Teacher Retirement System of Texas Raises Stock Holdings in Skyline Champion Co. (NYSE:SKY)

Teacher Retirement System of Texas boosted its position in Skyline Champion Co. (NYSE:SKY) by 610.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,474 shares of the company’s stock after purchasing an additional 27,043 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.05% of Skyline Champion worth $2,773,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Truvestments Capital LLC bought a new stake in Skyline Champion during the third quarter worth about $32,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Skyline Champion in the 4th quarter worth approximately $36,000. Quarry LP bought a new position in Skyline Champion during the 3rd quarter valued at approximately $67,000. Venturi Wealth Management LLC purchased a new position in Skyline Champion during the fourth quarter valued at $112,000. Finally, KBC Group NV boosted its holdings in Skyline Champion by 53.9% in the fourth quarter. KBC Group NV now owns 2,288 shares of the company’s stock worth $202,000 after acquiring an additional 801 shares in the last quarter.

Insider Buying and Selling at Skyline Champion

In other news, VP Timothy A. Burkhardt sold 3,823 shares of the 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 in the company, valued at $3,495,290.22. This represents a 10.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph A. Kimmell sold 4,335 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $104.21, for a total transaction of $451,750.35. Following the completion of the transaction, the executive vice president now directly owns 39,411 shares in the company, valued at approximately $4,107,020.31. The trade was a 9.91 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Skyline Champion Stock Performance

Shares of SKY stock opened at $97.94 on Wednesday. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average price of $97.42 and a 200-day moving average price of $95.84. Skyline Champion Co. has a 52 week low of $64.82 and a 52 week high of $116.49. The firm has a market capitalization of $5.61 billion, a PE ratio of 34.49 and a beta of 1.61.

Skyline Champion (NYSE:SKY) last posted its earnings results on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates 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, equities research analysts expect that Skyline Champion Co. will post 3.63 earnings per share for the current 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.