Rice Hall James & Associates LLC Reduces Stock Position in Skyline Champion Co. (NYSE:SKY)

Rice Hall James & Associates LLC reduced its position in shares of Skyline Champion Co. (NYSE:SKY) by 15.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,623 shares of the company’s stock after selling 8,808 shares during the period. Rice Hall James & Associates LLC owned 0.08% of Skyline Champion worth $4,107,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SKY. JPMorgan Chase & Co. lifted its position in shares of Skyline Champion by 137.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 127,307 shares of the company’s stock worth $12,075,000 after purchasing an additional 73,697 shares during the period. Summit Partners Public Asset Management LLC lifted its holdings in Skyline Champion by 23.3% in the third quarter. Summit Partners Public Asset Management LLC now owns 404,673 shares of the company’s stock worth $38,383,000 after buying an additional 76,573 shares during the period. Algert Global LLC lifted its holdings in Skyline Champion by 164.1% in the third quarter. Algert Global LLC now owns 14,590 shares of the company’s stock worth $1,384,000 after buying an additional 9,066 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in Skyline Champion by 26.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 119,154 shares of the company’s stock worth $10,497,000 after buying an additional 24,781 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Skyline Champion in the 3rd quarter valued at approximately $2,369,000.

Insider Activity

In other Skyline Champion news, VP Timothy A. Burkhardt sold 3,823 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total transaction of $408,564.01. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion stock in a transaction 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 owns 39,411 shares in the company, 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. 6.90% of the stock is owned by corporate insiders.

Skyline Champion Price Performance

SKY opened at $107.40 on Tuesday. The stock has a 50-day moving average price of $94.93 and a 200-day moving average price of $93.82. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.64. The firm has a market cap of $6.15 billion, a PE ratio of 37.82 and a beta of 1.62. Skyline Champion Co. has a 1 year low of $64.82 and a 1 year high of $116.49.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.24. Skyline Champion had a net margin of 6.80% and a return on equity of 13.80%. Sell-side analysts predict that Skyline Champion Co. will post 3.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the company. Craig Hallum raised their price objective on Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Barclays lifted their price target on shares of Skyline Champion from $90.00 to $106.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada lifted their price target on shares of Skyline Champion from $88.00 to $96.00 and gave the company 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.