Ulland Investment Advisors LLC Sells 5,965 Shares of Skyline Champion Co. (NYSE:SKY)

Ulland Investment Advisors LLC trimmed its holdings in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 11.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,645 shares of the company's stock after selling 5,965 shares during the period. Skyline Champion accounts for about 3.7% of Ulland Investment Advisors LLC's holdings, making the stock its 8th largest holding. Ulland Investment Advisors LLC owned about 0.08% of Skyline Champion worth $4,420,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Summit Investment Advisors Inc. increased its position in shares of Skyline Champion by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,613 shares of the company's stock worth $495,000 after purchasing an additional 178 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Skyline Champion by 3.7% in the 4th quarter. HighTower Advisors LLC now owns 5,019 shares of the company's stock valued at $442,000 after purchasing an additional 180 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in Skyline Champion by 3.6% in the 4th quarter. Two Sigma Advisers LP now owns 5,800 shares of the company's stock valued at $511,000 after purchasing an additional 200 shares in the last quarter. Atria Investments Inc boosted its holdings in Skyline Champion by 5.7% in the 4th quarter. Atria Investments Inc now owns 3,726 shares of the company's stock valued at $328,000 after purchasing an additional 202 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Skyline Champion by 3.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,745 shares of the company's stock valued at $506,000 after purchasing an additional 213 shares in the last quarter.

Skyline Champion Stock Down 1.3%

NYSE SKY traded down $0.88 during trading hours on Thursday, hitting $64.62. The company had a trading volume of 835,711 shares, compared to its average volume of 589,648. Skyline Champion Co. has a fifty-two week low of $63.13 and a fifty-two week high of $116.49. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 22.75 and a beta of 1.19. 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's 50 day moving average is $80.96 and its 200 day moving average is $91.30.

Skyline Champion (NYSE:SKY - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $593.87 million during the quarter, compared to analysts' expectations of $595.42 million. Skyline Champion had a net margin of 6.80% and a return on equity of 13.80%. The business's quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 earnings per share. Sell-side analysts anticipate that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

Skyline Champion declared that its Board of Directors has approved 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 reacquire up to 1.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SKY shares. Royal Bank of Canada decreased their price target on 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 reduced their target price on Skyline Champion from $97.00 to $72.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 28th. Finally, Zelman & Associates upgraded Skyline Champion from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $80.60.

Skyline Champion 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.