GW&K Investment Management LLC Sells 39,848 Shares of Skyline Champion Co. (NYSE:SKY)

GW&K Investment Management LLC decreased its holdings in Skyline Champion Co. (NYSE:SKY - Free Report) by 6.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 540,304 shares of the company's stock after selling 39,848 shares during the quarter. GW&K Investment Management LLC owned 0.94% of Skyline Champion worth $40,123,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SKY. Nordea Investment Management AB acquired a new stake in Skyline Champion during the fourth quarter worth approximately $4,775,000. Mutual of America Capital Management LLC increased its position in shares of Skyline Champion by 106.2% in the fourth quarter. Mutual of America Capital Management LLC now owns 85,986 shares of the company's stock worth $6,385,000 after purchasing an additional 44,276 shares during the period. Cerity Partners LLC increased its position in shares of Skyline Champion by 1,363.7% in the fourth quarter. Cerity Partners LLC now owns 81,293 shares of the company's stock worth $6,037,000 after purchasing an additional 75,739 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Skyline Champion by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 573,607 shares of the company's stock worth $42,596,000 after purchasing an additional 14,322 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its stake in Skyline Champion by 16.8% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 703,157 shares of the company's stock worth $52,217,000 after buying an additional 101,265 shares in the last quarter.

Wall Street Analyst Weigh In

SKY has been the topic of several analyst 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 research report on Wednesday, February 7th. Wedbush reiterated a "neutral" rating and issued a $72.00 price target on shares of Skyline Champion in a research note on Thursday, May 16th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $71.40.

Skyline Champion Price Performance

Skyline Champion stock traded down $2.80 during mid-day trading on Tuesday, reaching $77.68. The company had a trading volume of 442,097 shares, compared to its average volume of 273,063. The business has a fifty day simple moving average of $79.78 and a 200 day simple moving average of $73.92. The company has a market cap of $4.49 billion, a P/E ratio of 22.08 and a beta of 1.54. The company has a current ratio of 2.56, a quick ratio of 1.71 and a debt-to-equity ratio of 0.02. Skyline Champion Co. has a fifty-two week low of $52.12 and a fifty-two week high of $86.71.

Skyline Champion 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.