State of Tennessee Department of Treasury Takes Position in Skyline Champion Co. (NYSE:SKY)

State of Tennessee Department of Treasury purchased a new position in shares of Skyline Champion Co. (NYSE:SKY - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 bought and sold shares of the company. Tower Research Capital LLC TRC lifted its stake in shares of Skyline Champion by 1,252.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,084 shares of the company's stock worth $272,000 after acquiring an additional 2,856 shares during the period. Teachers Retirement System of The State of Kentucky acquired a new stake in Skyline Champion in the fourth quarter valued at about $1,674,000. MetLife Investment Management LLC boosted its holdings in Skyline Champion by 5.9% in the 4th quarter. MetLife Investment Management LLC now owns 32,308 shares of the company's stock valued at $2,846,000 after purchasing an additional 1,802 shares in the last quarter. Capital Research Global Investors acquired a new position in Skyline Champion during the 4th quarter worth approximately $98,978,000. Finally, Capital World Investors raised its stake in shares of Skyline Champion by 31.5% during the 4th quarter. Capital World Investors now owns 2,638,862 shares of the company's stock worth $232,484,000 after buying an additional 632,718 shares in the last quarter.

Insiders Place Their Bets

In other news, EVP Joseph A. Kimmell sold 4,335 shares of the company's stock in a transaction 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 $4,107,020.31. This represents a 9.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Timothy A. Burkhardt sold 3,823 shares of Skyline Champion 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 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. 6.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SKY has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price target 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 decreased their target price on shares of 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. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Skyline Champion presently has an average rating of "Hold" and an average target price of $88.40.

Skyline Champion Price Performance

SKY stock traded down $0.96 during midday trading on Tuesday, hitting $87.20. 31,563 shares of the stock were exchanged, compared to its average volume of 533,826. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 30.87 and a beta of 1.37. Skyline Champion Co. has a fifty-two week low of $64.82 and a fifty-two week high of $116.49. The stock's 50-day moving average price is $90.09 and its 200-day moving average price is $94.16.

Skyline Champion (NYSE:SKY - Get Free Report) last released its quarterly 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 return on equity of 13.80% and a net margin of 6.80%. Research analysts predict that Skyline Champion Co. will post 3.63 earnings per share 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.