Marshall Wace LLP Invests $677,000 in Skyline Champion Co. (NYSE:SKY)

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

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SKY. Vanguard Group Inc. lifted its stake in Skyline Champion by 17.3% in the fourth 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 period. American Century Companies Inc. lifted its position in Skyline Champion by 2.9% during the 4th quarter. American Century Companies Inc. now owns 1,411,769 shares of the company's stock worth $124,377,000 after buying an additional 39,262 shares in the last quarter. Alliancebernstein L.P. boosted its position in Skyline Champion by 4.3% during the fourth 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 shares of Skyline Champion in the fourth quarter valued at $69,346,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Skyline Champion by 6.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 682,259 shares of the company's stock valued at $60,107,000 after purchasing an additional 42,278 shares during the period.

Insider Activity

In other Skyline Champion news, VP Timothy A. Burkhardt sold 3,823 shares of Skyline Champion stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total value of $408,564.01. Following the completion of the transaction, the vice president now directly owns 32,706 shares of the company's stock, valued at $3,495,290.22. This trade represents a 10.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Joseph A. Kimmell sold 4,335 shares of the stock in a transaction 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 sale, the executive vice president now owns 39,411 shares in the company, valued at $4,107,020.31. The trade was a 9.91 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.90% of the company's stock.

Skyline Champion Price Performance

SKY stock traded up $0.92 during mid-day trading on Wednesday, hitting $87.33. 345,719 shares of the stock were exchanged, compared to its average volume of 537,596. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of 30.75 and a beta of 1.37. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49. The business has a fifty day moving average price of $89.49 and a 200 day moving average price of $94.06. 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 posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.24. Skyline Champion had a net margin of 6.80% and a return on equity of 13.80%. On average, sell-side analysts anticipate that Skyline Champion Co. will post 3.63 EPS for the current year.

Wall Street Analysts Forecast Growth

SKY has been the topic of a number of recent research reports. Barclays lowered their price target on shares of 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. Royal Bank of Canada increased their target price on shares of Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a research report on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Skyline Champion presently has an average rating of "Hold" and an average 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.