Teton Advisors Inc. Decreases Position in Skyline Champion Co. (NYSE:SKY)

Teton Advisors Inc. reduced its holdings in shares of Skyline Champion Co. (NYSE:SKY) by 30.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,300 shares of the company’s stock after selling 18,200 shares during the period. Skyline Champion makes up 1.0% of Teton Advisors Inc.’s holdings, making the stock its 24th largest position. Teton Advisors Inc.’s holdings in Skyline Champion were worth $3,141,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale acquired a new position in shares of Skyline Champion during the third quarter valued at about $94,000. Kessler Investment Group LLC acquired a new position in Skyline Champion during the 4th quarter valued at approximately $123,000. GW Henssler & Associates Ltd. purchased a new position in shares of Skyline Champion in the third quarter worth $202,000. Verdence Capital Advisors LLC acquired a new stake in shares of Skyline Champion during the third quarter worth $205,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Skyline Champion during the third quarter valued at $216,000.

Skyline Champion Stock Performance

Shares of SKY traded up $1.04 during trading hours on Monday, hitting $77.39. The stock had a trading volume of 168,164 shares, compared to its average volume of 282,878. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 22.17 and a beta of 1.53. 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 moving average price of $80.88 and a 200 day moving average price of $71.81. Skyline Champion Co. has a fifty-two week low of $52.12 and a fifty-two week high of $86.71.

Skyline Champion (NYSE:SKY) last posted its earnings results on Monday, February 5th. The company reported $0.82 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $505.20 million. As a group, research analysts anticipate that Skyline Champion Co. will post 3.19 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Royal Bank of Canada lifted their price target on Skyline Champion from $69.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 7th. Wedbush reaffirmed a “neutral” rating and issued a $72.00 price objective on shares of Skyline Champion in a 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’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $71.40.

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.