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

Harbor Capital Advisors Inc. raised its holdings in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 26.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 SEC filing.

Other large investors have also recently made changes to their positions in the company. Truvestments Capital LLC purchased a new stake in shares of Skyline Champion during the 3rd quarter valued at about $32,000. Quarry LP bought a new stake in shares of Skyline Champion in the third quarter worth about $67,000. nVerses Capital LLC purchased a new position in Skyline Champion during the 3rd quarter valued at approximately $76,000. MML Investors Services LLC purchased a new position in shares of Skyline Champion in the third quarter valued at $216,000. Finally, CWM LLC lifted its position 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 during the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Jefferies Financial Group increased their price target on Skyline Champion from $79.00 to $86.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Royal Bank of Canada upped their target price on Skyline Champion from $82.00 to $88.00 and gave the stock a "sector perform" rating in a report on Wednesday, October 30th. Barclays upped 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. Finally, Craig Hallum boosted their price objective on shares of Skyline Champion from $92.00 to $99.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $85.40.

Skyline Champion Stock Performance

Shares of NYSE SKY traded down $0.87 during midday trading on Friday, reaching $86.18. 645,196 shares of the stock were exchanged, compared to its average volume of 926,783. The company has a quick ratio of 1.64, a current ratio of 2.42 and a debt-to-equity ratio of 0.02. The firm has a 50-day simple moving average of $96.98 and a two-hundred day simple moving average of $89.34. Skyline Champion Co. has a twelve month low of $64.82 and a twelve month high of $116.49. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of 33.27 and a beta of 1.63.

Skyline Champion (NYSE:SKY - Get Free Report) last posted its earnings results on Monday, October 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.32. The business had revenue of $616.88 million for 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 revenue for the quarter was up 32.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 EPS. As a group, analysts anticipate that Skyline Champion Co. will post 3.43 EPS for the current fiscal year.

Skyline Champion 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.