Wellington Management Group LLP Has $466.38 Million Holdings in Skyline Champion Co. (NYSE:SKY)

Wellington Management Group LLP trimmed its stake in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 30.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,293,784 shares of the company's stock after selling 2,344,980 shares during the period. Wellington Management Group LLP owned about 9.24% of Skyline Champion worth $466,382,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SKY. SkyView Investment Advisors LLC boosted its position in shares of Skyline Champion by 2.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 6,243 shares of the company's stock worth $592,000 after buying an additional 132 shares in the last quarter. Ulland Investment Advisors LLC increased its position in Skyline Champion by 0.3% during the fourth quarter. Ulland Investment Advisors LLC now owns 52,610 shares of the company's stock worth $4,635,000 after buying an additional 171 shares in the last quarter. HighTower Advisors LLC raised its stake in Skyline Champion by 3.7% in the 4th quarter. HighTower Advisors LLC now owns 5,019 shares of the company's stock valued at $442,000 after purchasing an additional 180 shares during the last quarter. Atria Investments Inc lifted its stake in shares of Skyline Champion by 5.7% during the fourth quarter. Atria Investments Inc now owns 3,726 shares of the company's stock valued at $328,000 after buying an additional 202 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Skyline Champion by 3.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,745 shares of the company's stock worth $506,000 after purchasing an additional 213 shares during the last quarter.

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Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Royal Bank of Canada upped 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 upped their price target on Skyline Champion from $90.00 to $106.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $90.20.

Insider Buying and Selling at Skyline Champion

In related news, EVP Joseph A. Kimmell sold 4,335 shares of the business's stock in a transaction that occurred 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 $4,107,020.31. The trade was a 9.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Timothy A. Burkhardt sold 3,823 shares of the firm's 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 sale, the vice president now owns 32,706 shares of the company's stock, 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. 6.90% of the stock is owned by corporate insiders.

Skyline Champion Price Performance

Skyline Champion stock traded up $2.31 during trading hours on Wednesday, hitting $94.92. 572,198 shares of the company traded hands, compared to its average volume of 516,017. The firm's 50-day simple moving average is $97.89 and its two-hundred day simple moving average is $96.02. The firm has a market cap of $5.44 billion, a P/E ratio of 33.42 and a beta of 1.61. Skyline Champion Co. has a 1-year low of $64.82 and a 1-year high of $116.49. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share (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%. As a group, analysts forecast that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

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.