Skyline Champion Co. (NYSE:SKY) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its stake in Skyline Champion Co. (NYSE:SKY - Free Report) by 16.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,230 shares of the company's stock after selling 4,647 shares during the period. Envestnet Asset Management Inc.'s holdings in Skyline Champion were worth $2,135,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd acquired a new stake in shares of Skyline Champion in the 4th quarter valued at about $36,000. Headlands Technologies LLC acquired a new stake in shares of Skyline Champion in the fourth quarter valued at approximately $108,000. Venturi Wealth Management LLC purchased a new position in shares of Skyline Champion during the fourth quarter worth approximately $112,000. New Age Alpha Advisors LLC purchased a new stake in Skyline Champion in the 4th quarter valued at $176,000. Finally, KBC Group NV boosted its stake in Skyline Champion by 53.9% during the 4th quarter. KBC Group NV now owns 2,288 shares of the company's stock worth $202,000 after purchasing an additional 801 shares during the period.

Insider Activity

In related news, VP Timothy A. Burkhardt sold 3,823 shares of the company'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 value of $408,564.01. Following the sale, the vice president now owns 32,706 shares in the company, valued at $3,495,290.22. This represents a 10.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Joseph A. Kimmell sold 4,335 shares of the firm's stock in a transaction that occurred 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 directly 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. Insiders own 6.90% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on SKY. Barclays dropped their price objective on shares of Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada upped their price objective on Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a research note on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Skyline Champion currently has a consensus rating of "Hold" and a consensus price target of $88.40.

Skyline Champion Stock Performance

NYSE SKY traded up $0.86 on Friday, hitting $88.07. 30,179 shares of the company's stock were exchanged, compared to its average volume of 532,990. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 31.06 and a beta of 1.41. The firm's 50-day moving average price is $90.67 and its two-hundred day moving average price is $94.36. Skyline Champion Co. has a fifty-two week low of $64.82 and a fifty-two week 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.

Skyline Champion (NYSE:SKY - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.24. Skyline Champion had a return on equity of 13.80% and a net margin of 6.80%. On average, research analysts expect that Skyline Champion Co. will post 3.63 EPS for the current year.

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.