Harbor Capital Advisors Inc. Purchases 70,666 Shares of Skyline Champion Co. (NYSE:SKY)

Harbor Capital Advisors Inc. lifted its holdings in shares of Skyline Champion Co. (NYSE:SKY - Free Report) by 298.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,373 shares of the company's stock after buying an additional 70,666 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.16% of Skyline Champion worth $8,951,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SKY. Assenagon Asset Management S.A. purchased a new stake in shares of Skyline Champion during the third quarter worth $27,769,000. Victory Capital Management Inc. boosted its stake in Skyline Champion by 46.0% in the 2nd quarter. Victory Capital Management Inc. now owns 669,895 shares of the company's stock worth $45,385,000 after purchasing an additional 211,099 shares during the period. Forge First Asset Management Inc. purchased a new position in Skyline Champion during the 1st quarter valued at about $9,398,000. Castleark Management LLC bought a new stake in shares of Skyline Champion during the first quarter valued at about $6,366,000. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Skyline Champion by 2.1% in the second quarter. Thrivent Financial for Lutherans now owns 2,642,123 shares of the company's stock worth $179,004,000 after buying an additional 53,965 shares in the last quarter.

Wall Street Analysts Forecast Growth

SKY has been the topic of several recent analyst reports. Royal Bank of Canada increased 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. Jefferies Financial Group lifted their price objective on Skyline Champion from $79.00 to $86.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Wedbush restated a "neutral" rating and set a $64.00 target price on shares of Skyline Champion in a research report on Wednesday, August 7th. Craig Hallum raised their price target on Skyline Champion from $92.00 to $99.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Barclays boosted their price objective on Skyline Champion from $85.00 to $90.00 and gave the stock an "equal weight" rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $85.40.

Skyline Champion Price Performance

Shares of Skyline Champion stock traded up $3.26 during trading on Friday, hitting $91.49. 625,122 shares of the stock traded hands, compared to its average volume of 363,365. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 35.32 and a beta of 1.59. The company has a quick ratio of 1.57, a current ratio of 2.42 and a debt-to-equity ratio of 0.02. Skyline Champion Co. has a 52 week low of $53.84 and a 52 week high of $101.39. The firm's fifty day moving average is $92.53 and its 200-day moving average is $81.65.

Skyline Champion (NYSE:SKY - Get Free Report) last issued its quarterly 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. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. The business had revenue of $616.88 million for the quarter, compared to analysts' expectations of $600.52 million. During the same period last year, the business earned $0.82 earnings per share. The business's quarterly revenue was up 32.9% on a year-over-year basis. Research analysts expect that Skyline Champion Co. will post 3.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Timothy Mark Larson sold 5,500 shares of Skyline Champion stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $83.00, for a total value of $456,500.00. Following the transaction, the insider now owns 43,300 shares in the company, valued at approximately $3,593,900. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Timothy Mark Larson sold 5,500 shares of Skyline Champion stock in a transaction on Friday, August 9th. The shares were sold at an average price of $83.00, for a total value of $456,500.00. Following the transaction, the insider now directly owns 43,300 shares of the company's stock, valued at $3,593,900. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Laurie M. Hough sold 5,354 shares of the company's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $88.64, for a total transaction of $474,578.56. Following the sale, the chief financial officer now owns 105,153 shares of the company's stock, valued at $9,320,761.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 163,636 shares of company stock valued at $14,582,253 over the last three months. Insiders own 6.90% of the company's stock.

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.