYSE SKY traded down $2.54 on Monday, reaching $79.29. The company's stock had a trading volume of 48,198 shares, compared to its average volume of 529,821. Skyline Champion Co. has a twelve month low of $64.82 and a twelve month high of $116.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59. The firm's 50 day moving average is $94.31 and its two-hundred day moving average is $94.98. The stock has a market cap of $4.54 billion, a PE ratio of 27.92 and a beta of 1.41.

Skyline Champion (NYSE:SKY - Get Free Report) last issued its 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 net margin of 6.80% and a return on equity of 13.80%. As a group, sell-side analysts predict that Skyline Champion Co. will post 3.63 EPS for the current year.

Insider Buying and Selling

In related news, EVP Joseph A. Kimmell sold 4,335 shares of the stock in a transaction on Monday, February 10th. The stock was 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 trade represents a 9.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Timothy A. Burkhardt sold 3,823 shares of the business's 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 approximately $3,495,290.22. The trade was a 10.47 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Royal Bank of Canada increased their price target 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 lowered 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 equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $88.40.

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.