12,910 Shares in Skyline Champion Co. (NYSE:SKY) Purchased by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury purchased a new position in Skyline Champion Co. (NYSE:SKY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,910 shares of the company's stock, valued at approximately $1,137,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in Skyline Champion by 136.9% during the 3rd quarter. Barclays PLC now owns 111,140 shares of the company's stock valued at $10,543,000 after purchasing an additional 64,229 shares during the last quarter. SkyView Investment Advisors LLC raised its stake 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 valued at $592,000 after acquiring an additional 132 shares during the last quarter. Franklin Resources Inc. acquired a new position in shares of Skyline Champion in the 3rd quarter worth approximately $244,000. JPMorgan Chase & Co. increased its holdings in Skyline Champion by 137.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 127,307 shares of the company's stock valued at $12,075,000 after purchasing an additional 73,697 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in Skyline Champion by 35.5% in the 4th quarter. Nordea Investment Management AB now owns 96,650 shares of the company's stock valued at $8,620,000 after purchasing an additional 25,317 shares during the last quarter.

Skyline Champion Trading Up 2.2 %

Shares of NYSE SKY traded up $1.94 during mid-day trading on Friday, hitting $89.15. The company's stock had a trading volume of 235,641 shares, compared to its average volume of 536,375. 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 has a market cap of $5.11 billion, a price-to-earnings ratio of 31.39 and a beta of 1.41. The company's fifty day simple moving average is $90.39 and its 200-day simple moving average is $94.28. Skyline Champion Co. has a one year low of $64.82 and a one year high of $116.49.

Skyline Champion (NYSE:SKY - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, beating 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%. On average, sell-side analysts anticipate that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SKY has been the subject of a number of research reports. Royal Bank of Canada raised 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. Barclays dropped their target price on shares of Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Skyline Champion currently has an average rating of "Hold" and an average target price of $88.40.

Insider Buying and Selling at Skyline Champion

In other Skyline Champion news, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $104.21, for a total transaction of $451,750.35. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $408,564.01. Following the sale, the vice president now directly owns 32,706 shares in the company, 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. Insiders own 6.90% of the company's stock.

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.