4,822 Shares in Skyline Champion Co. (NYSE:SKY) Purchased by FORA Capital LLC

FORA Capital LLC acquired a new stake in Skyline Champion Co. (NYSE:SKY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,822 shares of the company’s stock, valued at approximately $457,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. CANADA LIFE ASSURANCE Co grew its position in shares of Skyline Champion by 122.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 12,074 shares of the company’s stock valued at $1,029,000 after purchasing an additional 6,639 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Skyline Champion by 35.4% in the 1st quarter. Janus Henderson Group PLC now owns 42,484 shares of the company’s stock valued at $3,614,000 after buying an additional 11,096 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in Skyline Champion by 273.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 23,707 shares of the company’s stock valued at $1,606,000 after buying an additional 17,359 shares during the last quarter. Mirador Capital Partners LP grew its holdings in Skyline Champion by 4.4% during the 2nd quarter. Mirador Capital Partners LP now owns 70,200 shares of the company’s stock valued at $4,756,000 after buying an additional 2,956 shares during the last quarter. Finally, Kessler Investment Group LLC increased its position in Skyline Champion by 41.0% during the second quarter. Kessler Investment Group LLC now owns 2,225 shares of the company’s stock worth $151,000 after buying an additional 647 shares in the last quarter.

Skyline Champion Price Performance

SKY opened at $103.73 on Friday. Skyline Champion Co. has a 1 year low of $58.85 and a 1 year high of $107.26. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.42. The company’s 50 day simple moving average is $94.89 and its 200 day simple moving average is $84.19. The stock has a market capitalization of $5.95 billion, a PE ratio of 40.05 and a beta of 1.59.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.32. The company 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 business’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 EPS. As a group, sell-side analysts expect that Skyline Champion Co. will post 3.43 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Craig Hallum increased their price objective on Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. StockNews.com raised shares of Skyline Champion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Wedbush reissued a “neutral” rating and issued a $64.00 price objective on shares of Skyline Champion in a research report on Wednesday, August 7th. Jefferies Financial Group upped their price objective on shares of Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada boosted their price target on Skyline Champion from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $85.40.

Insider Buying and Selling at Skyline Champion

In other Skyline Champion news, Director Mak Capital One Llc sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $88.87, for a total transaction of $3,554,800.00. Following the completion of the sale, the director now directly owns 2,716,500 shares in the company, valued at $241,415,355. The trade was a 1.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.90% of the stock is owned by company insiders.

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.