Kennedy Capital Management LLC Sells 31,724 Shares of Skyline Champion Co. (NYSE:SKY)

Kennedy Capital Management LLC reduced its position in Skyline Champion Co. (NYSE:SKY) by 10.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 265,762 shares of the company’s stock after selling 31,724 shares during the period. Skyline Champion makes up about 0.5% of Kennedy Capital Management LLC’s investment portfolio, making the stock its 20th biggest position. Kennedy Capital Management LLC owned approximately 0.46% of Skyline Champion worth $23,414,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of Skyline Champion by 137.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 127,307 shares of the company’s stock valued at $12,075,000 after buying an additional 73,697 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Skyline Champion by 80.7% during the fourth quarter. Bank of New York Mellon Corp now owns 351,060 shares of the company’s stock worth $30,928,000 after acquiring an additional 156,757 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position 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 last quarter. Van ECK Associates Corp raised its position in Skyline Champion by 21.8% in the 4th quarter. Van ECK Associates Corp now owns 40,108 shares of the company’s stock worth $3,534,000 after purchasing an additional 7,184 shares during the period. Finally, Rhumbline Advisers increased its stake in Skyline Champion by 85.0% in the fourth quarter. Rhumbline Advisers now owns 151,781 shares of the company’s stock worth $13,372,000 after purchasing an additional 69,756 shares during the period.

Skyline Champion Trading Up 6.1 %

NYSE SKY opened at $86.29 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49. The firm’s fifty day moving average price is $97.04 and its 200 day moving average price is $95.57. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of 30.38 and a beta of 1.41.

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, 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, sell-side analysts expect that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

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 shares were sold at an average price of $104.21, for a total value of $451,750.35. Following the sale, the executive vice president now directly owns 39,411 shares in the company, valued at $4,107,020.31. This trade represents a 9.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Timothy A. Burkhardt sold 3,823 shares of the company’s stock in a transaction dated 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. The trade was a 10.47 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on SKY. Royal Bank of Canada boosted their price objective on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 6th. Barclays reduced their price objective on Skyline Champion from $106.00 to $97.00 and set an “equal weight” rating for the company in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $88.40.

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.