Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Skyline Champion Co. (NYSE:SKY)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Skyline Champion Co. (NYSE:SKY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 100,259 shares of the company's stock, valued at approximately $8,833,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.18% of Skyline Champion as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd bought a new stake in shares of Skyline Champion during the fourth quarter worth $36,000. Sterling Capital Management LLC raised its stake in shares of Skyline Champion by 645.5% in the 4th quarter. Sterling Capital Management LLC now owns 917 shares of the company's stock valued at $81,000 after purchasing an additional 794 shares during the period. Headlands Technologies LLC bought a new stake in shares of Skyline Champion in the fourth quarter valued at about $108,000. Venturi Wealth Management LLC acquired a new position in shares of Skyline Champion during the fourth quarter worth about $112,000. Finally, New Age Alpha Advisors LLC bought a new position in shares of Skyline Champion during the fourth quarter worth about $176,000.

Analyst Upgrades and Downgrades

Several research firms have commented on SKY. Royal Bank of Canada cut their target price 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 shares of Skyline Champion from $97.00 to $72.00 and set an "equal weight" rating for the company in a report on Wednesday, May 28th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $80.60.

Skyline Champion Stock Down 0.5%

Shares of NYSE SKY traded down $0.30 during trading hours on Wednesday, hitting $64.68. The company had a trading volume of 387,146 shares, compared to its average volume of 577,440. Skyline Champion Co. has a 1-year low of $63.13 and a 1-year high of $116.49. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. The firm's 50 day moving average is $84.10 and its 200-day moving average is $92.66. The stock has a market capitalization of $3.71 billion, a P/E ratio of 22.77 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 firm had revenue of $593.87 million during the quarter, compared to the consensus estimate of $595.42 million. Skyline Champion had a net margin of 6.80% and a return on equity of 13.80%. The business's revenue was up .7% on a year-over-year basis. During the same period last year, the business earned $0.62 EPS. On average, analysts expect that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

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

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.