Caitong International Asset Management Co. Ltd Purchases 712 Shares of Champion Homes, Inc. $SKY

Caitong International Asset Management Co. Ltd lifted its position in shares of Champion Homes, Inc. (NYSE:SKY) by 10,171.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 719 shares of the company’s stock after purchasing an additional 712 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in Champion Homes were worth $45,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Byrne Asset Management LLC bought a new position in shares of Champion Homes during the second quarter worth approximately $48,000. AlphaQuest LLC increased its stake in shares of Champion Homes by 1,231.3% during the first quarter. AlphaQuest LLC now owns 852 shares of the company’s stock worth $81,000 after purchasing an additional 788 shares during the period. Blue Trust Inc. increased its stake in shares of Champion Homes by 49.8% during the second quarter. Blue Trust Inc. now owns 900 shares of the company’s stock worth $56,000 after purchasing an additional 299 shares during the period. GAMMA Investing LLC increased its stake in shares of Champion Homes by 306.0% during the first quarter. GAMMA Investing LLC now owns 1,015 shares of the company’s stock worth $96,000 after purchasing an additional 765 shares during the period. Finally, Bosun Asset Management LLC bought a new position in shares of Champion Homes during the first quarter worth approximately $208,000.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SKY. Zacks Research downgraded 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 Friday. Barclays increased their price target on Champion Homes from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 7th. Finally, Royal Bank Of Canada increased their price target on Champion Homes from $82.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $86.00.

Insider Buying and Selling at Champion Homes

In other Champion Homes news, EVP Joseph A. Kimmell sold 1,000 shares of the firm’s 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 sale, the executive vice president owned 43,568 shares of the company’s stock, valued at approximately $2,842,376.32. This trade represents a 2.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Champion Homes Trading Down 0.7%

Shares of SKY stock opened at $76.46 on Friday. The stock’s fifty day moving average price is $74.02 and its two-hundred day moving average price is $73.39. The company has a market cap of $4.32 billion, a PE ratio of 20.34 and a beta of 1.16. Champion Homes, Inc. has a fifty-two week low of $59.44 and a fifty-two week 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 issued its earnings results on Tuesday, August 5th. The company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.31. The firm had revenue of $701.32 million for the quarter, compared to the consensus estimate 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 was up 11.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. Equities analysts predict that Champion Homes, Inc. will post 3.63 EPS for the current fiscal year.

Champion Homes 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.