Louisiana State Employees Retirement System Makes New Investment in Skyline Champion Co. (NYSE:SKY)

Louisiana State Employees Retirement System purchased a new position in shares of Skyline Champion Co. (NYSE:SKY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,500 shares of the company's stock, valued at approximately $2,247,000.

Several other large investors have also recently made changes to their positions in SKY. JPMorgan Chase & Co. increased its stake in shares of Skyline Champion by 137.5% in the third quarter. JPMorgan Chase & Co. now owns 127,307 shares of the company's stock worth $12,075,000 after buying an additional 73,697 shares during the period. Summit Partners Public Asset Management LLC increased its stake in shares of Skyline Champion by 23.3% in the third quarter. Summit Partners Public Asset Management LLC now owns 404,673 shares of the company's stock worth $38,383,000 after buying an additional 76,573 shares during the period. Algert Global LLC increased its stake in shares of Skyline Champion by 164.1% in the third quarter. Algert Global LLC now owns 14,590 shares of the company's stock worth $1,384,000 after buying an additional 9,066 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Skyline Champion by 26.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 119,154 shares of the company's stock worth $10,497,000 after buying an additional 24,781 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Skyline Champion in the third quarter worth $2,369,000.

Insider Activity

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

Skyline Champion Stock Down 3.0 %

Shares of SKY stock traded down $3.23 during mid-day trading on Tuesday, reaching $104.20. 103,974 shares of the company's stock traded hands, compared to its average volume of 654,609. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49. The company has a market cap of $5.97 billion, a P/E ratio of 36.69 and a beta of 1.62. The company has a quick ratio of 1.64, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. The company's 50-day moving average price is $94.93 and its 200-day moving average price is $93.82.

Skyline Champion (NYSE:SKY - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $1.04 EPS 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%. On average, equities analysts expect that Skyline Champion Co. will post 3.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SKY has been the topic of several analyst reports. Craig Hallum lifted their target price on shares of Skyline Champion from $92.00 to $99.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Barclays lifted their price target on shares of Skyline Champion from $90.00 to $106.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada lifted their price target on shares of Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $90.20.

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.