Envestnet Portfolio Solutions Inc. Sells 189 Shares of Skyline Champion Co. (NYSE:SKY)

Envestnet Portfolio Solutions Inc. decreased its stake in shares of Skyline Champion Co. (NYSE:SKY) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,202 shares of the company’s stock after selling 189 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Skyline Champion were worth $238,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in shares of Skyline Champion by 6.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,310,969 shares of the company’s stock worth $97,356,000 after acquiring an additional 81,823 shares in the last quarter. William Blair Investment Management LLC grew its position in Skyline Champion by 19.1% in the third quarter. William Blair Investment Management LLC now owns 1,112,034 shares of the company’s stock valued at $70,859,000 after purchasing an additional 178,099 shares in the last quarter. Ameriprise Financial Inc. grew its position in Skyline Champion by 0.7% in the third quarter. Ameriprise Financial Inc. now owns 1,058,324 shares of the company’s stock valued at $67,432,000 after purchasing an additional 7,855 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in Skyline Champion by 16.8% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 703,157 shares of the company’s stock valued at $52,217,000 after purchasing an additional 101,265 shares in the last quarter. Finally, Burgundy Asset Management Ltd. grew its position in Skyline Champion by 5.7% in the third quarter. Burgundy Asset Management Ltd. now owns 600,406 shares of the company’s stock valued at $38,258,000 after purchasing an additional 32,480 shares in the last quarter.

Skyline Champion Stock Performance

Shares of SKY stock opened at $71.68 on Friday. The stock has a market cap of $4.14 billion, a P/E ratio of 28.22 and a beta of 1.54. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.56 and a quick ratio of 1.71. The company has a fifty day moving average price of $79.04 and a two-hundred day moving average price of $74.24. Skyline Champion Co. has a one year low of $52.12 and a one year high of $86.71.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings results on Tuesday, May 21st. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). The firm had revenue of $536.36 million during the quarter, compared to analyst estimates of $560.90 million. Skyline Champion had a net margin of 7.24% and a return on equity of 13.50%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 EPS. As a group, equities analysts predict that Skyline Champion Co. will post 3.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SKY shares. StockNews.com downgraded shares of Skyline Champion from a “hold” rating to a “sell” rating in a research report on Thursday. Royal Bank of Canada decreased their target price on shares of Skyline Champion from $73.00 to $68.00 and set a “sector perform” rating for the company in a research report on Thursday. Craig Hallum decreased their target price on shares of Skyline Champion from $88.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Wedbush reaffirmed a “neutral” rating and issued a $72.00 target price on shares of Skyline Champion in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $71.00.

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.