Skyline Champion Co. (NYSE:SKY) is Cramer Rosenthal Mcglynn LLC’s 2nd Largest Position

Cramer Rosenthal Mcglynn LLC lifted its stake in Skyline Champion Co. (NYSE:SKY) by 19.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 599,297 shares of the company’s stock after buying an additional 96,188 shares during the period. Skyline Champion makes up approximately 3.0% of Cramer Rosenthal Mcglynn LLC’s holdings, making the stock its 2nd largest holding. Cramer Rosenthal Mcglynn LLC owned about 1.05% of Skyline Champion worth $52,798,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co boosted its position in Skyline Champion by 328.7% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 56,876 shares of the company’s stock valued at $5,010,000 after buying an additional 43,608 shares during the period. Marshall Wace LLP purchased a new stake in shares of Skyline Champion during the fourth quarter worth about $677,000. Jump Financial LLC grew its stake in shares of Skyline Champion by 24.3% in the fourth quarter. Jump Financial LLC now owns 18,193 shares of the company’s stock worth $1,603,000 after purchasing an additional 3,561 shares during the last quarter. XTX Topco Ltd bought a new position in Skyline Champion during the 4th quarter valued at approximately $712,000. Finally, Barclays PLC lifted its holdings in Skyline Champion by 0.6% in the 4th quarter. Barclays PLC now owns 111,793 shares of the company’s stock worth $9,847,000 after buying an additional 653 shares during the period.

Wall Street Analysts Forecast Growth

SKY has been the topic of several research analyst reports. Royal Bank of Canada boosted their target price on Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Barclays reduced their price objective on shares of Skyline Champion from $106.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Skyline Champion has an average rating of “Hold” and a consensus target price of $88.40.

Skyline Champion Stock Up 1.8 %

Shares of NYSE:SKY opened at $81.93 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59. Skyline Champion Co. has a 52-week low of $64.82 and a 52-week high of $116.49. The firm has a market capitalization of $4.69 billion, a P/E ratio of 28.85 and a beta of 1.41. The stock has a 50 day moving average price of $94.78 and a 200-day moving average price of $95.07.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 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%. As a group, equities research analysts anticipate that Skyline Champion Co. will post 3.63 EPS for the current fiscal year.

Insider Activity at Skyline Champion

In other news, VP Timothy A. Burkhardt sold 3,823 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total value of $408,564.01. Following the sale, 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 legal filing with the SEC, which is accessible through this link. Also, 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 completion of the transaction, the executive vice president now directly owns 39,411 shares of the company’s stock, valued at approximately $4,107,020.31. This represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by corporate insiders.

About Skyline Champion

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.