Summit Partners Public Asset Management LLC Has $46.50 Million Holdings in Skyline Champion Co. (NYSE:SKY)

Summit Partners Public Asset Management LLC boosted its holdings in Skyline Champion Co. (NYSE:SKY - Free Report) by 30.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 527,770 shares of the company's stock after buying an additional 123,097 shares during the quarter. Skyline Champion makes up 0.9% of Summit Partners Public Asset Management LLC's holdings, making the stock its 14th biggest holding. Summit Partners Public Asset Management LLC owned approximately 0.92% of Skyline Champion worth $46,497,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in Skyline Champion by 80.7% in the fourth quarter. Bank of New York Mellon Corp now owns 351,060 shares of the company's stock valued at $30,928,000 after purchasing an additional 156,757 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Skyline Champion during the fourth quarter worth about $712,000. Van ECK Associates Corp raised its position in shares of Skyline Champion by 21.8% during the fourth quarter. Van ECK Associates Corp now owns 40,108 shares of the company's stock worth $3,534,000 after acquiring an additional 7,184 shares during the last quarter. Rhumbline Advisers raised its position in shares of Skyline Champion by 85.0% during the fourth quarter. Rhumbline Advisers now owns 151,781 shares of the company's stock worth $13,372,000 after acquiring an additional 69,756 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Skyline Champion during the fourth quarter worth about $1,692,000.

Skyline Champion Stock Up 1.1%

Shares of NYSE:SKY opened at $92.14 on Friday. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 32.44 and a beta of 1.37. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. Skyline Champion Co. has a 12-month low of $64.82 and a 12-month high of $116.49. The business's 50 day moving average is $88.57 and its 200 day moving average is $94.10.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Barclays lowered their price objective 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 raised their price objective on Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $88.40.

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.

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