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

Harbor Capital Advisors Inc. raised its holdings in Skyline Champion Co. (NYSE:SKY) by 26.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 119,154 shares of the company’s stock after acquiring an additional 24,781 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Skyline Champion were worth $10,497,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SKY. SkyView Investment Advisors LLC increased its holdings in shares of Skyline Champion by 2.2% during the third quarter. SkyView Investment Advisors LLC now owns 6,243 shares of the company’s stock valued at $592,000 after acquiring an additional 132 shares in the last quarter. CWM LLC increased its stake in Skyline Champion by 7.4% during the 3rd 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. Verdence Capital Advisors LLC raised its holdings in shares of Skyline Champion by 5.1% in the third quarter. Verdence Capital Advisors LLC now owns 3,514 shares of the company’s stock worth $333,000 after buying an additional 171 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Skyline Champion by 0.9% during the third quarter. BNP Paribas Financial Markets now owns 33,894 shares of the company’s stock worth $3,215,000 after buying an additional 299 shares during the period. Finally, Portside Wealth Group LLC grew its holdings in shares of Skyline Champion by 10.0% during the third quarter. Portside Wealth Group LLC now owns 3,339 shares of the company’s stock valued at $317,000 after buying an additional 304 shares during the last quarter.

Skyline Champion Price Performance

NYSE SKY traded up $0.11 on Friday, hitting $87.16. The company had a trading volume of 114,560 shares, compared to its average volume of 836,793. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.42 and a quick ratio of 1.64. The company has a market capitalization of $5.00 billion, a PE ratio of 33.65 and a beta of 1.63. Skyline Champion Co. has a 12-month low of $64.82 and a 12-month high of $116.49. The company’s fifty day moving average price is $96.98 and its 200-day moving average price is $89.34.

Skyline Champion (NYSE:SKY) last issued its earnings results on Monday, October 28th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.32. The business had revenue of $616.88 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the business earned $0.82 earnings per share. As a group, analysts predict that Skyline Champion Co. will post 3.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SKY shares. Royal Bank of Canada lifted their price target on Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. 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 report on Wednesday, October 9th. Craig Hallum boosted their target price on shares of Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Barclays increased 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. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $85.40.

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.