Point72 Asset Management L.P. Has $1.91 Million Holdings in Skyline Champion Co. (NYSE:SKY)

Point72 Asset Management L.P. increased its holdings in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 204.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,636 shares of the company's stock after acquiring an additional 14,536 shares during the period. Point72 Asset Management L.P.'s holdings in Skyline Champion were worth $1,906,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. ProShare Advisors LLC grew its position in Skyline Champion by 59.3% during the 4th quarter. ProShare Advisors LLC now owns 16,151 shares of the company's stock worth $1,423,000 after acquiring an additional 6,012 shares during the last quarter. Man Group plc lifted its holdings in Skyline Champion by 81.0% during the 4th quarter. Man Group plc now owns 200,476 shares of the company's stock worth $17,662,000 after buying an additional 89,725 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in 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 buying an additional 1,178 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in 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 buying an additional 12,950 shares in the last quarter. Finally, Graham Capital Management L.P. lifted its holdings in 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 buying an additional 4,343 shares in the last quarter.

Skyline Champion Trading Down 14.3%

Shares of SKY stock traded down $12.05 during trading hours on Tuesday, reaching $72.21. The company had a trading volume of 724,012 shares, compared to its average volume of 543,945. The company has a 50 day moving average of $87.76 and a 200 day moving average of $93.92. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 25.35 and a beta of 1.37. Skyline Champion Co. has a 1-year low of $64.82 and a 1-year high of $116.49.

Skyline Champion (NYSE:SKY - Get Free Report) last posted its quarterly earnings results on Tuesday, May 27th. The company reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.75 by ($0.10). Skyline Champion had a net margin of 6.80% and a return on equity of 13.80%. The company's quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the company posted $0.62 earnings per share. On average, equities research analysts anticipate that Skyline Champion Co. will post 3.63 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Barclays reduced their price objective on Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada upped their price objective on Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $88.40.

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.