Mutual of America Capital Management LLC Buys 44,276 Shares of Skyline Champion Co. (NYSE:SKY)

Mutual of America Capital Management LLC boosted its position in Skyline Champion Co. (NYSE:SKY - Free Report) by 106.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 85,986 shares of the company's stock after purchasing an additional 44,276 shares during the period. Mutual of America Capital Management LLC owned approximately 0.15% of Skyline Champion worth $6,385,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SKY. Thrivent Financial for Lutherans grew its stake in shares of Skyline Champion by 230.9% in the 1st quarter. Thrivent Financial for Lutherans now owns 1,119,551 shares of the company's stock worth $84,224,000 after purchasing an additional 781,209 shares during the last quarter. Norges Bank acquired a new position in Skyline Champion in the fourth quarter worth approximately $29,368,000. Wellington Management Group LLP increased its holdings in shares of Skyline Champion by 6.1% in the first quarter. Wellington Management Group LLP now owns 5,864,485 shares of the company's stock valued at $321,842,000 after buying an additional 335,974 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Skyline Champion by 106.2% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 601,892 shares of the company's stock valued at $38,353,000 after buying an additional 310,065 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Skyline Champion by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 5,901,968 shares of the company's stock valued at $312,037,000 after acquiring an additional 275,120 shares during the last quarter.

Analyst Upgrades and Downgrades

SKY has been the subject of a number of recent analyst reports. Royal Bank of Canada increased their price target on Skyline Champion from $69.00 to $73.00 and gave the company a "sector perform" rating in a research report on Wednesday, February 7th. Wedbush reiterated a "neutral" rating and issued a $72.00 target price on shares of Skyline Champion in a report on Tuesday, February 6th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $71.40.

Skyline Champion Stock Performance

Shares of NYSE:SKY traded down $0.76 during trading on Friday, reaching $79.19. The stock had a trading volume of 187,926 shares, compared to its average volume of 273,984. The company has a quick ratio of 1.71, a current ratio of 2.56 and a debt-to-equity ratio of 0.02. The stock has a fifty day simple moving average of $81.60 and a two-hundred day simple moving average of $70.69. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of 22.69 and a beta of 1.53. Skyline Champion Co. has a 52 week low of $52.12 and a 52 week high of $86.71.

Skyline Champion (NYSE:SKY - Get Free Report) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.12. The business had revenue of $559.46 million for the quarter, compared to the consensus estimate of $505.20 million. Skyline Champion had a net margin of 10.19% and a return on equity of 15.45%. As a group, analysts anticipate that Skyline Champion Co. will post 3.19 earnings per share for the current fiscal year.

Skyline Champion Company 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.