State of Alaska Department of Revenue Invests $2.65 Million in Skyline Champion Co. (NYSE:SKY)

State of Alaska Department of Revenue acquired a new stake in Skyline Champion Co. (NYSE:SKY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 30,096 shares of the company's stock, valued at approximately $2,651,000. State of Alaska Department of Revenue owned 0.05% of Skyline Champion as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SKY. FMR LLC lifted its holdings in shares of Skyline Champion by 32.3% in the 3rd quarter. FMR LLC now owns 1,491,907 shares of the company's stock valued at $141,507,000 after buying an additional 363,885 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Skyline Champion in the 3rd quarter valued at about $27,769,000. Cerity Partners LLC raised its holdings in Skyline Champion by 118.8% in the 3rd quarter. Cerity Partners LLC now owns 188,767 shares of the company's stock worth $17,905,000 after purchasing an additional 102,506 shares during the period. State Street Corp raised its holdings in Skyline Champion by 4.6% in 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 holdings in Skyline Champion by 23.3% in 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

A number of equities analysts recently weighed in on the company. Barclays upped their price target on Skyline Champion from $90.00 to $106.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Craig Hallum upped their price target on Skyline Champion from $92.00 to $99.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada upped their price target on Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $90.20.

Insider Activity

In related news, EVP Joseph A. Kimmell sold 4,335 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 39,411 shares in the company, 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 legal filing with the SEC, which is accessible through this link. Also, VP Timothy A. Burkhardt sold 3,823 shares of the stock in a transaction that occurred on 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 owns 32,706 shares of the company's stock, valued at $3,495,290.22. The trade was a 10.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.90% of the company's stock.

Skyline Champion Price Performance

Shares of Skyline Champion stock traded up $3.12 during mid-day trading on Thursday, reaching $108.15. 348,703 shares of the stock traded hands, compared to its average volume of 685,155. The business has a 50-day moving average of $94.89 and a 200 day moving average of $93.28. Skyline Champion Co. has a fifty-two week low of $64.82 and a fifty-two week high of $116.49. The stock has a market capitalization of $6.20 billion, a PE ratio of 38.08 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.

Skyline Champion (NYSE:SKY - Get Free Report) last posted 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 return on equity of 13.80% and a net margin of 6.80%. On average, analysts predict that Skyline Champion Co. will post 3.54 EPS for the current year.

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.