UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 11,582 Shares of Skyline Champion Co. (NYSE:SKY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 9.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,513 shares of the company's stock after selling 11,582 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.18% of Skyline Champion worth $10,008,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. CWM LLC grew its holdings in Skyline Champion by 7.4% during the 3rd quarter. CWM LLC now owns 2,286 shares of the company's stock worth $217,000 after acquiring an additional 158 shares during the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of Skyline Champion by 5.1% in the 3rd quarter. Verdence Capital Advisors LLC now owns 3,514 shares of the company's stock valued at $333,000 after purchasing an additional 171 shares during the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Skyline Champion by 2.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 11,262 shares of the company's stock valued at $763,000 after purchasing an additional 216 shares during the last quarter. Penbrook Management LLC boosted its stake in shares of Skyline Champion by 2.7% in the 2nd quarter. Penbrook Management LLC now owns 9,810 shares of the company's stock valued at $665,000 after purchasing an additional 260 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Skyline Champion by 0.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 33,894 shares of the company's stock valued at $3,215,000 after purchasing an additional 299 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SKY. Royal Bank of Canada upped their price objective on shares of Skyline Champion from $82.00 to $88.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 30th. Jefferies Financial Group boosted their target price on shares of Skyline Champion from $79.00 to $86.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Craig Hallum boosted their target price on shares of Skyline Champion from $92.00 to $99.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Finally, Barclays boosted their target price on shares of Skyline Champion from $85.00 to $90.00 and gave the company an "equal weight" rating in a research report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $85.40.

Skyline Champion Stock Up 4.0 %

Shares of SKY stock traded up $4.20 on Monday, hitting $108.43. The stock had a trading volume of 2,541,833 shares, compared to its average volume of 370,785. The business has a 50 day moving average of $96.40 and a 200 day moving average of $85.48. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of 41.86 and a beta of 1.59. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.42 and a quick ratio of 1.64. Skyline Champion Co. has a 12-month low of $64.40 and a 12-month high of $116.49.

Skyline Champion (NYSE:SKY - Get Free Report) last announced its earnings results on Monday, October 28th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.61 by $0.32. The company had revenue of $616.88 million during the quarter, compared to the consensus estimate of $600.52 million. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. The firm's revenue for the quarter was up 32.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.82 earnings per share. As a group, analysts expect that Skyline Champion Co. will post 3.43 EPS for the current year.

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.