Skyline Champion Co. (NYSE:SKY) Shares Acquired by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lifted its holdings in Skyline Champion Co. (NYSE:SKY) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 192,464 shares of the company’s stock after buying an additional 550 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Skyline Champion were worth $16,956,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its stake in Skyline Champion by 137.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 127,307 shares of the company’s stock worth $12,075,000 after purchasing an additional 73,697 shares in the last quarter. Summit Partners Public Asset Management LLC lifted its position in Skyline Champion by 23.3% during the third quarter. Summit Partners Public Asset Management LLC now owns 404,673 shares of the company’s stock worth $38,383,000 after buying an additional 76,573 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Skyline Champion by 38.6% during the second quarter. Canada Pension Plan Investment Board now owns 42,700 shares of the company’s stock worth $2,893,000 after buying an additional 11,900 shares during the last quarter. Algert Global LLC grew its holdings in Skyline Champion by 164.1% in the 3rd quarter. Algert Global LLC now owns 14,590 shares of the company’s stock valued at $1,384,000 after buying an additional 9,066 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Skyline Champion by 26.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 119,154 shares of the company’s stock worth $10,497,000 after acquiring an additional 24,781 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SKY shares. Royal Bank of Canada upped their price objective on shares of Skyline Champion from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Jefferies Financial Group raised their price target on shares of Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Craig Hallum upped their price objective on Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Barclays raised their target price on Skyline Champion from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Skyline Champion presently has a consensus rating of “Hold” and a consensus target price of $85.40.

Skyline Champion Stock Performance

Shares of SKY stock opened at $89.59 on Thursday. 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 firm has a market cap of $5.14 billion, a P/E ratio of 34.59 and a beta of 1.63. The firm’s 50 day moving average price is $96.27 and its 200-day moving average price is $90.91. Skyline Champion Co. has a one year low of $64.82 and a one year high of $116.49.

Skyline Champion (NYSE:SKY) last released its quarterly earnings results on Monday, October 28th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.32. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. The company had revenue of $616.88 million for the quarter, compared to analysts’ expectations of $600.52 million. During the same period in the prior year, the firm earned $0.82 earnings per share. The firm’s revenue was up 32.9% compared to the same quarter last year. As a group, equities research analysts predict that Skyline Champion Co. will post 3.43 EPS for the current year.

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.