Skyline Champion Co. (NYSE:SKY) Shares Sold by Portolan Capital Management LLC

Portolan Capital Management LLC cut its stake in Skyline Champion Co. (NYSE:SKY) by 73.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,996 shares of the company’s stock after selling 25,013 shares during the period. Portolan Capital Management LLC’s holdings in Skyline Champion were worth $793,000 at the end of the most recent reporting period.

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

Insider Transactions at Skyline Champion

In other news, VP Timothy A. Burkhardt sold 3,823 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now directly owns 32,706 shares in the company, valued at approximately $3,495,290.22. The trade was a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of the company’s 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 completion of the transaction, the executive vice president now owns 39,411 shares of the company’s stock, valued at $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. Corporate insiders own 6.90% of the company’s stock.

Analysts Set New Price Targets

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

Skyline Champion Trading Up 0.8 %

NYSE:SKY opened at $82.65 on Tuesday. 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 company’s 50 day moving average is $96.19 and its 200-day moving average is $95.36. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of 29.10 and a beta of 1.41. 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 data on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, topping 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%. Equities analysts anticipate that Skyline Champion Co. will post 3.63 EPS for the current year.

Skyline Champion Company 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.