Oregon Public Employees Retirement Fund Purchases Shares of 12,400 Skyline Champion Co. (NYSE:SKY)

Oregon Public Employees Retirement Fund purchased a new stake in shares of Skyline Champion Co. (NYSE:SKY) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,400 shares of the company’s stock, valued at approximately $1,092,000.

Several other institutional investors have also added to or reduced their stakes in the business. Amalgamated Bank boosted its position in Skyline Champion by 746.5% during the fourth quarter. Amalgamated Bank now owns 15,491 shares of the company’s stock valued at $1,365,000 after buying an additional 13,661 shares during the period. Bank of New York Mellon Corp boosted its position in Skyline Champion by 80.7% during the fourth quarter. Bank of New York Mellon Corp now owns 351,060 shares of the company’s stock valued at $30,928,000 after buying an additional 156,757 shares during the period. Handelsbanken Fonder AB boosted its position in Skyline Champion by 15.2% during the fourth quarter. Handelsbanken Fonder AB now owns 15,200 shares of the company’s stock valued at $1,339,000 after buying an additional 2,000 shares during the period. Alberta Investment Management Corp boosted its position in Skyline Champion by 25.5% during the fourth quarter. Alberta Investment Management Corp now owns 46,984 shares of the company’s stock valued at $4,139,000 after buying an additional 9,553 shares during the period. Finally, Peregrine Capital Management LLC boosted its holdings in shares of Skyline Champion by 15.7% during the fourth quarter. Peregrine Capital Management LLC now owns 131,632 shares of the company’s stock worth $11,597,000 after purchasing an additional 17,849 shares during the period.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Royal Bank of Canada increased their target price on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. Barclays increased their target price on shares of Skyline Champion from $90.00 to $106.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Skyline Champion has a consensus rating of “Hold” and an average price target of $90.20.

Skyline Champion Price Performance

SKY stock opened at $102.52 on Friday. Skyline Champion Co. has a 1 year low of $64.82 and a 1 year high of $116.49. The company has a market cap of $5.87 billion, a P/E ratio of 36.10 and a beta of 1.62. The firm has a 50-day moving average of $94.98 and a 200 day moving average of $95.12. 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.24. Skyline Champion had a net margin of 6.80% and a return on equity of 13.80%. On average, sell-side analysts forecast that Skyline Champion Co. will post 3.63 EPS 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.