Maryland State Retirement & Pension System Acquires New Holdings in Skyline Champion Co. (NYSE:SKY)

Maryland State Retirement & Pension System acquired a new stake in shares of Skyline Champion Co. (NYSE:SKY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,785 shares of the company’s stock, valued at approximately $1,567,000.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in Skyline Champion by 137.5% during the third quarter. JPMorgan Chase & Co. now owns 127,307 shares of the company’s stock valued at $12,075,000 after buying an additional 73,697 shares during the period. Summit Partners Public Asset Management LLC boosted its stake in 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 valued at $38,383,000 after acquiring an additional 76,573 shares in the last quarter. Algert Global LLC boosted its stake in Skyline Champion by 164.1% in the third quarter. Algert Global LLC now owns 14,590 shares of the company’s stock valued at $1,384,000 after acquiring an additional 9,066 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Skyline Champion by 80.7% in the fourth quarter. Bank of New York Mellon Corp now owns 351,060 shares of the company’s stock valued at $30,928,000 after acquiring an additional 156,757 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in Skyline Champion by 26.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 119,154 shares of the company’s stock valued at $10,497,000 after acquiring an additional 24,781 shares in the last quarter.

Insider Activity at Skyline Champion

In other Skyline Champion news, EVP Joseph A. Kimmell sold 4,335 shares of Skyline Champion stock in a transaction on Monday, February 10th. The shares were 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Timothy A. Burkhardt sold 3,823 shares of Skyline Champion stock in a transaction on 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 transaction, the vice president now directly owns 32,706 shares of the company’s stock, valued at $3,495,290.22. The trade was a 10.47 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by insiders.

Skyline Champion Trading Down 0.7 %

NYSE:SKY opened at $94.25 on Friday. Skyline Champion Co. has a 12 month low of $64.82 and a 12 month high of $116.49. The firm has a fifty day simple moving average of $97.06 and a 200-day simple moving average of $95.64. The company has a current ratio of 2.59, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $5.40 billion, a P/E ratio of 33.19 and a beta of 1.61.

Skyline Champion (NYSE:SKY) last posted its 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%. On average, equities research analysts anticipate that Skyline Champion Co. will post 3.63 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Barclays raised their target price on shares of Skyline Champion from $90.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Royal Bank of Canada raised their target price on shares of Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a research note 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. According to data from MarketBeat.com, Skyline Champion 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.