New York State Common Retirement Fund Trims Stock Holdings in Skyline Champion Co. (NYSE:SKY)

New York State Common Retirement Fund lowered its holdings in shares of Skyline Champion Co. (NYSE:SKY) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 SEC filing.

Several other hedge funds also recently bought and sold shares of SKY. Commonwealth Equity Services LLC boosted its stake in shares of Skyline Champion by 11.7% during the third quarter. Commonwealth Equity Services LLC now owns 3,931 shares of the company’s stock valued at $250,000 after purchasing an additional 413 shares during the period. Verdence Capital Advisors LLC purchased a new stake in Skyline Champion in the 3rd quarter valued at about $205,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Skyline Champion by 20.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,051 shares of the company’s stock worth $768,000 after acquiring an additional 2,015 shares in the last quarter. Congress Wealth Management LLC DE increased its position in shares of Skyline Champion by 5.0% during the third quarter. Congress Wealth Management LLC DE now owns 79,433 shares of the company’s stock worth $5,061,000 after acquiring an additional 3,792 shares during the period. Finally, Meritage Portfolio Management raised its stake in shares of Skyline Champion by 5.2% during the third quarter. Meritage Portfolio Management now owns 4,954 shares of the company’s stock valued at $316,000 after acquiring an additional 247 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SKY. Royal Bank of Canada increased their price objective on Skyline Champion from $69.00 to $73.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 7th. Wedbush reissued a “neutral” rating and set a $72.00 price target on shares of Skyline Champion in a research report on Tuesday, February 6th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $71.40.

Skyline Champion Stock Performance

Shares of NYSE:SKY opened at $80.53 on Friday. The firm has a 50 day moving average of $80.30 and a 200 day moving average of $72.55. The company has a quick ratio of 1.71, a current ratio of 2.56 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 23.09 and a beta of 1.54. Skyline Champion Co. has a 52 week low of $52.12 and a 52 week high of $86.71.

Skyline Champion (NYSE:SKY) last released its quarterly earnings results on Monday, February 5th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.70 by $0.12. Skyline Champion had a return on equity of 15.45% and a net margin of 10.19%. The firm had revenue of $559.46 million during the quarter, compared to analyst estimates of $505.20 million. On average, sell-side analysts predict that Skyline Champion Co. will post 3.19 earnings per share for the current fiscal year.

Skyline Champion Company 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.