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

ProShare Advisors LLC increased its stake 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 fund owned 16,151 shares of the company's stock after buying an additional 6,012 shares during the quarter. ProShare Advisors LLC's holdings in Skyline Champion were worth $1,423,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings 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 valued at $523,578,000 after buying an additional 876,712 shares during the last quarter. Capital World Investors grew its holdings 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 valued at $232,484,000 after buying an additional 632,718 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Skyline Champion by 17.2% during the fourth quarter. Ameriprise Financial Inc. now owns 1,646,482 shares of the company's stock valued at $145,055,000 after buying an additional 241,326 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Skyline Champion by 2.9% during the fourth quarter. American Century Companies Inc. now owns 1,411,769 shares of the company's stock valued at $124,377,000 after buying an additional 39,262 shares during the last quarter. Finally, Capital Research Global Investors purchased a new stake in shares of Skyline Champion during the fourth quarter valued at $98,978,000.

Analyst Ratings Changes

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

Skyline Champion Price Performance

Shares of Skyline Champion stock traded down $1.57 during trading hours on Friday, reaching $84.09. The stock had a trading volume of 702,271 shares, compared to its average volume of 542,993. The stock's 50 day moving average is $87.99 and its 200 day moving average is $93.99. The firm has a market capitalization of $4.82 billion, a PE ratio of 29.61 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 company has a current ratio of 2.59, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02.

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.