William Blair Investment Management LLC raised its stake in shares of Skyline Champion Co. (NYSE:SKY) by 23.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,288,898 shares of the company’s stock after purchasing an additional 240,620 shares during the quarter. William Blair Investment Management LLC’s holdings in Skyline Champion were worth $39,879,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SKY. BlackRock Inc. grew its holdings in shares of Skyline Champion by 1.7% in the 4th quarter. BlackRock Inc. now owns 4,242,038 shares of the company’s stock worth $131,250,000 after purchasing an additional 72,335 shares during the last quarter. Wasatch Advisors Inc. increased its holdings in Skyline Champion by 9.2% during the 3rd quarter. Wasatch Advisors Inc. now owns 2,387,641 shares of the company’s stock valued at $63,917,000 after purchasing an additional 200,510 shares in the last quarter. FMR LLC raised its position in Skyline Champion by 4.7% in the 1st quarter. FMR LLC now owns 2,323,264 shares of the company’s stock valued at $44,142,000 after purchasing an additional 105,135 shares during the last quarter. GW&K Investment Management LLC raised its position in Skyline Champion by 4.2% in the 4th quarter. GW&K Investment Management LLC now owns 1,447,557 shares of the company’s stock valued at $44,787,000 after purchasing an additional 58,123 shares during the last quarter. Finally, State Street Corp lifted its position in Skyline Champion by 4.3% during the 3rd quarter. State Street Corp now owns 1,348,753 shares of the company’s stock worth $36,106,000 after buying an additional 56,170 shares in the last quarter. 95.71% of the stock is currently owned by institutional investors.

Shares of Skyline Champion stock opened at $44.21 on Tuesday. The company has a market capitalization of $2.50 billion, a P/E ratio of 47.54 and a beta of 2.62. The company has a quick ratio of 1.69, a current ratio of 2.34 and a debt-to-equity ratio of 0.15. The stock has a 50-day simple moving average of $36.74. Skyline Champion Co. has a 1 year low of $10.82 and a 1 year high of $44.99.

Skyline Champion (NYSE:SKY) last posted its earnings results on Sunday, January 31st. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.14. The business had revenue of $377.58 million during the quarter, compared to analysts’ expectations of $352.23 million. Skyline Champion had a return on equity of 11.46% and a net margin of 4.23%. On average, equities research analysts expect that Skyline Champion Co. will post 1.02 EPS for the current fiscal year.

SKY has been the topic of several research reports. Zacks Investment Research raised Skyline Champion from a “hold” rating to a “strong-buy” rating and set a $49.00 price objective on the stock in a report on Friday, February 12th. Craig Hallum lifted their price target on shares of Skyline Champion from $40.00 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday, February 3rd. Wedbush restated an “outperform” rating and issued a $38.00 price objective on shares of Skyline Champion in a report on Friday, December 18th. Finally, Barclays lifted their target price on shares of Skyline Champion from $32.00 to $36.00 and gave the stock an “overweight” rating in a report on Friday, December 18th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $35.14.

Skyline Champion Profile

Skyline Champion Corporation operates as a factory-built housing company in North America. The company offers manufactured and modular homes, as well as park-models and modular buildings for the multi-family, hospitality, and senior and workforce housing sectors. It builds homes under the brand names of Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Excel Homes, Homes of Merit, New Era, Redman Homes, Shore Park, Silvercrest, Titan Homes in the United States, and Moduline and SRI Homes in western Canada.

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Institutional Ownership by Quarter for Skyline Champion (NYSE:SKY)

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