Ulland Investment Advisors LLC Grows Stock Holdings in Skyline Champion Co. (NYSE:SKY)

Ulland Investment Advisors LLC grew its holdings in Skyline Champion Co. (NYSE:SKY) by 0.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,610 shares of the company’s stock after buying an additional 171 shares during the period. Skyline Champion makes up 3.0% of Ulland Investment Advisors LLC’s portfolio, making the stock its 12th largest holding. Ulland Investment Advisors LLC owned approximately 0.09% of Skyline Champion worth $4,635,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. grew its position in Skyline Champion by 2.8% in the second quarter. Envestnet Asset Management Inc. now owns 27,345 shares of the company’s stock worth $1,853,000 after acquiring an additional 737 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Skyline Champion by 38.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 42,700 shares of the company’s stock valued at $2,893,000 after purchasing an additional 11,900 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Skyline Champion by 0.5% in the 2nd quarter. Sei Investments Co. now owns 184,755 shares of the company’s stock worth $12,517,000 after purchasing an additional 955 shares during the period. Marshall Wace LLP purchased a new position in shares of Skyline Champion in the 2nd quarter worth approximately $1,253,000. Finally, Squarepoint Ops LLC purchased a new stake in Skyline Champion during the 2nd quarter valued at $327,000.

Analysts Set New Price Targets

Several research analysts have commented on SKY shares. Jefferies Financial Group lifted their price objective on shares of Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Barclays lifted their price target on shares of Skyline Champion from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Craig Hallum increased their price objective on shares of Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada raised their price objective on shares of Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $85.40.

Skyline Champion Trading Down 1.8 %

SKY stock opened at $90.58 on Tuesday. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49. The firm’s 50-day moving average is $96.62 and its 200 day moving average is $90.58. The company has a market capitalization of $5.20 billion, a PE ratio of 34.97 and a beta of 1.63. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.42 and a quick ratio of 1.64.

Skyline Champion (NYSE:SKY) last issued its earnings results on Monday, October 28th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.32. The business had revenue of $616.88 million for the quarter, compared to analyst estimates of $600.52 million. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. The company’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same period last year, the company posted $0.82 earnings per share. On average, research analysts anticipate that Skyline Champion Co. will post 3.43 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.