Fort Washington Investment Advisors Inc. OH Has $20.27 Million Position in Skyline Champion Co. (NYSE:SKY)

Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 11.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 213,944 shares of the company's stock after buying an additional 21,480 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.37% of Skyline Champion worth $20,273,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Harvest Fund Management Co. Ltd acquired a new position in Skyline Champion during the fourth quarter valued at approximately $36,000. Sterling Capital Management LLC boosted its holdings in shares of Skyline Champion by 645.5% in the fourth quarter. Sterling Capital Management LLC now owns 917 shares of the company's stock valued at $81,000 after buying an additional 794 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Skyline Champion by 306.0% in the first quarter. GAMMA Investing LLC now owns 1,015 shares of the company's stock valued at $96,000 after buying an additional 765 shares during the period. Headlands Technologies LLC acquired a new position in shares of Skyline Champion in the fourth quarter valued at approximately $108,000. Finally, Venturi Wealth Management LLC acquired a new position in shares of Skyline Champion in the fourth quarter valued at approximately $112,000.

Skyline Champion Stock Up 1.5%

Shares of SKY stock traded up $0.90 during trading on Monday, reaching $62.32. The company's stock had a trading volume of 725,267 shares, compared to its average volume of 592,793. The business has a fifty day moving average price of $79.80 and a 200-day moving average price of $90.27. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 21.94 and a beta of 1.19. Skyline Champion Co. has a one year low of $60.80 and a one year high of $116.49.

Skyline Champion (NYSE:SKY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 27th. The company reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.10). The business had revenue of $593.87 million during the quarter, compared to the consensus estimate of $595.42 million. Skyline Champion had a return on equity of 13.80% and a net margin of 6.80%. The business's revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 EPS. Analysts anticipate that Skyline Champion Co. will post 3.63 earnings per share for the current year.

Skyline Champion announced that its Board of Directors has approved a share buyback program on Friday, May 30th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 1.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SKY. Zelman & Associates upgraded shares of Skyline Champion from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. Barclays reduced their price target on shares of Skyline Champion from $97.00 to $72.00 and set an "equal weight" rating for the company in a report on Wednesday, May 28th. Finally, Royal Bank of Canada reduced their price target on shares of Skyline Champion from $96.00 to $82.00 and set a "sector perform" rating for the company in a report on Wednesday, May 28th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $80.60.

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.