Skyline Champion Co. (NYSE:SKY) Stock Holdings Reduced by William Blair Investment Management LLC

William Blair Investment Management LLC lowered its position in Skyline Champion Co. (NYSE:SKY) by 31.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 737,626 shares of the company’s stock after selling 336,066 shares during the quarter. William Blair Investment Management LLC owned approximately 1.29% of Skyline Champion worth $64,985,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Truvestments Capital LLC bought a new stake in shares of Skyline Champion during the 3rd quarter worth about $32,000. Quarry LP bought a new stake in Skyline Champion during the 3rd quarter valued at approximately $67,000. Venturi Wealth Management LLC bought a new stake in Skyline Champion during the 4th quarter valued at approximately $112,000. MML Investors Services LLC bought a new stake in Skyline Champion during the 3rd quarter valued at approximately $216,000. Finally, KBC Group NV boosted its stake in Skyline Champion by 53.9% during the 4th quarter. KBC Group NV now owns 2,288 shares of the company’s stock valued at $202,000 after purchasing an additional 801 shares during the period.

Insider Transactions at Skyline Champion

In other news, VP Timothy A. Burkhardt sold 3,823 shares of the stock in a transaction that occurred 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 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of the stock in a transaction that occurred on 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. The trade was a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by insiders.

Skyline Champion Trading Down 1.1 %

Skyline Champion stock opened at $93.40 on Tuesday. The business has a 50 day moving average price of $96.47 and a two-hundred day moving average price of $95.66. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 32.89 and a beta of 1.61. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49.

Skyline Champion (NYSE:SKY) last posted its quarterly earnings results 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 analysts forecast that Skyline Champion Co. will post 3.63 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SKY shares. Royal Bank of Canada increased 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 increased their target price on Skyline Champion from $90.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Five investment 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, the stock presently has an average rating of “Hold” and a consensus price target 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.