Man Group plc Boosts Stake in Skyline Champion Co. (NYSE:SKY)

Man Group plc increased its stake in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 81.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 200,476 shares of the company's stock after acquiring an additional 89,725 shares during the quarter. Man Group plc owned about 0.35% of Skyline Champion worth $17,662,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

SKY has been the subject of a number of research reports. Barclays lowered their target price on Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada upped their target price on shares of Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a research report on Thursday, February 6th. 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, Skyline Champion presently has an average rating of "Hold" and a consensus target price of $88.40.

Skyline Champion Trading Down 1.6%

SKY traded down $1.37 during trading on Thursday, reaching $86.14. The company had a trading volume of 48,161 shares, compared to its average volume of 541,998. 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 business has a 50 day simple moving average of $88.29 and a 200-day simple moving average of $94.08. The stock has a market cap of $4.93 billion, a P/E ratio of 30.34 and a beta of 1.37. Skyline Champion Co. has a 52 week low of $64.82 and a 52 week high of $116.49.

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.