Ulland Investment Advisors LLC Has $4.42 Million Stock Holdings in Skyline Champion Co. (NYSE:SKY)

Ulland Investment Advisors LLC decreased its position in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 11.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 46,645 shares of the company's stock after selling 5,965 shares during the quarter. Skyline Champion makes up approximately 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 filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Skyline Champion by 17.3% during the 4th quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company's stock worth $523,578,000 after purchasing an additional 876,712 shares in the last quarter. Capital World Investors increased its holdings in 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 purchasing an additional 632,718 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Skyline Champion by 17.2% during the 4th quarter. Ameriprise Financial Inc. now owns 1,646,482 shares of the company's stock worth $145,055,000 after purchasing an additional 241,326 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Skyline Champion by 2.9% in the 4th quarter. American Century Companies Inc. now owns 1,411,769 shares of the company's stock valued at $124,377,000 after acquiring an additional 39,262 shares in the last quarter. Finally, Capital Research Global Investors bought a new position in shares of Skyline Champion in the 4th quarter valued at about $98,978,000.

Skyline Champion Stock Performance

Shares of NYSE:SKY traded down $3.43 during mid-day trading on Friday, reaching $61.34. The company had a trading volume of 705,425 shares, compared to its average volume of 592,261. The company's 50-day moving average price is $80.18 and its 200-day moving average price is $90.65. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 21.60 and a beta of 1.19. Skyline Champion Co. has a one year low of $61.28 and a one year 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.

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

Skyline Champion declared that its Board of Directors has approved a stock buyback plan on Friday, May 30th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms have recently issued reports on SKY. Royal Bank of Canada cut their price objective on Skyline Champion from $96.00 to $82.00 and set a "sector perform" rating for the company in a research report on Wednesday, May 28th. Barclays cut their price target on Skyline Champion from $97.00 to $72.00 and set an "equal weight" rating for the company in a report on Wednesday, May 28th. Finally, Zelman & Associates raised 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 assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price 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.