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

William Blair Investment Management LLC trimmed its holdings in shares of Skyline Champion Co. (NYSE:SKY) by 31.3% in the fourth quarter, HoldingsChannel reports. The firm owned 737,626 shares of the company’s stock after selling 336,066 shares during the period. William Blair Investment Management LLC’s holdings in Skyline Champion were worth $64,985,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new stake in Skyline Champion during the 3rd quarter valued at $32,000. Quarry LP bought a new position in Skyline Champion in the 3rd quarter valued at $67,000. Venturi Wealth Management LLC bought a new position in Skyline Champion in the 4th quarter valued at $112,000. KBC Group NV boosted its position in Skyline Champion by 53.9% in the 4th quarter. KBC Group NV now owns 2,288 shares of the company’s stock valued at $202,000 after buying an additional 801 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Skyline Champion in the 4th quarter valued at $210,000.

Insider Activity at Skyline Champion

In related news, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $104.21, for a total value of $451,750.35. Following the sale, the executive vice president now 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Timothy A. Burkhardt sold 3,823 shares of Skyline Champion stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total value of $408,564.01. Following the transaction, 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 position. The disclosure for this sale can be found here. 6.90% of the stock is owned by company insiders.

Skyline Champion Stock Performance

SKY opened at $93.40 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74. The business’s 50-day moving average price is $96.47 and its two-hundred day moving average price is $95.66. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 32.89 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.

Skyline Champion (NYSE:SKY) last released its 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%. Equities analysts expect that Skyline Champion Co. will post 3.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SKY. Barclays increased their price objective on Skyline Champion from $90.00 to $106.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Royal Bank of Canada raised their price target on Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Skyline Champion currently has an average rating of “Hold” and an average target price of $90.20.

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.