Rafferty Asset Management LLC Grows Position in Skyline Champion Co. (NYSE:SKY)

Rafferty Asset Management LLC boosted its position in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 51.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,711 shares of the company's stock after acquiring an additional 12,082 shares during the quarter. Rafferty Asset Management LLC owned 0.06% of Skyline Champion worth $3,146,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SKY. Point72 Asset Management L.P. increased its position in Skyline Champion by 204.7% in the fourth quarter. Point72 Asset Management L.P. now owns 21,636 shares of the company's stock worth $1,906,000 after buying an additional 14,536 shares in the last quarter. ProShare Advisors LLC increased its position in Skyline Champion by 59.3% in the fourth quarter. ProShare Advisors LLC now owns 16,151 shares of the company's stock worth $1,423,000 after buying an additional 6,012 shares in the last quarter. Man Group plc increased its position in Skyline Champion by 81.0% in the fourth 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. increased its position in Skyline Champion by 4.0% in the fourth 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. Finally, Jacobs Levy Equity Management Inc. increased its position in Skyline Champion by 6.1% in the fourth 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.

Skyline Champion Price Performance

Shares of NYSE:SKY traded down $1.57 during trading on Friday, hitting $84.09. 702,271 shares of the company's stock were exchanged, compared to its average volume of 542,993. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74. Skyline Champion Co. has a 52-week low of $64.82 and a 52-week high of $116.49. The business's 50-day simple moving average is $87.99 and its 200 day simple moving average is $94.01. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 29.61 and a beta of 1.37.

Analyst Ratings Changes

A number of brokerages have commented on SKY. Royal Bank of Canada upped their price target 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 reduced their price target 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. According to data from MarketBeat, Skyline Champion presently has a consensus rating of "Hold" and a consensus 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.