11,274 Shares in Skyline Champion Co. (NYSE:SKY) Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Skyline Champion Co. (NYSE:SKY - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 11,274 shares of the company's stock, valued at approximately $993,000.

A number of other hedge funds have also recently bought and sold shares of SKY. FMR LLC grew its holdings in shares of Skyline Champion by 32.3% in the third quarter. FMR LLC now owns 1,491,907 shares of the company's stock valued at $141,507,000 after acquiring an additional 363,885 shares in the last quarter. Principal Financial Group Inc. grew its stake in Skyline Champion by 5,843.2% in the 4th quarter. Principal Financial Group Inc. now owns 256,924 shares of the company's stock valued at $22,635,000 after purchasing an additional 252,601 shares during the period. Bank of New York Mellon Corp increased its position in shares of Skyline Champion by 80.7% during the 4th quarter. Bank of New York Mellon Corp now owns 351,060 shares of the company's stock valued at $30,928,000 after purchasing an additional 156,757 shares during the last quarter. State Street Corp raised its stake in shares of Skyline Champion by 4.6% during the 3rd quarter. State Street Corp now owns 1,790,962 shares of the company's stock worth $169,873,000 after purchasing an additional 78,733 shares during the period. Finally, Summit Partners Public Asset Management LLC raised its stake in shares of Skyline Champion by 23.3% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 404,673 shares of the company's stock worth $38,383,000 after purchasing an additional 76,573 shares during the period.

Wall Street Analyst Weigh In

SKY has been the subject of a number of research analyst reports. Royal Bank of Canada raised their price objective on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Barclays raised their price target 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 equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $90.20.

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Skyline Champion Stock Performance

NYSE:SKY traded down $2.57 on Friday, reaching $94.03. 303,659 shares of the company's stock were exchanged, compared to its average volume of 513,863. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 33.11 and a beta of 1.61. 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 fifty day simple moving average of $97.67 and a 200-day simple moving average of $96.03. Skyline Champion Co. has a 52 week low of $64.82 and a 52 week high of $116.49.

Skyline Champion (NYSE:SKY - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, beating 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, sell-side analysts predict that Skyline Champion Co. will post 3.63 earnings per share for the current year.

Insider Activity

In other news, VP Timothy A. Burkhardt sold 3,823 shares of the firm's 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 completion of the transaction, the vice president now directly owns 32,706 shares in the company, valued at approximately $3,495,290.22. This trade represents a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of the company'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 sale, the executive vice president now directly owns 39,411 shares in the company, valued at $4,107,020.31. This trade represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is owned by company insiders.

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.