State of Wyoming Sells 364 Shares of Skyline Champion Co. (NYSE:SKY)

State of Wyoming lowered its stake in shares of Skyline Champion Co. (NYSE:SKY) by 7.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,738 shares of the company’s stock after selling 364 shares during the period. State of Wyoming’s holdings in Skyline Champion were worth $417,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SKY. Vanguard Group Inc. boosted its holdings in shares of Skyline Champion by 17.3% during the 4th quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company’s stock valued at $523,578,000 after buying an additional 876,712 shares in the last quarter. Capital World Investors increased its stake in shares of Skyline Champion by 31.5% in the 4th quarter. Capital World Investors now owns 2,638,862 shares of the company’s stock worth $232,484,000 after acquiring an additional 632,718 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Skyline Champion by 17.2% during the 4th quarter. Ameriprise Financial Inc. now owns 1,646,482 shares of the company’s stock valued at $145,055,000 after acquiring an additional 241,326 shares during the period. American Century Companies Inc. boosted its stake in Skyline Champion by 2.9% during the fourth quarter. American Century Companies Inc. now owns 1,411,769 shares of the company’s stock worth $124,377,000 after acquiring an additional 39,262 shares in the last quarter. Finally, Capital Research Global Investors purchased a new stake in Skyline Champion in the fourth quarter worth about $98,978,000.

Skyline Champion Stock Performance

Shares of Skyline Champion stock opened at $89.49 on Wednesday. Skyline Champion Co. has a 1 year low of $64.82 and a 1 year high of $116.49. The firm’s 50-day moving average is $88.43 and its 200 day moving average is $94.13. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of 31.51 and a beta of 1.37. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SKY shares. Barclays decreased their target price on shares of Skyline Champion from $106.00 to $97.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. 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 research note on Thursday, February 6th. Five equities research 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, the stock presently has an average rating of “Hold” and an average price target of $88.40.

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.