Portolan Capital Management LLC Sells 25,013 Shares of Skyline Champion Co. (NYSE:SKY)

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

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Skyline Champion by 17.3% during the fourth quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company’s stock worth $523,578,000 after acquiring an additional 876,712 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Skyline Champion by 2.9% in the 4th quarter. American Century Companies Inc. now owns 1,411,769 shares of the company’s stock worth $124,377,000 after purchasing an additional 39,262 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Skyline Champion by 4.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,027,194 shares of the company’s stock worth $90,496,000 after purchasing an additional 41,916 shares during the last quarter. Norges Bank acquired a new stake in shares of Skyline Champion during the 4th quarter worth about $69,346,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Skyline Champion by 6.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 682,259 shares of the company’s stock valued at $60,107,000 after purchasing an additional 42,278 shares during the last quarter.

Skyline Champion Trading Up 0.8 %

Shares of SKY opened at $82.65 on Tuesday. The stock’s fifty day simple moving average is $96.19 and its 200-day simple moving average is $95.36. 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 firm has a market capitalization of $4.73 billion, a PE 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 released its earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts predict that Skyline Champion Co. will post 3.63 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on SKY. Royal Bank of Canada upped 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 decreased their price target on Skyline Champion from $106.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $88.40.

Insider Activity at Skyline Champion

In related news, 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 value of $408,564.01. Following the completion of the sale, the vice president now owns 32,706 shares in the company, valued at approximately $3,495,290.22. This represents a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Joseph A. Kimmell sold 4,335 shares of the 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 completion of the transaction, the executive vice president now directly owns 39,411 shares in the company, valued at $4,107,020.31. The trade was a 9.91 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by company 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.