Vaughan Nelson Investment Management L.P. Reduces Stake in Skyline Champion Co. (NYSE:SKY)

Vaughan Nelson Investment Management L.P. decreased its holdings in Skyline Champion Co. (NYSE:SKY - Free Report) by 43.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 407,105 shares of the company's stock after selling 315,077 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.71% of Skyline Champion worth $35,866,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Squarepoint Ops LLC bought a new stake in Skyline Champion in the 2nd quarter worth $327,000. Millennium Management LLC boosted its holdings in shares of Skyline Champion by 75.8% during the second quarter. Millennium Management LLC now owns 78,370 shares of the company's stock worth $5,310,000 after purchasing an additional 33,794 shares during the period. CWM LLC boosted its holdings in shares of Skyline Champion by 7.4% during the third quarter. CWM LLC now owns 2,286 shares of the company's stock worth $217,000 after purchasing an additional 158 shares during the period. Creative Planning raised its position in Skyline Champion by 166.7% during the 3rd quarter. Creative Planning now owns 10,049 shares of the company's stock valued at $953,000 after purchasing an additional 6,281 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in Skyline Champion in the 3rd quarter worth approximately $76,000.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SKY. Craig Hallum boosted their target price on Skyline Champion from $92.00 to $99.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Royal Bank of Canada upped their price objective on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Finally, Barclays lifted their target price on shares of 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 equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $90.20.

Insider Activity at Skyline Champion

In related news, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion 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 sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Timothy A. Burkhardt sold 3,823 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total transaction of $408,564.01. Following the completion of the transaction, the vice president now owns 32,706 shares in the company, valued at $3,495,290.22. This trade represents a 10.47 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is owned by insiders.

Skyline Champion Stock Down 0.7 %

Shares of Skyline Champion stock traded down $0.72 during trading on Wednesday, hitting $104.95. The company's stock had a trading volume of 457,006 shares, compared to its average volume of 697,172. Skyline Champion Co. has a 52 week low of $64.82 and a 52 week high of $116.49. The company has a market capitalization of $6.01 billion, a PE ratio of 36.95 and a beta of 1.62. The company has a fifty day simple moving average of $94.78 and a two-hundred day simple moving average of $93.09. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.59.

Skyline Champion (NYSE:SKY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 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%. Equities research analysts predict that Skyline Champion Co. will post 3.54 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.