Price T Rowe Associates Inc. MD Sells 5,589 Shares of Skyline Champion Co. (NYSE:SKY)

Price T Rowe Associates Inc. MD lessened its stake in Skyline Champion Co. (NYSE:SKY - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 363,539 shares of the company's stock after selling 5,589 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.63% of Skyline Champion worth $32,029,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SkyView Investment Advisors LLC increased its stake in Skyline Champion by 2.2% in the third quarter. SkyView Investment Advisors LLC now owns 6,243 shares of the company's stock valued at $592,000 after acquiring an additional 132 shares during the last quarter. Ulland Investment Advisors LLC lifted its position in Skyline Champion by 0.3% in the 4th quarter. Ulland Investment Advisors LLC now owns 52,610 shares of the company's stock worth $4,635,000 after buying an additional 171 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in Skyline Champion by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,613 shares of the company's stock worth $495,000 after buying an additional 178 shares in the last quarter. HighTower Advisors LLC grew its position in Skyline Champion by 3.7% during the fourth quarter. HighTower Advisors LLC now owns 5,019 shares of the company's stock valued at $442,000 after acquiring an additional 180 shares during the last quarter. Finally, Atria Investments Inc raised its stake in shares of Skyline Champion by 5.7% during the fourth quarter. Atria Investments Inc now owns 3,726 shares of the company's stock worth $328,000 after acquiring an additional 202 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Barclays reduced 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. Royal Bank of Canada lifted their price objective on Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $88.40.

Skyline Champion Trading Down 1.1 %

NYSE:SKY traded down $0.96 during midday trading on Tuesday, reaching $87.20. 31,563 shares of the stock traded hands, compared to its average volume of 533,830. The stock has a market capitalization of $4.99 billion, a P/E ratio of 30.87 and a beta of 1.37. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49. 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 company has a fifty day moving average of $90.09 and a 200 day moving average of $94.16.

Skyline Champion (NYSE:SKY - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.24. Skyline Champion had a net margin of 6.80% and a return on equity of 13.80%. On average, research analysts predict that Skyline Champion Co. will post 3.63 EPS for the current year.

Insider Buying and Selling at Skyline Champion

In other Skyline Champion news, VP Timothy A. Burkhardt sold 3,823 shares of the company's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total value of $408,564.01. Following the completion of the transaction, the vice president now directly owns 32,706 shares in the company, valued at approximately $3,495,290.22. This represents a 10.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $104.21, for a total transaction of $451,750.35. Following the sale, the executive vice president now directly owns 39,411 shares in the company, valued at $4,107,020.31. The trade was a 9.91 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by corporate insiders.

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.