Skyline Champion Co. (NYSE:SKY) Shares Sold by Arizona State Retirement System

Arizona State Retirement System trimmed its holdings in shares of Skyline Champion Co. (NYSE:SKY) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,174 shares of the company’s stock after selling 280 shares during the quarter. Arizona State Retirement System’s holdings in Skyline Champion were worth $1,127,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SKY. JPMorgan Chase & Co. raised its stake in shares of Skyline Champion by 28.9% during the 1st quarter. JPMorgan Chase & Co. now owns 60,302 shares of the company’s stock worth $3,309,000 after buying an additional 13,513 shares during the period. Private Advisor Group LLC purchased a new stake in shares of Skyline Champion during the first quarter worth approximately $277,000. Bank of Montreal Can purchased a new stake in shares of Skyline Champion during the first quarter worth approximately $222,000. Acadian Asset Management LLC purchased a new stake in shares of Skyline Champion during the first quarter worth approximately $496,000. Finally, MetLife Investment Management LLC increased its position in shares of Skyline Champion by 53.8% during the first quarter. MetLife Investment Management LLC now owns 28,047 shares of the company’s stock worth $1,539,000 after purchasing an additional 9,809 shares in the last quarter.

Analyst Ratings Changes

SKY has been the subject of several research reports. Royal Bank of Canada boosted their price target on Skyline Champion from $69.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 7th. Wedbush reiterated a “neutral” rating and set a $72.00 price target on shares of Skyline Champion in a research report on Tuesday, February 6th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $71.40.

Skyline Champion Stock Down 1.3 %

Shares of NYSE:SKY opened at $78.13 on Tuesday. The company has a quick ratio of 1.71, a current ratio of 2.56 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average of $81.74 and a two-hundred day moving average of $70.84. The stock has a market cap of $4.51 billion, a P/E ratio of 22.39 and a beta of 1.53. Skyline Champion Co. has a 52-week low of $52.12 and a 52-week high of $86.71.

Skyline Champion (NYSE:SKY) last issued its earnings results on Monday, February 5th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.12. The company had revenue of $559.46 million during the quarter, compared to analysts’ expectations of $505.20 million. Skyline Champion had a return on equity of 15.45% and a net margin of 10.19%. On average, research analysts expect that Skyline Champion Co. will post 3.19 earnings per share for the current year.

Skyline Champion 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.