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

Ulland Investment Advisors LLC lifted its holdings in Skyline Champion Co. (NYSE:SKY) by 0.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 52,610 shares of the company’s stock after purchasing an additional 171 shares during the period. Skyline Champion comprises 3.0% of Ulland Investment Advisors LLC’s holdings, making the stock its 12th biggest position. Ulland Investment Advisors LLC’s holdings in Skyline Champion were worth $4,635,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Truvestments Capital LLC bought a new position in Skyline Champion in the third quarter worth approximately $32,000. Quarry LP purchased a new position in shares of Skyline Champion in the 3rd quarter valued at $67,000. nVerses Capital LLC bought a new position in shares of Skyline Champion in the 3rd quarter worth $76,000. MML Investors Services LLC purchased a new stake in shares of Skyline Champion during the 3rd quarter worth $216,000. Finally, CWM LLC boosted its position in Skyline Champion by 7.4% during the third quarter. CWM LLC now owns 2,286 shares of the company’s stock valued at $217,000 after purchasing an additional 158 shares in the last quarter.

Skyline Champion Stock Down 1.8 %

SKY stock opened at $90.58 on Tuesday. The stock has a market capitalization of $5.20 billion, a PE ratio of 34.97 and a beta of 1.63. Skyline Champion Co. has a 52 week low of $64.82 and a 52 week high of $116.49. The company has a quick ratio of 1.64, a current ratio of 2.42 and a debt-to-equity ratio of 0.02. The firm has a 50 day moving average of $96.62 and a 200 day moving average of $90.58.

Skyline Champion (NYSE:SKY) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.61 by $0.32. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. The business had revenue of $616.88 million during the quarter, compared to the consensus estimate of $600.52 million. During the same period in the previous year, the firm posted $0.82 earnings per share. The business’s revenue for the quarter was up 32.9% compared to the same quarter last year. Sell-side analysts forecast that Skyline Champion Co. will post 3.43 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Barclays boosted their target price on shares of Skyline Champion from $85.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Jefferies Financial Group boosted 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. Royal Bank of Canada raised their target price on shares of Skyline Champion from $82.00 to $88.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Finally, Craig Hallum upped their price target on Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $85.40.

Skyline Champion Company 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.