Silvercrest Asset Management Group LLC Has $50.18 Million Position in Skyline Champion Co. (NYSE:SKY)

Silvercrest Asset Management Group LLC lowered its holdings in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 28.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 569,622 shares of the company's stock after selling 224,934 shares during the quarter. Silvercrest Asset Management Group LLC owned about 0.99% of Skyline Champion worth $50,184,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Ulland Investment Advisors LLC raised its holdings in shares of Skyline Champion by 0.3% during the 4th quarter. Ulland Investment Advisors LLC now owns 52,610 shares of the company's stock valued at $4,635,000 after purchasing an additional 171 shares in the last quarter. Summit Investment Advisors Inc. raised its holdings in shares of Skyline Champion by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,613 shares of the company's stock valued at $495,000 after purchasing an additional 178 shares in the last quarter. HighTower Advisors LLC raised its holdings in Skyline Champion by 3.7% in the 4th quarter. HighTower Advisors LLC now owns 5,019 shares of the company's stock worth $442,000 after acquiring an additional 180 shares during the period. Atria Investments Inc raised its holdings in Skyline Champion by 5.7% in the 4th quarter. Atria Investments Inc now owns 3,726 shares of the company's stock worth $328,000 after acquiring an additional 202 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in Skyline Champion by 3.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,745 shares of the company's stock worth $506,000 after acquiring an additional 213 shares during the period.

Skyline Champion Stock Performance

NYSE SKY 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 quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of 31.77 and a beta of 1.37. The firm has a fifty day simple moving average of $88.57 and a two-hundred day simple moving average of $94.17. Skyline Champion Co. has a fifty-two week low of $64.82 and a fifty-two week high of $116.49.

Analysts Set New Price Targets

Several research analysts recently commented on SKY shares. Royal Bank of Canada lifted their target price on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Barclays dropped their target price on shares of 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 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 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.