Royce & Associates LP Cuts Stake in Skyline Champion Co. (NYSE:SKY)

Royce & Associates LP cut its stake in Skyline Champion Co. (NYSE:SKY) by 8.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 280,781 shares of the company’s stock after selling 25,636 shares during the quarter. Royce & Associates LP owned about 0.49% of Skyline Champion worth $24,737,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. SkyView Investment Advisors LLC raised its position in Skyline Champion by 2.2% in the third quarter. SkyView Investment Advisors LLC now owns 6,243 shares of the company’s stock valued at $592,000 after purchasing an additional 132 shares during the period. Ulland Investment Advisors LLC lifted its stake in shares of Skyline Champion by 0.3% in the fourth quarter. Ulland Investment Advisors LLC now owns 52,610 shares of the company’s stock worth $4,635,000 after acquiring an additional 171 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of Skyline Champion by 3.7% in the fourth quarter. HighTower Advisors LLC now owns 5,019 shares of the company’s stock worth $442,000 after acquiring an additional 180 shares in the last quarter. Atria Investments Inc lifted its stake in shares of Skyline Champion by 5.7% in the fourth quarter. Atria Investments Inc now owns 3,726 shares of the company’s stock worth $328,000 after acquiring an additional 202 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Skyline Champion by 3.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,745 shares of the company’s stock worth $506,000 after acquiring an additional 213 shares in the last quarter.

Insider Activity

In other news, VP Timothy A. Burkhardt sold 3,823 shares of the company’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 completion of the transaction, the vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of the company’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 transaction, the executive vice president now directly owns 39,411 shares of the company’s stock, valued at $4,107,020.31. This trade represents a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SKY shares. Barclays boosted their price target on Skyline Champion from $90.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Royal Bank of Canada boosted 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. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Skyline Champion has an average rating of “Hold” and an average price target of $90.20.

Skyline Champion Trading Up 2.7 %

Shares of NYSE SKY opened at $94.56 on Monday. The stock’s 50 day moving average price is $96.38 and its two-hundred day moving average price is $95.64. Skyline Champion Co. has a 52-week low of $64.82 and a 52-week high of $116.49. The stock has a market capitalization of $5.42 billion, a P/E ratio of 33.29 and a beta of 1.61. 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) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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, analysts anticipate that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal 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.