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

Teton Advisors Inc. reduced its position in shares of Skyline Champion Co. (NYSE:SKY) by 30.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,300 shares of the company’s stock after selling 18,200 shares during the period. Skyline Champion accounts for approximately 1.0% of Teton Advisors Inc.’s portfolio, making the stock its 24th largest position. Teton Advisors Inc. owned 0.07% of Skyline Champion worth $3,141,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale purchased a new position in Skyline Champion during the 3rd quarter valued at $94,000. Kessler Investment Group LLC purchased a new stake in Skyline Champion in the fourth quarter worth about $123,000. Vestmark Advisory Solutions Inc. bought a new stake in Skyline Champion during the 4th quarter valued at approximately $219,000. Outlook Wealth Advisors LLC purchased a new position in shares of Skyline Champion during the 4th quarter worth approximately $231,000. Finally, GW Henssler & Associates Ltd. bought a new position in shares of Skyline Champion in the 3rd quarter worth approximately $202,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Royal Bank of Canada upped their price target 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 reaffirmed a “neutral” rating and issued a $72.00 target price on shares of Skyline Champion in a research report on Tuesday, February 6th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $71.40.

Skyline Champion Stock Up 1.4 %

Shares of SKY traded up $1.04 during trading hours on Monday, hitting $77.39. The company had a trading volume of 168,164 shares, compared to its average volume of 282,878. The stock 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. Skyline Champion Co. has a 52-week low of $52.12 and a 52-week high of $86.71. The firm has a fifty day moving average price of $80.88 and a 200-day moving average price of $71.81.

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