Should You Consider Buying the Shares of Skyline Champion (SKY)?

Wasatch Global Investors, an investment management firm, published its “Wasatch Small Cap Value Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. The Wasatch Small Cap Value Fund—Investor Class gained 6.60% in the fourth quarter of 2021 and outperformed its benchmark. For the one-year period ended December 31, 2021, the Fund gained 25.38%. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Wasatch Small Cap Value Fund, in its Q4 2021 investor letter, mentioned Skyline Champion Corporation (NYSE: SKY) and discussed its stance on the firm. Skyline Champion Corporation is a Troy, Michigan-based manufactured home company with a $3.6 billion market capitalization. SKY delivered a -19.28% return since the beginning of the year, while its 12-month returns are up by 45.05%. The stock closed at $63.75 per share on March 07, 2022.

Here is what Wasatch Small Cap Value Fund has to say about Skyline Champion Corporation in its Q4 2021 investor letter:

“Manufactured-housing producer Skyline Champion Corp. (SKY) also helped the Fund’s results. Skyline has executed well and has benefited from simplification of its product line. Broader industry trends, such as rising housing demand and improved financing for lower-income buyers, were additional tailwinds for Skyline’s stock.”

Photo by Blake Wheeler on Unsplash

Our calculations show that Skyline Champion Corporation (NYSE: SKY) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. SKY was in 33 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 26 funds in the previous quarter. Skyline Champion Corporation (NYSE: SKY) delivered a -22.25% return in the past 3 months.

In September 2021, we also shared another hedge fund’s views on SKY in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.