Skyline Champion Co. (NYSE:SKY) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC grew its holdings in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 59.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,151 shares of the company's stock after purchasing an additional 6,012 shares during the period. ProShare Advisors LLC's holdings in Skyline Champion were worth $1,423,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SKY. Capital Research Global Investors purchased a new stake in Skyline Champion during the fourth quarter worth about $98,978,000. Vanguard Group Inc. grew its position in shares of Skyline Champion by 17.3% during the fourth quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company's stock worth $523,578,000 after buying an additional 876,712 shares in the last quarter. Norges Bank acquired a new position in shares of Skyline Champion during the fourth quarter worth about $69,346,000. Capital World Investors grew its position in shares of Skyline Champion by 31.5% during the fourth quarter. Capital World Investors now owns 2,638,862 shares of the company's stock worth $232,484,000 after buying an additional 632,718 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Skyline Champion by 5,843.2% during the fourth quarter. Principal Financial Group Inc. now owns 256,924 shares of the company's stock worth $22,635,000 after buying an additional 252,601 shares in the last quarter.

Skyline Champion Stock Down 14.3%

SKY traded down $12.09 on Tuesday, reaching $72.17. The company's stock had a trading volume of 724,012 shares, compared to its average volume of 543,945. The stock has a 50 day moving average of $87.76 and a two-hundred day moving average of $93.92. 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 capitalization of $4.13 billion, a price-to-earnings ratio of 25.35 and a beta of 1.37. Skyline Champion Co. has a fifty-two week low of $64.82 and a fifty-two week high of $116.49.

Skyline Champion (NYSE:SKY - Get Free Report) last announced its quarterly earnings results on Tuesday, May 27th. The company reported $0.65 earnings per share (EPS) 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 firm's quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the company earned $0.62 earnings per share. As a group, analysts forecast that Skyline Champion Co. will post 3.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SKY shares. Royal Bank of Canada boosted their price objective on Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Barclays lowered their price objective on Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $88.40.

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.