Kennedy Capital Management LLC Decreases Position in Skyline Champion Co. (NYSE:SKY)

Kennedy Capital Management LLC trimmed its stake in shares of Skyline Champion Co. (NYSE:SKY) by 10.7% in the 4th quarter, Holdings Channel reports. The firm owned 265,762 shares of the company’s stock after selling 31,724 shares during the period. Skyline Champion accounts for approximately 0.5% of Kennedy Capital Management LLC’s holdings, making the stock its 20th biggest position. Kennedy Capital Management LLC’s holdings in Skyline Champion were worth $23,414,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Skyline Champion by 17.3% in the fourth quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company’s stock worth $523,578,000 after purchasing an additional 876,712 shares during the period. Norges Bank purchased a new stake in shares of Skyline Champion in the fourth quarter valued at $69,346,000. Principal Financial Group Inc. raised its stake in shares of Skyline Champion by 5,843.2% in the fourth quarter. Principal Financial Group Inc. now owns 256,924 shares of the company’s stock valued at $22,635,000 after acquiring an additional 252,601 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Skyline Champion by 80.7% in the fourth quarter. Bank of New York Mellon Corp now owns 351,060 shares of the company’s stock valued at $30,928,000 after acquiring an additional 156,757 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Skyline Champion by 120.3% in the 4th quarter. JPMorgan Chase & Co. now owns 280,396 shares of the company’s stock worth $24,703,000 after buying an additional 153,089 shares during the period.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Royal Bank of Canada increased their target price on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. Barclays decreased their price objective on shares of Skyline Champion from $106.00 to $97.00 and set an “equal weight” rating for the company in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Skyline Champion has a consensus rating of “Hold” and an average price target of $88.40.

Skyline Champion Stock Performance

Shares of Skyline Champion stock opened at $86.29 on Thursday. The business has a 50-day simple moving average of $97.04 and a 200-day simple moving average of $95.57. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59. The company has a market cap of $4.94 billion, a PE ratio of 30.38 and a beta of 1.41. Skyline Champion Co. has a one year low of $64.82 and a one year high of $116.49.

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

Insider Buying and Selling at Skyline Champion

In other news, VP Timothy A. Burkhardt sold 3,823 shares of the company’s stock in a transaction 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 sale, the vice president now directly owns 32,706 shares of the company’s stock, valued at $3,495,290.22. This represents a 10.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of the 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by corporate insiders.

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.