Champion Homes, Inc. $SKY Position Cut by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System trimmed its position in Champion Homes, Inc. (NYSE:SKY) by 0.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,600 shares of the company’s stock after selling 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Champion Homes were worth $1,540,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Alliancebernstein L.P. lifted its holdings in shares of Champion Homes by 67.1% in the first quarter. Alliancebernstein L.P. now owns 1,716,459 shares of the company’s stock valued at $162,652,000 after buying an additional 689,265 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Champion Homes by 63.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,007,639 shares of the company’s stock valued at $95,484,000 after buying an additional 392,159 shares during the period. Interval Partners LP acquired a new stake in shares of Champion Homes in the first quarter valued at $14,849,000. Nuveen LLC acquired a new stake in shares of Champion Homes in the first quarter valued at $13,736,000. Finally, Integrated Investment Consultants LLC lifted its holdings in shares of Champion Homes by 134.4% in the first quarter. Integrated Investment Consultants LLC now owns 247,458 shares of the company’s stock valued at $23,449,000 after buying an additional 141,904 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SKY. Weiss Ratings restated a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, October 8th. Zacks Research downgraded Champion Homes from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. Barclays increased their price objective on Champion Homes from $72.00 to $74.00 and gave the company an “equal weight” rating in a research report on Thursday, August 7th. Finally, Royal Bank Of Canada increased their price objective on Champion Homes from $82.00 to $85.00 and gave the company a “sector perform” rating in a research report on Thursday, August 7th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $86.00.

Insider Activity

In other news, EVP Joseph A. Kimmell sold 1,000 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $65.24, for a total value of $65,240.00. Following the completion of the sale, the executive vice president owned 43,568 shares in the company, valued at $2,842,376.32. This represents a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is owned by insiders.

Champion Homes Price Performance

Shares of NYSE:SKY opened at $64.25 on Monday. The stock has a fifty day moving average of $73.19 and a 200-day moving average of $74.34. The company has a market capitalization of $3.63 billion, a PE ratio of 17.09 and a beta of 1.16. Champion Homes, Inc. has a one year low of $59.44 and a one year high of $116.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.59 and a current ratio of 2.39.

Champion Homes (NYSE:SKY) last released its earnings results on Tuesday, August 5th. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.31. The company had revenue of $701.32 million during the quarter, compared to analyst estimates of $642.18 million. Champion Homes had a return on equity of 14.35% and a net margin of 8.50%.The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 earnings per share. As a group, equities analysts anticipate that Champion Homes, Inc. will post 3.63 EPS for the current fiscal year.

About Champion Homes

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.