Voss Capital LLC Decreases Stake in Skyline Champion Co. (NYSE:SKY)

Voss Capital LLC reduced its stake in Skyline Champion Co. (NYSE:SKY - Free Report) by 31.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 246,100 shares of the company's stock after selling 110,907 shares during the quarter. Skyline Champion comprises about 1.8% of Voss Capital LLC's portfolio, making the stock its 16th largest holding. Voss Capital LLC owned about 0.43% of Skyline Champion worth $18,275,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Comerica Bank acquired a new position in Skyline Champion in the 3rd quarter worth approximately $62,000. Covestor Ltd increased its holdings in Skyline Champion by 8,505.3% in the 1st quarter. Covestor Ltd now owns 1,635 shares of the company's stock worth $90,000 after buying an additional 1,616 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in Skyline Champion in the 3rd quarter worth approximately $94,000. Point72 Hong Kong Ltd acquired a new position in Skyline Champion in the 1st quarter worth approximately $160,000. Finally, GW Henssler & Associates Ltd. acquired a new position in Skyline Champion in the 3rd quarter worth approximately $202,000.

Analyst Ratings Changes

SKY has been the topic of several research reports. Royal Bank of Canada increased their price target on shares of Skyline Champion from $69.00 to $73.00 and gave the stock a "sector perform" rating in a report on Wednesday, February 7th. Wedbush reiterated a "neutral" rating and issued a $72.00 price target on shares of Skyline Champion in a report on Tuesday, February 6th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $71.40.

Skyline Champion Stock Performance

Shares of NYSE SKY traded down $1.06 during midday trading on Monday, reaching $78.13. 243,032 shares of the stock were exchanged, compared to its average volume of 287,497. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of 22.69 and a beta of 1.53. Skyline Champion Co. has a twelve month low of $52.12 and a twelve month high of $86.71. The firm has a 50-day simple moving average of $81.60 and a two-hundred day simple moving average of $70.75. The company has a quick ratio of 1.71, a current ratio of 2.56 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY - Get Free Report) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.12. Skyline Champion had a net margin of 10.19% and a return on equity of 15.45%. The business had revenue of $559.46 million for the quarter, compared to analysts' expectations of $505.20 million. As a group, analysts anticipate that Skyline Champion Co. will post 3.19 EPS for the current fiscal year.

Skyline Champion Company 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.

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