Integrated Investment Consultants LLC Decreases Position in Champion Homes, Inc. $SKY

Integrated Investment Consultants LLC trimmed its position in Champion Homes, Inc. (NYSE:SKY) by 75.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 61,461 shares of the company’s stock after selling 185,997 shares during the period. Integrated Investment Consultants LLC owned about 0.11% of Champion Homes worth $3,848,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SKY. State Street Corp boosted its stake in shares of Champion Homes by 4.0% in the second quarter. State Street Corp now owns 2,579,091 shares of the company’s stock worth $161,477,000 after acquiring an additional 98,659 shares during the last quarter. American Century Companies Inc. boosted its stake in Champion Homes by 50.8% during the 2nd quarter. American Century Companies Inc. now owns 1,945,434 shares of the company’s stock worth $121,804,000 after purchasing an additional 655,505 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Champion Homes by 67.1% during the first quarter. Alliancebernstein L.P. now owns 1,716,459 shares of the company’s stock worth $162,652,000 after buying an additional 689,265 shares in the last quarter. Goldman Sachs Group Inc. raised its position 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 last quarter. Finally, Burgundy Asset Management Ltd. lifted its stake in shares of Champion Homes by 2.8% in the second quarter. Burgundy Asset Management Ltd. now owns 835,176 shares of the company’s stock worth $52,290,000 after buying an additional 22,972 shares in the last quarter.

Champion Homes Stock Performance

NYSE:SKY opened at $84.54 on Wednesday. Champion Homes, Inc. has a fifty-two week low of $59.44 and a fifty-two week high of $110.09. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.77 and a current ratio of 2.60. The company has a 50 day moving average price of $76.69 and a 200 day moving average price of $71.67. The stock has a market capitalization of $4.72 billion, a P/E ratio of 21.96 and a beta of 1.06.

Champion Homes (NYSE:SKY) last released its quarterly earnings results on Tuesday, November 4th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.20. Champion Homes had a return on equity of 14.36% and a net margin of 8.41%.The company had revenue of $684.43 million for the quarter, compared to analysts’ expectations of $636.96 million. During the same period in the prior year, the firm earned $0.93 earnings per share. The firm’s revenue was up 11.0% compared to the same quarter last year. Equities research analysts forecast that Champion Homes, Inc. will post 3.63 EPS for the current year.

Analyst Ratings Changes

SKY has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, October 8th. Zacks Research raised shares of Champion Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Zelman & Associates upgraded shares of Champion Homes from a “neutral” rating to an “outperform” rating in a report on Friday, November 7th. Royal Bank Of Canada raised shares of Champion Homes from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $85.00 to $91.00 in a research report on Thursday, November 6th. Finally, Barclays raised Champion Homes from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $79.00 to $100.00 in a research note on Monday. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.50.

Insider Transactions at Champion Homes

In other Champion Homes news, EVP Joseph A. Kimmell sold 1,812 shares of Champion Homes stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $82.04, for a total value of $148,656.48. Following the completion of the transaction, the executive vice president directly owned 55,977 shares of the company’s stock, valued at $4,592,353.08. The trade was a 3.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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.