Teacher Retirement System of Texas Increases Holdings in Skyline Champion Co. (NYSE:SKY)

Teacher Retirement System of Texas increased its holdings in shares of Skyline Champion Co. (NYSE:SKY) by 610.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,474 shares of the company’s stock after purchasing an additional 27,043 shares during the quarter. Teacher Retirement System of Texas’ holdings in Skyline Champion were worth $2,773,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Intech Investment Management LLC bought a new stake in shares of Skyline Champion during the third quarter valued at approximately $1,101,000. Charles Schwab Investment Management Inc. grew its stake in Skyline Champion by 5.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 639,981 shares of the company’s stock valued at $60,702,000 after acquiring an additional 33,942 shares in the last quarter. Citigroup Inc. increased its holdings in Skyline Champion by 63.3% in the 3rd quarter. Citigroup Inc. now owns 79,668 shares of the company’s stock valued at $7,557,000 after acquiring an additional 30,892 shares during the last quarter. Cerity Partners LLC lifted its stake in Skyline Champion by 118.8% in the 3rd quarter. Cerity Partners LLC now owns 188,767 shares of the company’s stock worth $17,905,000 after purchasing an additional 102,506 shares in the last quarter. Finally, Algert Global LLC boosted its holdings in shares of Skyline Champion by 164.1% during the 3rd quarter. Algert Global LLC now owns 14,590 shares of the company’s stock valued at $1,384,000 after purchasing an additional 9,066 shares during the last quarter.

Skyline Champion Trading Up 0.6 %

Shares of NYSE SKY opened at $97.94 on Wednesday. The stock has a market capitalization of $5.61 billion, a P/E ratio of 34.49 and a beta of 1.61. Skyline Champion Co. has a 1-year low of $64.82 and a 1-year high of $116.49. The business’s 50 day moving average is $97.42 and its two-hundred day moving average is $95.84. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74.

Skyline Champion (NYSE:SKY) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.24. Skyline Champion had a return on equity of 13.80% and a net margin of 6.80%. As a group, research analysts expect that Skyline Champion Co. will post 3.63 EPS for the current year.

Insider Transactions at Skyline Champion

In other news, VP Timothy A. Burkhardt sold 3,823 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total transaction of $408,564.01. Following the transaction, the vice president now owns 32,706 shares of the company’s stock, valued at approximately $3,495,290.22. This represents a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Joseph A. Kimmell sold 4,335 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $104.21, for a total value of $451,750.35. Following the sale, the executive vice president now directly owns 39,411 shares of the company’s stock, valued at $4,107,020.31. This represents a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Royal Bank of Canada boosted their target price on Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Barclays upped their price objective on Skyline Champion from $90.00 to $106.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Skyline Champion presently 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.