CenterBook Partners LP Has $5.06 Million Stake in Champion Homes, Inc. $SKY

CenterBook Partners LP boosted its position in shares of Champion Homes, Inc. (NYSE:SKY) by 238.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,745 shares of the company’s stock after purchasing an additional 56,884 shares during the period. CenterBook Partners LP owned about 0.14% of Champion Homes worth $5,055,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SKY. Kovitz Investment Group Partners LLC boosted its position in shares of Champion Homes by 2.7% during the first quarter. Kovitz Investment Group Partners LLC now owns 5,514 shares of the company’s stock worth $523,000 after buying an additional 145 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Champion Homes by 5.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,519 shares of the company’s stock valued at $220,000 after purchasing an additional 183 shares during the last quarter. Arkadios Wealth Advisors lifted its position in shares of Champion Homes by 3.7% in the second quarter. Arkadios Wealth Advisors now owns 6,638 shares of the company’s stock worth $416,000 after purchasing an additional 238 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in Champion Homes by 5.7% during the second quarter. Verdence Capital Advisors LLC now owns 4,612 shares of the company’s stock worth $289,000 after purchasing an additional 248 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Champion Homes by 49.8% in the second quarter. Blue Trust Inc. now owns 900 shares of the company’s stock valued at $56,000 after purchasing an additional 299 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have commented on SKY. Zacks Research raised shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, October 8th. Royal Bank Of Canada upgraded Champion Homes from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $85.00 to $91.00 in a research note on Thursday, November 6th. Barclays upped their price objective on Champion Homes from $74.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. Finally, Zelman & Associates upgraded shares of Champion Homes from a “neutral” rating to an “outperform” rating in a report on Friday, November 7th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $85.00.

Champion Homes Stock Performance

Shares of SKY stock opened at $81.56 on Friday. Champion Homes, Inc. has a 52 week low of $59.44 and a 52 week high of $116.49. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 21.69 and a beta of 1.14. The company has a 50-day simple moving average of $74.37 and a 200 day simple moving average of $72.27. 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 quarterly earnings results on Tuesday, November 4th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.20. Champion Homes had a net margin of 8.50% and a return on equity of 14.35%. The firm 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 EPS. The business’s revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts predict that Champion Homes, Inc. will post 3.63 earnings per share for the current 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.