State of Alaska Department of Revenue Makes New Investment in Skyline Champion Co. (NYSE:SKY)

State of Alaska Department of Revenue purchased a new stake in Skyline Champion Co. (NYSE:SKY) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 30,096 shares of the company’s stock, valued at approximately $2,651,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SKY. CWM LLC lifted its stake in Skyline Champion by 7.4% in the third quarter. CWM LLC now owns 2,286 shares of the company’s stock valued at $217,000 after buying an additional 158 shares during the period. Creative Planning raised its position in shares of Skyline Champion by 166.7% in the 3rd quarter. Creative Planning now owns 10,049 shares of the company’s stock valued at $953,000 after acquiring an additional 6,281 shares during the period. nVerses Capital LLC bought a new position in Skyline Champion during the 3rd quarter worth approximately $76,000. Net Worth Advisory Group acquired a new position in Skyline Champion during the third quarter valued at approximately $272,000. Finally, OLD National Bancorp IN bought a new stake in Skyline Champion in the third quarter valued at approximately $225,000.

Skyline Champion Price Performance

SKY stock opened at $103.89 on Monday. The stock has a market cap of $5.95 billion, a PE ratio of 36.58 and a beta of 1.62. The stock has a 50-day moving average price of $94.76 and a two-hundred day moving average price of $92.73. Skyline Champion Co. has a 1 year low of $64.82 and a 1 year high of $116.49. The company has a current ratio of 2.59, a quick ratio of 1.64 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY) last announced 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 return on equity of 13.80% and a net margin of 6.80%. Equities analysts forecast that Skyline Champion Co. will post 3.54 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on SKY. Royal Bank of Canada boosted their price target on shares of Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a report on Thursday. Barclays increased their price target on Skyline Champion from $90.00 to $106.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Craig Hallum lifted their price objective on Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $90.20.

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.