Man Group plc Boosts Stock Position in Skyline Champion Co. (NYSE:SKY)

Man Group plc grew its holdings in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 81.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 200,476 shares of the company's stock after buying an additional 89,725 shares during the quarter. Man Group plc owned 0.35% of Skyline Champion worth $17,662,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Skyline Champion by 17.3% in the fourth 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 during the period. Capital World Investors increased its position in shares of Skyline Champion by 31.5% during the fourth quarter. Capital World Investors now owns 2,638,862 shares of the company's stock worth $232,484,000 after acquiring an additional 632,718 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Skyline Champion by 17.2% during the fourth quarter. Ameriprise Financial Inc. now owns 1,646,482 shares of the company's stock valued at $145,055,000 after acquiring an additional 241,326 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Skyline Champion by 2.9% in the fourth quarter. American Century Companies Inc. now owns 1,411,769 shares of the company's stock valued at $124,377,000 after purchasing an additional 39,262 shares during the period. Finally, Capital Research Global Investors bought a new position in Skyline Champion in the fourth quarter worth approximately $98,978,000.

Analysts Set New Price Targets

A number of brokerages have weighed in on SKY. Royal Bank of Canada lifted their target price on Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a research report on Thursday, February 6th. Barclays cut their price target on Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $88.40.

Skyline Champion Stock Down 2.5%

NYSE:SKY traded down $2.24 during trading hours on Wednesday, reaching $87.43. The company's stock had a trading volume of 392,909 shares, compared to its average volume of 543,527. The stock has a 50 day moving average price of $88.43 and a two-hundred day moving average price of $94.13. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59. The company has a market capitalization of $5.01 billion, a P/E ratio of 30.78 and a beta of 1.37. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49.

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.