Skyline Champion Co. (NYSE:SKY) Holdings Reduced by Driehaus Capital Management LLC

Driehaus Capital Management LLC decreased its stake in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 21.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 380,261 shares of the company's stock after selling 105,339 shares during the period. Driehaus Capital Management LLC owned 0.66% of Skyline Champion worth $33,501,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd purchased a new position in Skyline Champion in the fourth quarter valued at about $36,000. Sterling Capital Management LLC boosted its holdings in Skyline Champion by 645.5% in the 4th quarter. Sterling Capital Management LLC now owns 917 shares of the company's stock worth $81,000 after acquiring an additional 794 shares during the period. Headlands Technologies LLC acquired a new stake in Skyline Champion in the fourth quarter valued at approximately $108,000. Venturi Wealth Management LLC acquired a new position in shares of Skyline Champion during the fourth quarter worth $112,000. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Skyline Champion in the fourth quarter valued at $176,000.

Skyline Champion Stock Performance

Shares of SKY stock traded up $0.25 on Tuesday, hitting $92.83. 516,889 shares of the stock traded hands, compared to its average volume of 539,796. The company has a market capitalization of $5.32 billion, a PE ratio of 32.69 and a beta of 1.37. The company's fifty day moving average is $88.96 and its 200 day moving average is $94.12. Skyline Champion Co. has a 1-year low of $64.82 and a 1-year high of $116.49. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SKY. Royal Bank of Canada lifted 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 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 equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Skyline Champion has an average rating of "Hold" and an average price target 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.