Nuveen Asset Management LLC Sells 40,551 Shares of Skyline Champion Co. (NYSE:SKY)

Nuveen Asset Management LLC trimmed its holdings in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 12.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 283,623 shares of the company's stock after selling 40,551 shares during the period. Nuveen Asset Management LLC owned approximately 0.50% of Skyline Champion worth $24,987,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Skyline Champion by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,548 shares of the company's stock worth $2,691,000 after acquiring an additional 1,178 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of Skyline Champion by 6.1% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 225,527 shares of the company's stock worth $19,869,000 after purchasing an additional 12,950 shares in the last quarter. Graham Capital Management L.P. increased its position in shares of Skyline Champion by 38.4% during the 4th quarter. Graham Capital Management L.P. now owns 15,664 shares of the company's stock worth $1,380,000 after purchasing an additional 4,343 shares in the last quarter. Deutsche Bank AG increased its position in shares of Skyline Champion by 27.5% during the 4th quarter. Deutsche Bank AG now owns 84,123 shares of the company's stock worth $7,411,000 after purchasing an additional 18,144 shares in the last quarter. Finally, Baird Financial Group Inc. acquired a new stake in shares of Skyline Champion during the 4th quarter worth about $288,000.

Skyline Champion Price Performance

SKY traded down $3.17 during midday trading on Wednesday, hitting $67.28. The company had a trading volume of 415,117 shares, compared to its average volume of 551,668. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59. The company has a market capitalization of $3.85 billion, a PE ratio of 23.69 and a beta of 1.37. Skyline Champion Co. has a twelve month low of $64.82 and a twelve month high of $116.49. The firm's 50-day simple moving average is $87.27 and its 200-day simple moving average is $93.76.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on SKY. Barclays dropped their target price on shares of Skyline Champion from $97.00 to $72.00 and set an "equal weight" rating for the company in a research report on Wednesday. Royal Bank of Canada dropped their target price on shares of Skyline Champion from $96.00 to $82.00 and set a "sector perform" rating for the company in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has a consensus 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.