William Blair Investment Management LLC Has $64.99 Million Position in Skyline Champion Co. (NYSE:SKY)

William Blair Investment Management LLC lessened its holdings in Skyline Champion Co. (NYSE:SKY - Free Report) by 31.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 737,626 shares of the company's stock after selling 336,066 shares during the quarter. William Blair Investment Management LLC owned approximately 1.29% of Skyline Champion worth $64,985,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Truvestments Capital LLC acquired a new position in Skyline Champion in the third quarter valued at about $32,000. Quarry LP acquired a new stake in shares of Skyline Champion in the 3rd quarter valued at approximately $67,000. Venturi Wealth Management LLC bought a new position in Skyline Champion during the 4th quarter worth approximately $112,000. KBC Group NV grew its holdings in Skyline Champion by 53.9% during the fourth quarter. KBC Group NV now owns 2,288 shares of the company's stock valued at $202,000 after purchasing an additional 801 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Skyline Champion during the fourth quarter valued at approximately $210,000.

Insider Activity

In other Skyline Champion news, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion stock in a transaction on Monday, February 10th. The shares were sold at an average price of $104.21, for a total value of $451,750.35. Following the sale, the executive vice president now directly owns 39,411 shares in the company, valued at approximately $4,107,020.31. The trade was a 9.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction 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 disclosure for this sale can be found here. 6.90% of the stock is owned by corporate insiders.

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Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SKY. Royal Bank of Canada lifted their price target on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Barclays boosted their target price on Skyline Champion from $90.00 to $106.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Skyline Champion currently has a consensus rating of "Hold" and a consensus target price of $90.20.

Skyline Champion Stock Down 0.7 %

NYSE SKY traded down $0.69 on Friday, reaching $94.25. The company had a trading volume of 1,022,463 shares, compared to its average volume of 488,869. The company's fifty day moving average is $96.89 and its 200-day moving average is $95.63. The firm has a market capitalization of $5.40 billion, a price-to-earnings ratio of 33.19 and a beta of 1.61. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59. 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 posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) 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%. On average, research analysts forecast that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

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.