Vaughan Nelson Investment Management L.P. Boosts Stake in Skyline Champion Co. (NYSE:SKY)

Vaughan Nelson Investment Management L.P. boosted its holdings in Skyline Champion Co. (NYSE:SKYFree Report) by 106.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 601,892 shares of the company’s stock after acquiring an additional 310,065 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Skyline Champion were worth $38,353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in SKY. Ameritas Investment Partners Inc. lifted its holdings in shares of Skyline Champion by 3.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,428 shares of the company’s stock worth $290,000 after acquiring an additional 159 shares during the period. Arkadios Wealth Advisors raised its holdings in Skyline Champion by 3.2% in the third quarter. Arkadios Wealth Advisors now owns 5,345 shares of the company’s stock valued at $341,000 after buying an additional 168 shares during the period. Mariner LLC raised its holdings in Skyline Champion by 2.6% in the fourth quarter. Mariner LLC now owns 7,730 shares of the company’s stock valued at $398,000 after buying an additional 197 shares during the period. Orion Portfolio Solutions LLC grew its position in Skyline Champion by 4.9% in the second quarter. Orion Portfolio Solutions LLC now owns 4,295 shares of the company’s stock valued at $281,000 after acquiring an additional 199 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Skyline Champion by 0.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 21,711 shares of the company’s stock valued at $1,118,000 after acquiring an additional 201 shares in the last quarter.

Skyline Champion Price Performance

Skyline Champion stock traded up $1.14 during midday trading on Friday, hitting $80.65. The company’s stock had a trading volume of 202,831 shares, compared to its average volume of 308,269. The company has a quick ratio of 3.27, a current ratio of 2.56 and a debt-to-equity ratio of 0.02. The stock’s 50-day moving average price is $70.57 and its 200-day moving average price is $66.10. Skyline Champion Co. has a 12 month low of $52.12 and a 12 month high of $80.73. The company has a market capitalization of $4.66 billion, a PE ratio of 22.78 and a beta of 1.50.

Analyst Ratings Changes

SKY has been the subject of several recent research reports. Wedbush reaffirmed a “neutral” rating and issued a $72.00 price objective on shares of Skyline Champion in a research report on Tuesday. Barclays raised their price target on shares of Skyline Champion from $61.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. StockNews.com raised shares of Skyline Champion from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Finally, Royal Bank of Canada lifted their price objective on shares of Skyline Champion from $69.00 to $73.00 and gave the stock a “sector perform” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Skyline Champion currently has an average rating of “Hold” and a consensus price target of $71.40.

View Our Latest Research Report on Skyline Champion

Insiders Place Their Bets

In other news, Director Keith A. Anderson sold 18,750 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $73.00, for a total transaction of $1,368,750.00. Following the sale, the director now owns 238,098 shares in the company, valued at $17,381,154. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.00% of the stock is owned by company insiders.

About Skyline Champion

(Free Report)

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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Institutional Ownership by Quarter for Skyline Champion (NYSE:SKY)

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