Mesirow Financial Investment Management Inc. Has $313,000 Stake in Skyline Champion Co. (NYSE:SKY)

Mesirow Financial Investment Management Inc. decreased its position in Skyline Champion Co. (NYSE:SKY) by 23.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 3,685 shares of the company’s stock after selling 1,115 shares during the period. Skyline Champion makes up approximately 1.6% of Mesirow Financial Investment Management Inc.’s holdings, making the stock its 24th biggest position. Mesirow Financial Investment Management Inc.’s holdings in Skyline Champion were worth $313,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Skyline Champion during the fourth quarter valued at about $34,476,000. Kornitzer Capital Management Inc. KS bought a new stake in shares of Skyline Champion during the fourth quarter worth about $11,383,000. Burgundy Asset Management Ltd. increased its position in shares of Skyline Champion by 22.7% during the fourth quarter. Burgundy Asset Management Ltd. now owns 736,477 shares of the company’s stock worth $54,691,000 after acquiring an additional 136,071 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Skyline Champion by 15.0% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 808,487 shares of the company’s stock worth $68,730,000 after acquiring an additional 105,330 shares in the last quarter. Finally, Ranger Investment Management L.P. increased its position in shares of Skyline Champion by 34.8% during the fourth quarter. Ranger Investment Management L.P. now owns 362,022 shares of the company’s stock worth $26,884,000 after acquiring an additional 93,391 shares in the last quarter.

Insider Buying and Selling at Skyline Champion

In related news, insider Timothy Mark Larson sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $71.98, for a total transaction of $251,930.00. Following the sale, the insider now directly owns 48,800 shares in the company, valued at approximately $3,512,624. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Timothy Mark Larson sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $71.98, for a total transaction of $251,930.00. Following the sale, the insider now directly owns 48,800 shares in the company, valued at approximately $3,512,624. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph A. Kimmell sold 10,042 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $70.12, for a total transaction of $704,145.04. Following the sale, the executive vice president now owns 47,262 shares in the company, valued at $3,314,011.44. The disclosure for this sale can be found here. Corporate insiders own 6.90% of the company’s stock.

Skyline Champion Stock Up 1.4 %

SKY stock traded up $0.91 during trading on Wednesday, reaching $66.91. The stock had a trading volume of 213,977 shares, compared to its average volume of 312,392. Skyline Champion Co. has a one year low of $52.12 and a one year high of $86.71. The company has a quick ratio of 1.54, a current ratio of 2.36 and a debt-to-equity ratio of 0.02. The company’s 50 day moving average is $73.20 and its two-hundred day moving average is $75.75. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of 25.98 and a beta of 1.57.

Skyline Champion (NYSE:SKY) last released its earnings results on Tuesday, May 21st. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). The company had revenue of $536.36 million during the quarter, compared to analysts’ expectations of $560.90 million. Skyline Champion had a net margin of 7.24% and a return on equity of 13.32%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.00 earnings per share. Equities research analysts forecast that Skyline Champion Co. will post 2.76 EPS for the current year.

Analyst Upgrades and Downgrades

SKY has been the subject of several recent research reports. Barclays decreased their target price on shares of Skyline Champion from $76.00 to $68.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 29th. 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, May 23rd. StockNews.com downgraded shares of Skyline Champion from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd. Craig Hallum reduced their price objective 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, May 23rd. Finally, Wedbush reaffirmed a “neutral” rating and issued a $72.00 price objective on shares of Skyline Champion in a research report on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Skyline Champion presently has a consensus rating of “Hold” and an average target price of $70.80.

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.