Bailard Inc. Has $299,000 Stock Holdings in Skyline Champion Co. (NYSE:SKY)

Bailard Inc. reduced its stake in Skyline Champion Co. (NYSE:SKY) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,031 shares of the company’s stock after selling 200 shares during the quarter. Bailard Inc.’s holdings in Skyline Champion were worth $299,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SKY. DekaBank Deutsche Girozentrale acquired a new position in shares of Skyline Champion in the 3rd quarter worth approximately $94,000. GW Henssler & Associates Ltd. bought a new stake in Skyline Champion during the third quarter valued at $202,000. Verdence Capital Advisors LLC acquired a new stake in Skyline Champion during the 3rd quarter worth about $205,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of Skyline Champion in the 3rd quarter worth about $216,000. Finally, Outlook Wealth Advisors LLC acquired a new position in shares of Skyline Champion in the 4th quarter valued at about $231,000.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wedbush reiterated a “neutral” rating and issued a $72.00 target price on shares of Skyline Champion in a report on Tuesday, February 6th. Royal Bank of Canada raised their price target on shares of Skyline Champion from $69.00 to $73.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 7th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $71.40.

Skyline Champion Stock Up 1.3 %

Skyline Champion stock opened at $76.35 on Monday. The company has a current ratio of 2.56, a quick ratio of 1.71 and a debt-to-equity ratio of 0.02. Skyline Champion Co. has a 1-year low of $52.12 and a 1-year high of $86.71. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 21.88 and a beta of 1.53. The firm’s fifty day moving average price is $80.94 and its two-hundred day moving average price is $71.69.

Skyline Champion (NYSE:SKY) last released its quarterly earnings results on Monday, February 5th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.12. The business had revenue of $559.46 million during the quarter, compared to the consensus estimate of $505.20 million. Skyline Champion had a return on equity of 15.45% and a net margin of 10.19%. On average, equities research analysts predict that Skyline Champion Co. will post 3.19 earnings per share for the current fiscal year.

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.