Harbor Capital Advisors Inc. Increases Stock Position in Skyline Champion Co. (NYSE:SKY)

Harbor Capital Advisors Inc. raised its stake in shares of Skyline Champion Co. (NYSE:SKY) by 26.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 119,154 shares of the company’s stock after purchasing an additional 24,781 shares during the period. Harbor Capital Advisors Inc. owned 0.21% of Skyline Champion worth $10,497,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Truvestments Capital LLC bought a new position in Skyline Champion during the third quarter valued at approximately $32,000. Quarry LP bought a new position in shares of Skyline Champion during the 3rd quarter valued at approximately $67,000. nVerses Capital LLC purchased a new position in shares of Skyline Champion in the third quarter valued at $76,000. MML Investors Services LLC bought a new stake in Skyline Champion in the third quarter worth $216,000. Finally, CWM LLC raised its stake in Skyline Champion by 7.4% during the third quarter. CWM LLC now owns 2,286 shares of the company’s stock valued at $217,000 after purchasing an additional 158 shares in the last quarter.

Analyst Ratings Changes

SKY has been the subject of several recent research reports. Barclays lifted their price target on Skyline Champion from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Royal Bank of Canada upped their price target on shares of Skyline Champion from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Craig Hallum raised their price objective on shares of Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group upped their target price on Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $85.40.

Skyline Champion Trading Up 0.1 %

SKY traded up $0.11 on Friday, reaching $87.16. 114,560 shares of the company traded hands, compared to its average volume of 836,793. The firm has a fifty day simple moving average of $96.98 and a two-hundred day simple moving average of $89.34. The company has a market cap of $5.00 billion, a P/E ratio of 33.65 and a beta of 1.63. Skyline Champion Co. has a one year low of $64.82 and a one year high of $116.49. The company has a quick ratio of 1.64, a current ratio of 2.42 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.61 by $0.32. The business had revenue of $616.88 million during the quarter, compared to analyst estimates of $600.52 million. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. The company’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 EPS. As a group, equities research analysts expect that Skyline Champion Co. will post 3.43 earnings per share for the current 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.