Teachers Retirement System of The State of Kentucky Buys New Shares in Skyline Champion Co. (NYSE:SKY)

Teachers Retirement System of The State of Kentucky purchased a new position in Skyline Champion Co. (NYSE:SKY) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 19,000 shares of the company’s stock, valued at approximately $1,674,000.

Other institutional investors also recently modified their holdings of the company. SkyView Investment Advisors LLC increased its position in shares of Skyline Champion by 2.2% in the third quarter. SkyView Investment Advisors LLC now owns 6,243 shares of the company’s stock worth $592,000 after acquiring an additional 132 shares in the last quarter. Ulland Investment Advisors LLC boosted its stake in Skyline Champion by 0.3% in the 4th quarter. Ulland Investment Advisors LLC now owns 52,610 shares of the company’s stock worth $4,635,000 after purchasing an additional 171 shares during the period. Summit Investment Advisors Inc. grew its position in Skyline Champion by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,613 shares of the company’s stock worth $495,000 after purchasing an additional 178 shares in the last quarter. HighTower Advisors LLC raised its stake in Skyline Champion by 3.7% during the 4th quarter. HighTower Advisors LLC now owns 5,019 shares of the company’s stock valued at $442,000 after purchasing an additional 180 shares during the period. Finally, Atria Investments Inc lifted its holdings in shares of Skyline Champion by 5.7% in the fourth quarter. Atria Investments Inc now owns 3,726 shares of the company’s stock valued at $328,000 after purchasing an additional 202 shares in the last quarter.

Insiders Place Their Bets

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

Skyline Champion Price Performance

Shares of NYSE:SKY opened at $84.73 on Friday. The business has a fifty day simple moving average of $91.93 and a 200 day simple moving average of $94.58. The company has a current ratio of 2.59, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. Skyline Champion Co. has a 1 year low of $64.82 and a 1 year high of $116.49. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of 29.83 and a beta of 1.41.

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Barclays dropped their price target on Skyline Champion from $106.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. 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 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. According to MarketBeat.com, Skyline Champion has a consensus rating of “Hold” and a consensus price target of $88.40.

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.