Kennedy Capital Management LLC Has $23.41 Million Stock Holdings in Skyline Champion Co. (NYSE:SKY)

Kennedy Capital Management LLC lowered its stake in Skyline Champion Co. (NYSE:SKY - Free Report) by 10.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 265,762 shares of the company's stock after selling 31,724 shares during the quarter. Skyline Champion comprises approximately 0.5% of Kennedy Capital Management LLC's holdings, making the stock its 20th largest holding. Kennedy Capital Management LLC owned 0.46% of Skyline Champion worth $23,414,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Skyline Champion by 17.3% in the 4th quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company's stock valued at $523,578,000 after buying an additional 876,712 shares in the last quarter. State Street Corp grew its stake in shares of Skyline Champion by 4.6% during the 3rd quarter. State Street Corp now owns 1,790,962 shares of the company's stock worth $169,873,000 after acquiring an additional 78,733 shares in the last quarter. American Century Companies Inc. increased its stake in Skyline Champion by 2.9% in the 4th quarter. American Century Companies Inc. now owns 1,411,769 shares of the company's stock valued at $124,377,000 after buying an additional 39,262 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Skyline Champion by 4.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,027,194 shares of the company's stock valued at $90,496,000 after acquiring an additional 41,916 shares in the last quarter. Finally, Norges Bank bought a new stake in Skyline Champion during the fourth quarter worth about $69,346,000.

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Insider Activity

In other news, VP Timothy A. Burkhardt sold 3,823 shares of the firm's stock in a transaction that occurred 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 sale, the vice president now directly owns 32,706 shares in the company, valued at approximately $3,495,290.22. This trade represents a 10.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Joseph A. Kimmell sold 4,335 shares of the 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 directly owns 39,411 shares of the company's stock, valued at approximately $4,107,020.31. The trade was a 9.91 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.90% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Royal Bank of Canada raised their price target on Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a research note on Thursday, February 6th. Barclays lowered 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 research note on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Skyline Champion has a consensus rating of "Hold" and an average target price of $88.40.

Skyline Champion Stock Performance

SKY stock traded down $0.82 during mid-day trading on Tuesday, hitting $81.80. 175,651 shares of the company were exchanged, compared to its average volume of 526,146. The business has a 50 day simple moving average of $96.19 and a 200-day simple moving average of $95.36. The stock has a market capitalization of $4.69 billion, a PE ratio of 28.80 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. 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 (NYSE:SKY - Get Free Report) last released 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 net margin of 6.80% and a return on equity of 13.80%. On average, equities analysts forecast that Skyline Champion Co. will post 3.63 earnings per share for the current year.

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.