New York State Teachers Retirement System Buys Shares of 11,900 Skyline Champion Co. (NYSE:SKY)

New York State Teachers Retirement System bought a new stake in shares of Skyline Champion Co. (NYSE:SKY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 11,900 shares of the company's stock, valued at approximately $1,048,000.

Several other large investors also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Skyline Champion by 32.3% during the 3rd 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. Cerity Partners LLC grew its holdings in shares of Skyline Champion by 118.8% during the 3rd quarter. Cerity Partners LLC now owns 188,767 shares of the company's stock valued at $17,905,000 after acquiring an additional 102,506 shares in the last quarter. State Street Corp grew its holdings 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 valued at $169,873,000 after acquiring an additional 78,733 shares in the last quarter. Summit Partners Public Asset Management LLC grew its holdings 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 valued at $38,383,000 after acquiring an additional 76,573 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of 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 acquiring an additional 73,697 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently commented on SKY. Royal Bank of Canada boosted 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. Barclays boosted 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, Craig Hallum upped their price objective on shares of Skyline Champion from $92.00 to $99.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $90.20.

Skyline Champion Trading Down 3.3 %

Shares of NYSE:SKY opened at $100.05 on Monday. The stock has a market capitalization of $5.73 billion, a PE ratio of 35.23 and a beta of 1.62. Skyline Champion Co. has a 1 year low of $64.82 and a 1 year high of $116.49. The firm has a fifty day moving average price of $94.58 and a 200 day moving average price of $94.56. The company has a current ratio of 2.59, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02.

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, 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%. Analysts expect that Skyline Champion Co. will post 3.63 EPS for the current fiscal year.

Insider Buying and Selling at Skyline Champion

In other news, EVP Joseph A. Kimmell sold 4,335 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $104.21, for a total transaction 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. This represents a 9.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Timothy A. Burkhardt sold 3,823 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total transaction of $408,564.01. Following the transaction, 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 position. The disclosure for this sale can be found here. Corporate insiders own 6.90% of the company's stock.

About Skyline Champion

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.

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