Skyline Champion Co. (NYSE:SKY) Stock Position Increased by SG Capital Management LLC

SG Capital Management LLC boosted its holdings in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 80.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 340,512 shares of the company's stock after purchasing an additional 151,488 shares during the period. Skyline Champion comprises approximately 2.9% of SG Capital Management LLC's holdings, making the stock its 8th largest holding. SG Capital Management LLC owned about 0.59% of Skyline Champion worth $29,999,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SKY. Harvest Fund Management Co. Ltd purchased a new position in Skyline Champion during the 4th quarter valued at about $36,000. Sterling Capital Management LLC grew its holdings in shares of Skyline Champion by 645.5% during the 4th quarter. Sterling Capital Management LLC now owns 917 shares of the company's stock worth $81,000 after acquiring an additional 794 shares during the period. Headlands Technologies LLC purchased a new position in shares of Skyline Champion during the 4th quarter worth approximately $108,000. Venturi Wealth Management LLC purchased a new position in shares of Skyline Champion during the 4th quarter worth approximately $112,000. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Skyline Champion during the 4th quarter worth approximately $176,000.

Skyline Champion Stock Down 2.2%

Shares of Skyline Champion stock traded down $2.03 during midday trading on Monday, hitting $90.23. The company had a trading volume of 328,913 shares, compared to its average volume of 543,423. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59. The stock has a market capitalization of $5.17 billion, a P/E ratio of 31.77 and a beta of 1.37. The company has a 50 day moving average of $88.57 and a 200 day moving average of $94.17. Skyline Champion Co. has a 52-week low of $64.82 and a 52-week high of $116.49.

Analyst Upgrades and Downgrades

SKY has been the topic of a number of research analyst reports. Royal Bank of Canada upped their target price on Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Barclays reduced their target price on Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Skyline Champion has a consensus rating of "Hold" and an average price target of $88.40.

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.