Skyline Champion Co. (NYSE:SKY) Stock Holdings Lowered by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its position in Skyline Champion Co. (NYSE:SKY) by 17.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,148 shares of the company’s stock after selling 4,694 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Skyline Champion were worth $2,101,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SKY. Headlands Technologies LLC bought a new stake in shares of Skyline Champion during the first quarter valued at approximately $63,000. nVerses Capital LLC bought a new stake in Skyline Champion during the 3rd quarter valued at $76,000. Kessler Investment Group LLC boosted its position in Skyline Champion by 41.0% during the 2nd quarter. Kessler Investment Group LLC now owns 2,225 shares of the company’s stock worth $151,000 after acquiring an additional 647 shares during the period. Blue Trust Inc. grew its stake in shares of Skyline Champion by 77,800.0% in the second quarter. Blue Trust Inc. now owns 3,116 shares of the company’s stock worth $211,000 after purchasing an additional 3,112 shares in the last quarter. Finally, Cannon Global Investment Management LLC acquired a new position in shares of Skyline Champion during the second quarter valued at $217,000.

Insiders Place Their Bets

In other news, CFO Laurie M. Hough sold 5,354 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $88.64, for a total value of $474,578.56. Following the completion of the sale, the chief financial officer now owns 105,153 shares in the company, valued at $9,320,761.92. This represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph A. Kimmell sold 2,964 shares of Skyline Champion stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $88.60, for a total value of $262,610.40. Following the transaction, the executive vice president now owns 47,262 shares in the company, valued at $4,187,413.20. This represents a 5.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 141,192 shares of company stock worth $12,660,782 over the last ninety days. 6.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

SKY has been the subject of a number of recent analyst reports. Craig Hallum increased their target price on shares of Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Wedbush reiterated a “neutral” rating and set a $64.00 price objective on shares of Skyline Champion in a research note on Wednesday, August 7th. Jefferies Financial Group boosted their target price on Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Royal Bank of Canada increased their price target on Skyline Champion from $82.00 to $88.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Finally, Barclays boosted their price objective on Skyline Champion from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $85.40.

Skyline Champion Price Performance

NYSE SKY opened at $97.15 on Friday. Skyline Champion Co. has a 1 year low of $58.35 and a 1 year high of $101.39. The business’s fifty day moving average is $93.32 and its two-hundred day moving average is $82.90. The stock has a market capitalization of $5.58 billion, a P/E ratio of 37.51 and a beta of 1.59. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.42.

Skyline Champion (NYSE:SKY) last announced its earnings results on Monday, October 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.32. The company had revenue of $616.88 million for the quarter, compared to analyst estimates of $600.52 million. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. Skyline Champion’s revenue for the quarter was up 32.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 earnings per share. On average, research analysts forecast that Skyline Champion Co. will post 3.43 earnings per share for the current fiscal year.

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.