Wasatch Advisors LP Reduces Holdings in Skyline Champion Co. (NYSE:SKY)

Wasatch Advisors LP lessened its holdings in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,094,564 shares of the company's stock after selling 49,622 shares during the period. Wasatch Advisors LP owned approximately 1.91% of Skyline Champion worth $96,431,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SKY. Vanguard Group Inc. increased its stake in Skyline Champion by 17.3% during the 4th quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company's stock worth $523,578,000 after buying an additional 876,712 shares during the period. Norges Bank acquired a new stake in shares of Skyline Champion during the fourth quarter worth approximately $69,346,000. Principal Financial Group Inc. lifted its position in shares of Skyline Champion by 5,843.2% in the fourth quarter. Principal Financial Group Inc. now owns 256,924 shares of the company's stock worth $22,635,000 after buying an additional 252,601 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Skyline Champion by 80.7% during the fourth quarter. Bank of New York Mellon Corp now owns 351,060 shares of the company's stock worth $30,928,000 after buying an additional 156,757 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Skyline Champion by 120.3% in the fourth quarter. JPMorgan Chase & Co. now owns 280,396 shares of the company's stock valued at $24,703,000 after buying an additional 153,089 shares in the last quarter.

Skyline Champion Price Performance

NYSE:SKY traded down $2.27 during mid-day trading on Monday, reaching $79.56. The stock had a trading volume of 79,326 shares, compared to its average volume of 529,902. The stock has a 50-day simple moving average of $94.31 and a two-hundred day simple moving average of $94.98. The stock has a market capitalization of $4.56 billion, a PE ratio of 28.01 and a beta of 1.41. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49.

Skyline Champion (NYSE:SKY - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 EPS 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, equities analysts anticipate that Skyline Champion Co. will post 3.63 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on SKY. Royal Bank of Canada lifted their target price 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. Barclays decreased their target price on Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Skyline Champion currently has a consensus rating of "Hold" and a consensus target price of $88.40.

Insider Buying and Selling at Skyline Champion

In other Skyline Champion news, EVP Joseph A. Kimmell sold 4,335 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $104.21, for a total transaction of $451,750.35. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Timothy A. Burkhardt sold 3,823 shares of the firm's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total transaction 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 disclosure for this sale can be found here. Insiders own 6.90% of the company's stock.

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.