Commonwealth of Pennsylvania Public School Empls Retrmt SYS Invests $993,000 in Skyline Champion Co. (NYSE:SKY)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Skyline Champion Co. (NYSE:SKY) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,274 shares of the company’s stock, valued at approximately $993,000.

Several other hedge funds have also bought and sold shares of the stock. Teacher Retirement System of Texas raised its position in shares of Skyline Champion by 610.3% during the 4th quarter. Teacher Retirement System of Texas now owns 31,474 shares of the company’s stock valued at $2,773,000 after buying an additional 27,043 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Skyline Champion in the fourth quarter valued at $36,000. Maryland State Retirement & Pension System bought a new stake in Skyline Champion during the fourth quarter worth about $1,567,000. Xponance Inc. boosted its holdings in shares of Skyline Champion by 10.0% in the 4th quarter. Xponance Inc. now owns 3,855 shares of the company’s stock worth $340,000 after purchasing an additional 352 shares in the last quarter. Finally, Intech Investment Management LLC increased its position in shares of Skyline Champion by 87.4% during the 4th quarter. Intech Investment Management LLC now owns 21,743 shares of the company’s stock valued at $1,916,000 after purchasing an additional 10,139 shares during the last quarter.

Skyline Champion Price Performance

SKY opened at $97.26 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74. The stock’s 50 day simple moving average is $97.51 and its 200 day simple moving average is $95.85. The firm has a market cap of $5.57 billion, a price-to-earnings ratio of 34.24 and a beta of 1.61. Skyline Champion Co. has a 1 year low of $64.82 and a 1 year high of $116.49.

Skyline Champion (NYSE:SKY) last issued its earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.24. Skyline Champion had a net margin of 6.80% and a return on equity of 13.80%. As a group, analysts predict that Skyline Champion Co. will post 3.63 earnings per share for the current year.

Insider Buying and Selling at Skyline Champion

In other news, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $104.21, for a total value of $451,750.35. Following the sale, the executive vice president now directly owns 39,411 shares in the company, valued at approximately $4,107,020.31. This trade represents a 9.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Timothy A. Burkhardt sold 3,823 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total value of $408,564.01. Following the transaction, the vice president now owns 32,706 shares of the company’s stock, valued at approximately $3,495,290.22. This represents a 10.47 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.90% of the company’s stock.

Analysts Set New Price Targets

SKY has been the subject of a number of recent research reports. Barclays boosted their target price on Skyline Champion from $90.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Royal Bank of Canada boosted their price objective on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Skyline Champion currently has an average rating of “Hold” and a consensus price target of $90.20.

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.