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

FORA Capital LLC purchased a new stake in Skyline Champion Co. (NYSE:SKY) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,822 shares of the company’s stock, valued at approximately $457,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co raised its stake in 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 acquiring an additional 6,639 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of 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 purchasing an additional 11,096 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Skyline Champion by 273.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 23,707 shares of the company’s stock valued at $1,606,000 after purchasing an additional 17,359 shares during the period. Mirador Capital Partners LP grew its stake in Skyline Champion by 4.4% during the 2nd quarter. Mirador Capital Partners LP now owns 70,200 shares of the company’s stock worth $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 during the period.

Insider Buying and Selling

In related news, Director Mak Capital One Llc sold 40,000 shares of the business’s stock in a transaction dated 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 sale, the director now owns 2,716,500 shares of the company’s stock, valued at approximately $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 at this link. 6.90% of the stock is currently owned by corporate insiders.

Skyline Champion Stock Up 0.3 %

Shares of NYSE:SKY opened at $103.73 on Friday. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 40.05 and a beta of 1.59. Skyline Champion Co. has a fifty-two week low of $58.85 and a fifty-two week high of $107.26. The firm’s 50-day simple moving average is $94.89 and its 200-day simple moving average is $84.19. The company has a quick ratio of 1.64, a current ratio of 2.42 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY) last released 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 company had revenue of $616.88 million for the quarter, compared to analysts’ expectations of $600.52 million. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. The firm’s quarterly revenue was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 EPS. As a group, equities research analysts predict that Skyline Champion Co. will post 3.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SKY has been the subject of several research analyst reports. Barclays increased their price objective on Skyline Champion from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Craig Hallum raised their price objective on shares of Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. StockNews.com raised shares of Skyline Champion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Royal Bank of Canada raised their price target on Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Finally, Wedbush reaffirmed a “neutral” rating and set a $64.00 price objective on shares of Skyline Champion in a research note on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $85.40.

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.