Burgundy Asset Management Ltd. Sells 25,732 Shares of Skyline Champion Co. (NYSE:SKY)

Burgundy Asset Management Ltd. lowered its holdings in Skyline Champion Co. (NYSE:SKY) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 760,351 shares of the company’s stock after selling 25,732 shares during the period. Burgundy Asset Management Ltd.’s holdings in Skyline Champion were worth $66,987,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Summit Investment Advisors Inc. raised its position in shares of Skyline Champion by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,613 shares of the company’s stock valued at $495,000 after buying an additional 178 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Skyline Champion by 3.7% in the 4th quarter. HighTower Advisors LLC now owns 5,019 shares of the company’s stock valued at $442,000 after buying an additional 180 shares in the last quarter. Two Sigma Advisers LP raised its position in shares of Skyline Champion by 3.6% in the 4th quarter. Two Sigma Advisers LP now owns 5,800 shares of the company’s stock valued at $511,000 after buying an additional 200 shares in the last quarter. Atria Investments Inc raised its position in shares of Skyline Champion by 5.7% in the 4th quarter. Atria Investments Inc now owns 3,726 shares of the company’s stock valued at $328,000 after buying an additional 202 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Skyline Champion by 3.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,745 shares of the company’s stock valued at $506,000 after buying an additional 213 shares in the last quarter.

Wall Street Analysts Forecast Growth

SKY has been the subject of several analyst reports. Royal Bank of Canada boosted 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. Barclays dropped their target price on shares of 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. Five 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 presently has an average rating of “Hold” and a consensus target price of $88.40.

Skyline Champion Price Performance

SKY stock opened at $85.36 on Friday. The company has a 50 day simple moving average of $88.13 and a 200 day simple moving average of $94.04. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 30.06 and a beta of 1.37. 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.

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.