Summit Partners Public Asset Management LLC Increases Stock Holdings in Skyline Champion Co. (NYSE:SKY)

Summit Partners Public Asset Management LLC lifted its stake in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 30.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. 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 approximately 0.9% of Summit Partners Public Asset Management LLC's portfolio, making the stock its 14th biggest position. Summit Partners Public Asset Management LLC owned 0.92% of Skyline Champion worth $46,497,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd purchased a new position in shares of Skyline Champion during the fourth quarter worth about $36,000. Sterling Capital Management LLC raised its holdings 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 valued at $81,000 after buying an additional 794 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Skyline Champion in the fourth quarter valued at about $108,000. Venturi Wealth Management LLC acquired a new stake in shares of Skyline Champion during the fourth quarter worth about $112,000. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Skyline Champion during the fourth quarter worth about $176,000.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Barclays lowered their price objective on shares of Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada lifted their target price on shares of Skyline Champion from $88.00 to $96.00 and gave the company 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 issued a buy rating to the company's stock. Based on data from MarketBeat.com, Skyline Champion has an average rating of "Hold" and an average price target of $88.40.

Skyline Champion Price Performance

Skyline Champion stock traded down $2.51 during mid-day trading on Thursday, reaching $85.00. The company had a trading volume of 182,127 shares, compared to its average volume of 542,543. The stock's 50-day simple moving average is $88.29 and its 200-day simple moving average is $94.08. Skyline Champion Co. has a 1 year low of $64.82 and a 1 year high of $116.49. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74. The company has a market capitalization of $4.87 billion, a P/E ratio of 29.91 and a beta of 1.37.

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.