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

FORA Capital LLC bought a new position in shares of Skyline Champion Co. (NYSE:SKY - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,822 shares of the company's stock, valued at approximately $457,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Canada Pension Plan Investment Board boosted its holdings in shares of Skyline Champion by 38.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 42,700 shares of the company's stock worth $2,893,000 after purchasing an additional 11,900 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Skyline Champion by 4.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 844,367 shares of the company's stock worth $57,206,000 after purchasing an additional 35,880 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Skyline Champion by 122.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 12,074 shares of the company's stock worth $1,029,000 after purchasing an additional 6,639 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Skyline Champion by 35.4% during the 1st quarter. Janus Henderson Group PLC now owns 42,484 shares of the company's stock worth $3,614,000 after purchasing an additional 11,096 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Skyline Champion by 46.0% during the 2nd quarter. Victory Capital Management Inc. now owns 669,895 shares of the company's stock valued at $45,385,000 after buying an additional 211,099 shares during the period.

Skyline Champion Stock Performance

NYSE SKY remained flat at $103.73 during trading hours on Friday. 238,249 shares of the company's stock traded hands, compared to its average volume of 362,166. The company has a current ratio of 2.42, a quick ratio of 1.64 and a debt-to-equity ratio of 0.02. Skyline Champion Co. has a one year low of $59.78 and a one year high of $107.26. The stock has a market cap of $5.95 billion, a P/E ratio of 40.05 and a beta of 1.59. The firm has a fifty day moving average of $95.27 and a 200 day moving average of $84.50.

Skyline Champion (NYSE:SKY - Get Free Report) last released 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. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. The company had revenue of $616.88 million during the quarter, compared to the consensus estimate of $600.52 million. During the same quarter in the prior year, the firm posted $0.82 earnings per share. Skyline Champion's revenue for the quarter was up 32.9% on a year-over-year basis. Sell-side analysts expect that Skyline Champion Co. will post 3.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Skyline Champion

In related news, Director Mak Capital One Llc sold 40,000 shares of the firm's stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $88.87, for a total transaction of $3,554,800.00. Following the transaction, the director now owns 2,716,500 shares of the company's stock, valued at $241,415,355. This trade represents a 1.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 6.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SKY. Barclays lifted their price target on shares of Skyline Champion from $85.00 to $90.00 and gave the company an "equal weight" rating in a research report on Thursday, October 31st. Jefferies Financial Group boosted their price target on shares of Skyline Champion from $79.00 to $86.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Craig Hallum boosted their price target 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. Wedbush restated a "neutral" rating and issued a $64.00 price target on shares of Skyline Champion in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada boosted their target price on shares of Skyline Champion from $82.00 to $88.00 and gave the stock a "sector perform" rating in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company 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.