Skyline Champion Co. (NYSE:SKY) Stake Lowered by Strs Ohio

Strs Ohio lessened its holdings in Skyline Champion Co. (NYSE:SKY) by 25.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,600 shares of the company’s stock after selling 4,700 shares during the period. Strs Ohio’s holdings in Skyline Champion were worth $1,009,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new stake in shares of Skyline Champion in the 3rd quarter valued at $94,000. Outlook Wealth Advisors LLC acquired a new stake in shares of Skyline Champion in the 4th quarter valued at $231,000. GW Henssler & Associates Ltd. acquired a new stake in shares of Skyline Champion in the 3rd quarter valued at $202,000. Verdence Capital Advisors LLC acquired a new stake in shares of Skyline Champion in the 3rd quarter valued at $205,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Skyline Champion in the 3rd quarter valued at $216,000.

Skyline Champion Stock Up 3.8 %

NYSE SKY opened at $77.61 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.71 and a current ratio of 2.56. The firm has a 50-day simple moving average of $81.23 and a 200 day simple moving average of $71.43. Skyline Champion Co. has a twelve month low of $52.12 and a twelve month high of $86.71. The stock has a market cap of $4.48 billion, a PE ratio of 22.24 and a beta of 1.53.

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

Analyst Upgrades and Downgrades

SKY has been the subject of a number of research analyst reports. Wedbush reissued a “neutral” rating and set a $72.00 target price on shares of Skyline Champion in a research report on Tuesday, February 6th. Royal Bank of Canada boosted their target price on shares of Skyline Champion from $69.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 7th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company 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.