7,682 Shares in Skyline Champion Co. (NYSE:SKY) Purchased by Marshall Wace LLP

Marshall Wace LLP acquired a new position in shares of Skyline Champion Co. (NYSE:SKY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,682 shares of the company's stock, valued at approximately $677,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SKY. Vanguard Group Inc. raised its position in Skyline Champion by 17.3% during the fourth quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company's stock worth $523,578,000 after acquiring an additional 876,712 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Skyline Champion by 2.9% in the 4th quarter. American Century Companies Inc. now owns 1,411,769 shares of the company's stock valued at $124,377,000 after purchasing an additional 39,262 shares during the period. Alliancebernstein L.P. lifted its stake in Skyline Champion by 4.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,027,194 shares of the company's stock valued at $90,496,000 after purchasing an additional 41,916 shares during the last quarter. Norges Bank bought a new position in Skyline Champion during the fourth quarter worth about $69,346,000. Finally, Charles Schwab Investment Management Inc. increased its position in Skyline Champion by 6.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 682,259 shares of the company's stock worth $60,107,000 after buying an additional 42,278 shares during the last quarter.

Skyline Champion Price Performance

NYSE SKY traded up $1.94 on Friday, hitting $89.15. 235,641 shares of the company's stock were exchanged, compared to its average volume of 536,375. Skyline Champion Co. has a 52 week low of $64.82 and a 52 week high of $116.49. The company has a current ratio of 2.59, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. The stock has a 50-day moving average of $90.39 and a 200-day moving average of $94.28. The stock has a market cap of $5.11 billion, a price-to-earnings ratio of 31.39 and a beta of 1.41.

Skyline Champion (NYSE:SKY - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, beating 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%. Analysts expect that Skyline Champion Co. will post 3.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SKY. Barclays cut their target price on shares of Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Royal Bank of Canada raised 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 report on Thursday, February 6th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Skyline Champion has a consensus rating of "Hold" and an average price target of $88.40.

Insider Buying and Selling

In other Skyline Champion news, EVP Joseph A. Kimmell sold 4,335 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $104.21, for a total transaction of $451,750.35. Following the transaction, the executive vice president now directly owns 39,411 shares in the company, valued at approximately $4,107,020.31. This represents a 9.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Timothy A. Burkhardt sold 3,823 shares of the firm's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total transaction of $408,564.01. Following the completion of the sale, the vice president now owns 32,706 shares of the company's stock, valued at $3,495,290.22. The trade was a 10.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.90% of the stock is owned by corporate insiders.

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.