Dimensional Fund Advisors LP Acquires 81,823 Shares of Skyline Champion Co. (NYSE:SKY)

Dimensional Fund Advisors LP raised its holdings in Skyline Champion Co. (NYSE:SKY - Free Report) by 6.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,310,969 shares of the company's stock after purchasing an additional 81,823 shares during the period. Dimensional Fund Advisors LP owned about 2.28% of Skyline Champion worth $97,356,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SKY. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Skyline Champion by 106.2% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 601,892 shares of the company's stock valued at $38,353,000 after acquiring an additional 310,065 shares during the last quarter. William Blair Investment Management LLC increased its holdings in shares of Skyline Champion by 19.1% in the 3rd quarter. William Blair Investment Management LLC now owns 1,112,034 shares of the company's stock valued at $70,859,000 after acquiring an additional 178,099 shares during the last quarter. Kornitzer Capital Management Inc. KS bought a new stake in shares of Skyline Champion in the 4th quarter valued at approximately $11,383,000. Cerity Partners LLC increased its holdings in shares of Skyline Champion by 1,363.7% in the 4th quarter. Cerity Partners LLC now owns 81,293 shares of the company's stock valued at $6,037,000 after acquiring an additional 75,739 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Skyline Champion by 18.6% in the 4th quarter. Victory Capital Management Inc. now owns 423,213 shares of the company's stock valued at $31,428,000 after acquiring an additional 66,293 shares during the last quarter.

Skyline Champion Stock Performance

SKY stock traded down $5.71 during trading on Wednesday, reaching $71.97. 961,553 shares of the company's stock were exchanged, compared to its average volume of 280,039. The company has a quick ratio of 1.71, a current ratio of 2.56 and a debt-to-equity ratio of 0.02. Skyline Champion Co. has a 1-year low of $52.12 and a 1-year high of $86.71. The company's fifty day moving average price is $79.40 and its 200-day moving average price is $74.03. The firm has a market cap of $4.16 billion, a PE ratio of 20.62 and a beta of 1.54.

Skyline Champion (NYSE:SKY - Get Free Report) last announced its quarterly earnings results on Tuesday, May 21st. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.05). Skyline Champion had a return on equity of 15.45% and a net margin of 10.19%. The business had revenue of $536.36 million for the quarter, compared to analyst estimates of $560.90 million. During the same quarter last year, the firm posted $1.00 EPS. The company's revenue was up 9.1% compared to the same quarter last year. On average, research analysts expect that Skyline Champion Co. will post 3.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SKY. Wedbush reiterated a "neutral" rating and issued a $72.00 price target on shares of Skyline Champion in a report on Wednesday. Royal Bank of Canada upped their price objective on Skyline Champion from $69.00 to $73.00 and gave the stock a "sector perform" rating in a research note on Wednesday, February 7th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $71.40.

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.