Allianz Asset Management GmbH Purchases 11,770 Shares of Champion Homes, Inc. $SKY

Allianz Asset Management GmbH boosted its stake in shares of Champion Homes, Inc. (NYSE:SKY) by 18.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 75,063 shares of the company’s stock after purchasing an additional 11,770 shares during the period. Allianz Asset Management GmbH owned approximately 0.13% of Champion Homes worth $4,700,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SKY. Alliancebernstein L.P. grew its position in Champion Homes by 67.1% during the 1st quarter. Alliancebernstein L.P. now owns 1,716,459 shares of the company’s stock worth $162,652,000 after purchasing an additional 689,265 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Champion Homes by 63.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,007,639 shares of the company’s stock worth $95,484,000 after purchasing an additional 392,159 shares during the last quarter. Interval Partners LP purchased a new stake in Champion Homes during the 1st quarter worth approximately $14,849,000. Nuveen LLC purchased a new stake in Champion Homes during the 1st quarter worth approximately $13,736,000. Finally, Integrated Investment Consultants LLC grew its position in Champion Homes by 134.4% during the 1st quarter. Integrated Investment Consultants LLC now owns 247,458 shares of the company’s stock worth $23,449,000 after purchasing an additional 141,904 shares during the last quarter.

Champion Homes Stock Performance

Shares of NYSE SKY opened at $76.91 on Friday. The company’s fifty day moving average price is $73.96 and its 200 day moving average price is $73.48. Champion Homes, Inc. has a 1 year low of $59.44 and a 1 year high of $116.49. The company has a market capitalization of $4.35 billion, a PE ratio of 20.46 and a beta of 1.16. 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 announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.31. Champion Homes had a net margin of 8.50% and a return on equity of 14.35%. The firm had revenue of $701.32 million for the quarter, compared to the consensus estimate of $642.18 million. During the same period in the prior year, the firm posted $0.91 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, research analysts predict that Champion Homes, Inc. will post 3.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Transactions at Champion Homes

In other Champion Homes news, EVP Joseph A. Kimmell sold 1,000 shares of the company’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $65.24, for a total transaction of $65,240.00. Following the completion of the transaction, the executive vice president directly owned 43,568 shares in the company, valued at approximately $2,842,376.32. This represents a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.

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.