Oregon Public Employees Retirement Fund Acquires Shares of 12,400 Skyline Champion Co. (NYSE:SKY)

Oregon Public Employees Retirement Fund purchased a new position in shares of Skyline Champion Co. (NYSE:SKY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 12,400 shares of the company's stock, valued at approximately $1,092,000.

Several other hedge funds also recently modified their holdings of SKY. SkyView Investment Advisors LLC boosted its holdings in shares of Skyline Champion by 2.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,243 shares of the company's stock worth $592,000 after buying an additional 132 shares during the period. Verdence Capital Advisors LLC boosted its holdings in shares of Skyline Champion by 5.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,514 shares of the company's stock worth $333,000 after buying an additional 171 shares during the period. Ulland Investment Advisors LLC boosted its holdings in shares of Skyline Champion by 0.3% during the 4th quarter. Ulland Investment Advisors LLC now owns 52,610 shares of the company's stock worth $4,635,000 after buying an additional 171 shares during the period. Mirador Capital Partners LP boosted its holdings in shares of Skyline Champion by 0.6% during the 4th quarter. Mirador Capital Partners LP now owns 51,514 shares of the company's stock worth $4,538,000 after buying an additional 294 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Skyline Champion by 0.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 33,894 shares of the company's stock worth $3,215,000 after buying an additional 299 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Royal Bank of Canada increased 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 increased 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. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Skyline Champion has an average rating of "Hold" and a consensus target price of $90.20.

Skyline Champion Price Performance

Shares of NYSE:SKY traded up $1.58 during midday trading on Wednesday, reaching $99.96. 536,328 shares of the company's stock were exchanged, compared to its average volume of 480,004. The company's 50 day simple moving average is $95.44 and its two-hundred day simple moving average is $95.36. The firm has a market capitalization of $5.73 billion, a PE ratio of 35.20 and a beta of 1.62. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59.

Skyline Champion (NYSE:SKY - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, topping 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%. Equities research analysts expect that Skyline Champion Co. will post 3.63 earnings per share for the current fiscal year.

Insider Transactions at Skyline Champion

In related news, VP Timothy A. Burkhardt sold 3,823 shares of the 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 completion of the sale, the vice president now owns 32,706 shares in the company, valued at $3,495,290.22. This trade represents a 10.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of the 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 sale, the executive vice president now owns 39,411 shares of the company's stock, 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 insiders.

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.