California Public Employees Retirement System Has $7.90 Million Position in Skyline Champion Co. (NYSE:SKY)

California Public Employees Retirement System reduced its stake in shares of Skyline Champion Co. (NYSE:SKY) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 106,321 shares of the company’s stock after selling 6,352 shares during the quarter. California Public Employees Retirement System owned about 0.18% of Skyline Champion worth $7,895,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. SkyView Investment Advisors LLC grew its position in shares of Skyline Champion by 3.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 5,385 shares of the company’s stock worth $343,000 after buying an additional 171 shares during the period. Kestra Private Wealth Services LLC boosted its position in Skyline Champion by 4.9% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 4,365 shares of the company’s stock worth $278,000 after acquiring an additional 205 shares during the last quarter. Arizona State Retirement System boosted its position in Skyline Champion by 1.5% during the 3rd quarter. Arizona State Retirement System now owns 15,454 shares of the company’s stock worth $985,000 after acquiring an additional 232 shares during the last quarter. Meritage Portfolio Management boosted its position in Skyline Champion by 5.2% during the 3rd quarter. Meritage Portfolio Management now owns 4,954 shares of the company’s stock worth $316,000 after acquiring an additional 247 shares during the last quarter. Finally, Kingfisher Capital LLC boosted its position in Skyline Champion by 0.6% during the 3rd quarter. Kingfisher Capital LLC now owns 44,755 shares of the company’s stock worth $2,852,000 after acquiring an additional 282 shares during the last quarter.

Skyline Champion Stock Up 2.1 %

SKY opened at $78.93 on Friday. Skyline Champion Co. has a 1-year low of $52.12 and a 1-year high of $86.71. The stock’s fifty day simple moving average is $80.56 and its 200 day simple moving average is $71.96. The company has a current ratio of 2.56, a quick ratio of 1.71 and a debt-to-equity ratio of 0.02. The stock has a market cap of $4.56 billion, a PE ratio of 22.85 and a beta of 1.54.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on SKY. Wedbush reaffirmed a “neutral” rating and set a $72.00 price target on shares of Skyline Champion in a research report on Tuesday, February 6th. Royal Bank of Canada upped their price objective on Skyline Champion from $69.00 to $73.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 7th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $71.40.

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.