Teachers Retirement System of The State of Kentucky Acquires Shares of 19,000 Skyline Champion Co. (NYSE:SKY)

Teachers Retirement System of The State of Kentucky bought a new position in Skyline Champion Co. (NYSE:SKY - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 19,000 shares of the company's stock, valued at approximately $1,674,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SKY. Vanguard Group Inc. lifted its stake in Skyline Champion by 17.3% during the 4th quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company's stock valued at $523,578,000 after acquiring an additional 876,712 shares during the period. Capital World Investors lifted its holdings in Skyline Champion by 31.5% during the fourth quarter. Capital World Investors now owns 2,638,862 shares of the company's stock valued at $232,484,000 after purchasing an additional 632,718 shares in the last quarter. American Century Companies Inc. boosted its holdings in Skyline Champion by 2.9% in the 4th quarter. American Century Companies Inc. now owns 1,411,769 shares of the company's stock worth $124,377,000 after buying an additional 39,262 shares during the last quarter. Capital Research Global Investors purchased a new stake in shares of Skyline Champion during the fourth quarter worth approximately $98,978,000. Finally, Alliancebernstein L.P. lifted its stake in shares of Skyline Champion by 4.3% in the fourth quarter. Alliancebernstein L.P. now owns 1,027,194 shares of the company's stock worth $90,496,000 after buying an additional 41,916 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 company's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total transaction of $408,564.01. Following the completion of the sale, the vice president now directly owns 32,706 shares of the company's stock, valued at $3,495,290.22. This represents a 10.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion stock in a transaction on Monday, February 10th. The shares were sold at an average price of $104.21, for a total value of $451,750.35. Following the transaction, the executive vice president now owns 39,411 shares in the company, valued at $4,107,020.31. This represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on SKY. Barclays reduced their price objective on shares of Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada upped their target price on shares of Skyline Champion from $88.00 to $96.00 and gave the stock 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 assigned a buy rating to the company. According to MarketBeat.com, Skyline Champion currently has an average rating of "Hold" and a consensus target price of $88.40.

Skyline Champion Trading Up 2.7 %

NYSE SKY traded up $2.34 during mid-day trading on Friday, hitting $89.55. The company's stock had a trading volume of 54,214 shares, compared to its average volume of 541,846. 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 $5.13 billion, a P/E ratio of 31.53 and a beta of 1.41. 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 fifty day simple moving average is $90.67 and its two-hundred day simple moving average is $94.36.

Skyline Champion (NYSE:SKY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share (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%. Research analysts expect that Skyline Champion Co. will post 3.63 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.