Baird Financial Group Inc. Buys Shares of 3,272 Skyline Champion Co. (NYSE:SKY)

Baird Financial Group Inc. bought a new position in shares of Skyline Champion Co. (NYSE:SKY - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,272 shares of the company's stock, valued at approximately $288,000.

A number of other hedge funds also recently added to or reduced their stakes in SKY. Harvest Fund Management Co. Ltd purchased a new position in Skyline Champion in the fourth quarter worth approximately $36,000. Sterling Capital Management LLC raised its holdings in shares of Skyline Champion by 645.5% in the 4th quarter. Sterling Capital Management LLC now owns 917 shares of the company's stock valued at $81,000 after purchasing an additional 794 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Skyline Champion in the 4th quarter valued at $108,000. Venturi Wealth Management LLC purchased a new stake in shares of Skyline Champion during the 4th quarter worth $112,000. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Skyline Champion during the fourth quarter worth $176,000.

Skyline Champion Stock Performance

Shares of Skyline Champion stock traded down $2.19 on Wednesday, reaching $87.47. 166,033 shares of the stock were exchanged, compared to its average volume of 521,909. The firm has a market capitalization of $5.01 billion, a PE ratio of 30.80 and a beta of 1.37. Skyline Champion Co. has a 1-year low of $64.82 and a 1-year high of $116.49. The business has a fifty day moving average price of $88.43 and a two-hundred day moving average price of $94.13. The company has a current ratio of 2.59, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02.

Wall Street Analysts Forecast Growth

SKY has been the topic of several research analyst reports. Royal Bank of Canada raised 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 dropped 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 research 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, Skyline Champion presently has an average rating of "Hold" and a consensus target price of $88.40.

About Skyline Champion

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.