New York State Common Retirement Fund Sells 147 Shares of Skyline Champion Co. (NYSE:SKY)

New York State Common Retirement Fund cut its stake in Skyline Champion Co. (NYSE:SKY) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,868 shares of the company’s stock after selling 147 shares during the quarter. New York State Common Retirement Fund’s holdings in Skyline Champion were worth $1,624,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale bought a new position in Skyline Champion during the 3rd quarter valued at $94,000. Outlook Wealth Advisors LLC bought a new position in shares of Skyline Champion during the fourth quarter valued at about $231,000. Verdence Capital Advisors LLC purchased a new position in Skyline Champion during the third quarter worth about $205,000. Mackenzie Financial Corp bought a new stake in Skyline Champion in the 4th quarter worth about $246,000. Finally, Envestnet Portfolio Solutions Inc. bought a new position in shares of Skyline Champion during the 3rd quarter worth approximately $216,000.

Analysts Set New Price Targets

A number of analysts recently commented on SKY shares. Royal Bank of Canada increased their price target on Skyline Champion from $69.00 to $73.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 7th. Wedbush reiterated a “neutral” rating and set a $72.00 target price on shares of Skyline Champion in a research note 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’s stock. Based on data from MarketBeat, Skyline Champion has a consensus rating of “Hold” and an average price target of $71.40.

Skyline Champion Stock Performance

NYSE:SKY opened at $80.53 on Friday. Skyline Champion Co. has a 1 year low of $52.12 and a 1 year high of $86.71. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.56 and a quick ratio of 1.71. The business has a fifty day simple moving average of $80.30 and a two-hundred day simple moving average of $72.55. The company has a market capitalization of $4.65 billion, a P/E ratio of 23.09 and a beta of 1.54.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.12. The business had revenue of $559.46 million for 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, analysts expect that Skyline Champion Co. will post 3.19 earnings per share for the current year.

About Skyline Champion

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.