Los Angeles Capital Management LLC Has $418,000 Stock Position in Skyline Champion Co. (NYSE:SKY)

Los Angeles Capital Management LLC lessened its holdings in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 65.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,623 shares of the company's stock after selling 10,664 shares during the period. Los Angeles Capital Management LLC's holdings in Skyline Champion were worth $418,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. DekaBank Deutsche Girozentrale bought a new position in Skyline Champion in the 3rd quarter worth about $94,000. Envestnet Portfolio Solutions Inc. acquired a new stake in Skyline Champion in the 3rd quarter valued at approximately $216,000. Outlook Wealth Advisors LLC acquired a new stake in Skyline Champion in the 4th quarter valued at approximately $231,000. Mackenzie Financial Corp bought a new stake in Skyline Champion during the 4th quarter valued at $246,000. Finally, Commonwealth Equity Services LLC grew its stake in shares of Skyline Champion by 11.7% in the third quarter. Commonwealth Equity Services LLC now owns 3,931 shares of the company's stock worth $250,000 after purchasing an additional 413 shares in the last quarter.

Skyline Champion Stock Down 0.6 %

Skyline Champion stock traded down $0.52 during mid-day trading on Friday, hitting $80.06. The company's stock had a trading volume of 211,279 shares, compared to its average volume of 215,777. Skyline Champion Co. has a 52-week low of $52.12 and a 52-week high of $86.71. The company has a market cap of $4.62 billion, a PE ratio of 22.94 and a beta of 1.54. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.56 and a quick ratio of 1.71. The firm's 50 day moving average is $80.14 and its 200 day moving average is $72.85.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Royal Bank of Canada raised their price objective on shares of Skyline Champion from $69.00 to $73.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 7th. Wedbush reiterated a "neutral" rating and issued a $72.00 target price on shares of Skyline Champion in a report on Tuesday, February 6th. Five equities 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.com, the company presently has a consensus rating of "Hold" and a consensus target price of $71.40.

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.