UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 17,291 Shares of Skyline Champion Co. (NYSE:SKY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 16.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 122,804 shares of the company's stock after purchasing an additional 17,291 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of Skyline Champion worth $10,819,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Capital Research Global Investors bought a new position in shares of Skyline Champion in the 4th quarter worth $98,978,000. Vanguard Group Inc. boosted its holdings in 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 during the last quarter. Norges Bank bought a new position in 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 4th 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 during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Skyline Champion by 5,843.2% in the 4th quarter. Principal Financial Group Inc. now owns 256,924 shares of the company's stock valued at $22,635,000 after acquiring an additional 252,601 shares during the last quarter.

Skyline Champion Stock Up 2.5%

NYSE SKY traded up $1.61 during trading on Tuesday, hitting $65.11. The stock had a trading volume of 814,154 shares, compared to its average volume of 575,132. Skyline Champion Co. has a 12 month low of $63.13 and a 12 month high of $116.49. 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's 50-day moving average price is $84.73 and its two-hundred day moving average price is $92.85. The company has a market capitalization of $3.73 billion, a PE ratio of 22.93 and a beta of 1.37.

Skyline Champion (NYSE:SKY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 27th. The company reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.10). The business had revenue of $593.87 million during the quarter, compared to the consensus estimate of $595.42 million. Skyline Champion had a return on equity of 13.80% and a net margin of 6.80%. The business's revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 EPS. As a group, sell-side analysts forecast that Skyline Champion Co. will post 3.63 EPS for the current year.

Skyline Champion announced that its board has initiated a stock repurchase program on Friday, May 30th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 1.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Royal Bank of Canada reduced their price objective on shares of Skyline Champion from $96.00 to $82.00 and set a "sector perform" rating on the stock in a research note on Wednesday, May 28th. Barclays cut their target price on shares of Skyline Champion from $97.00 to $72.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 28th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Skyline Champion has a consensus rating of "Hold" and a consensus 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.