Burgundy Asset Management Ltd. Has $66.99 Million Stake in Skyline Champion Co. (NYSE:SKY)

Burgundy Asset Management Ltd. trimmed its stake in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 760,351 shares of the company's stock after selling 25,732 shares during the period. Burgundy Asset Management Ltd. owned about 1.33% of Skyline Champion worth $66,987,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SKY. Capital Research Global Investors acquired a new stake in Skyline Champion in the 4th quarter valued at $98,978,000. Vanguard Group Inc. increased its stake in Skyline Champion by 17.3% in the 4th quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company's stock valued at $523,578,000 after buying an additional 876,712 shares during the last quarter. Norges Bank acquired a new stake in Skyline Champion in the 4th quarter valued at $69,346,000. Capital World Investors increased its stake in Skyline Champion by 31.5% in the 4th quarter. Capital World Investors now owns 2,638,862 shares of the company's stock valued at $232,484,000 after buying an additional 632,718 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Skyline Champion by 5,843.2% in the 4th quarter. Principal Financial Group Inc. now owns 256,924 shares of the company's stock valued at $22,635,000 after buying an additional 252,601 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SKY. Royal Bank of Canada boosted 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 lowered 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. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $88.40.

Skyline Champion Stock Performance

Shares of SKY stock opened at $85.36 on Friday. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 30.06 and a beta of 1.37. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59. The company has a 50-day simple moving average of $88.13 and a 200 day simple moving average of $94.04. Skyline Champion Co. has a 52 week low of $64.82 and a 52 week high of $116.49.

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.

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