Driehaus Capital Management LLC Has $12.13 Million Holdings in Skyline Champion Co. (NYSE:SKY)

Driehaus Capital Management LLC trimmed its holdings in Skyline Champion Co. (NYSE:SKY) by 27.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 179,017 shares of the company’s stock after selling 68,909 shares during the period. Driehaus Capital Management LLC owned about 0.31% of Skyline Champion worth $12,128,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Goldman Sachs Group Inc. grew its position in shares of Skyline Champion by 9.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 225,410 shares of the company’s stock valued at $16,739,000 after purchasing an additional 19,438 shares during the period. UBS Group AG boosted its holdings in shares of Skyline Champion by 46.0% in the fourth quarter. UBS Group AG now owns 81,214 shares of the company’s stock valued at $6,031,000 after buying an additional 25,592 shares during the period. SG Americas Securities LLC bought a new stake in shares of Skyline Champion during the first quarter worth $791,000. Bessemer Group Inc. raised its holdings in shares of Skyline Champion by 7.0% during the first quarter. Bessemer Group Inc. now owns 156,782 shares of the company’s stock worth $13,328,000 after acquiring an additional 10,251 shares during the period. Finally, Intrinsic Edge Capital Management LLC lifted its position in Skyline Champion by 53.4% in the 4th quarter. Intrinsic Edge Capital Management LLC now owns 132,706 shares of the company’s stock valued at $9,855,000 after acquiring an additional 46,181 shares in the last quarter.

Insider Transactions at Skyline Champion

In other news, Director Mak Capital One Llc sold 40,000 shares of Skyline Champion stock in a transaction on Friday, September 6th. The stock was sold at an average price of $88.87, for a total value of $3,554,800.00. Following the transaction, the director now owns 2,716,500 shares in the company, valued at approximately $241,415,355. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Skyline Champion news, Director Mak Capital One Llc sold 40,000 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $88.87, for a total transaction of $3,554,800.00. Following the completion of the sale, the director now directly owns 2,716,500 shares in the company, valued at approximately $241,415,355. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Erin Mulligan Nelson sold 1,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $83.18, for a total transaction of $83,180.00. Following the transaction, the director now owns 5,170 shares in the company, valued at approximately $430,040.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 163,636 shares of company stock valued at $14,582,253. 6.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SKY shares. Wedbush reiterated a “neutral” rating and set a $64.00 target price on shares of Skyline Champion in a report on Wednesday, August 7th. Barclays lifted their target price on Skyline Champion from $68.00 to $85.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Royal Bank of Canada raised their price objective on Skyline Champion from $68.00 to $82.00 and gave the company a “sector perform” rating in a report on Thursday, August 8th. Finally, StockNews.com raised Skyline Champion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Skyline Champion presently has a consensus rating of “Hold” and a consensus target price of $78.75.

Skyline Champion Trading Up 0.5 %

Shares of Skyline Champion stock opened at $94.30 on Monday. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 37.13 and a beta of 1.58. The business has a fifty day simple moving average of $87.27 and a two-hundred day simple moving average of $79.49. Skyline Champion Co. has a 1 year low of $52.12 and a 1 year high of $97.22. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.33 and a quick ratio of 1.57.

Skyline Champion (NYSE:SKY) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.22. Skyline Champion had a return on equity of 13.07% and a net margin of 6.45%. The business had revenue of $627.80 million during the quarter, compared to the consensus estimate of $600.39 million. During the same period in the previous year, the company posted $0.89 EPS. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. Research analysts forecast that Skyline Champion Co. will post 3.01 EPS for the current year.

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.