Teacher Retirement System of Texas Has $706,000 Stock Position in Skyline Champion Co. (NYSE:SKY)

Teacher Retirement System of Texas lowered its stake in Skyline Champion Co. (NYSE:SKYFree Report) by 3.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,086 shares of the company’s stock after selling 421 shares during the quarter. Teacher Retirement System of Texas’ holdings in Skyline Champion were worth $706,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. West Tower Group LLC acquired a new stake in Skyline Champion in the second quarter worth $57,000. Covestor Ltd raised its holdings in Skyline Champion by 8,505.3% in the first quarter. Covestor Ltd now owns 1,635 shares of the company’s stock worth $90,000 after purchasing an additional 1,616 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in Skyline Champion in the first quarter worth $206,000. Private Advisor Group LLC acquired a new stake in Skyline Champion in the first quarter worth $216,000. Finally, Point72 Hong Kong Ltd acquired a new stake in Skyline Champion in the first quarter worth $160,000.

Skyline Champion Stock Down 1.8 %

Shares of Skyline Champion stock opened at $70.04 on Wednesday. The business’s 50 day simple moving average is $68.60 and its 200 day simple moving average is $65.81. Skyline Champion Co. has a 52-week low of $52.12 and a 52-week high of $77.75. The firm has a market cap of $4.04 billion, a PE ratio of 17.00 and a beta of 1.54. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.27 and a current ratio of 4.02.

Skyline Champion (NYSE:SKYGet Free Report) last announced its earnings results on Tuesday, October 31st. The company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.01). Skyline Champion had a net margin of 11.86% and a return on equity of 18.98%. The firm had revenue of $464.24 million during the quarter, compared to analyst estimates of $458.57 million. During the same period in the prior year, the business posted $2.51 EPS. The firm’s quarterly revenue was down 42.5% compared to the same quarter last year. On average, analysts predict that Skyline Champion Co. will post 3.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Wedbush reiterated a “neutral” rating and issued a $72.00 target price on shares of Skyline Champion in a report on Monday, December 18th. Barclays raised their target price on shares of Skyline Champion from $61.00 to $69.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. Royal Bank of Canada dropped their target price on shares of Skyline Champion from $68.00 to $55.00 and set a “sector perform” rating on the stock in a report on Thursday, November 2nd. Finally, StockNews.com upgraded shares of Skyline Champion from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Skyline Champion has a consensus rating of “Hold” and a consensus price target of $67.80.

View Our Latest Research Report on Skyline Champion

Insider Activity at Skyline Champion

In related news, Director Keith A. Anderson sold 18,750 shares of Skyline Champion stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $73.00, for a total value of $1,368,750.00. Following the sale, the director now owns 238,098 shares of the company’s stock, valued at $17,381,154. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.00% of the stock is owned by company insiders.

Skyline Champion Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Skyline Champion (NYSE:SKY)

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