SG Capital Management LLC Sells 194,762 Shares of Champion Homes, Inc. $SKY

SG Capital Management LLC lowered its holdings in Champion Homes, Inc. (NYSE:SKY) by 63.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 113,293 shares of the company’s stock after selling 194,762 shares during the quarter. SG Capital Management LLC’s holdings in Champion Homes were worth $7,093,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd increased its holdings in Champion Homes by 10,171.4% during the second quarter. Caitong International Asset Management Co. Ltd now owns 719 shares of the company’s stock valued at $45,000 after buying an additional 712 shares during the period. Byrne Asset Management LLC bought a new stake in Champion Homes during the 2nd quarter valued at $48,000. Blue Trust Inc. increased its holdings in shares of Champion Homes by 49.8% in the 2nd quarter. Blue Trust Inc. now owns 900 shares of the company’s stock valued at $56,000 after acquiring an additional 299 shares during the period. AlphaQuest LLC raised its position in shares of Champion Homes by 1,231.3% in the 1st quarter. AlphaQuest LLC now owns 852 shares of the company’s stock worth $81,000 after acquiring an additional 788 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Champion Homes by 2,030.8% during the 2nd quarter. Fifth Third Bancorp now owns 2,770 shares of the company’s stock worth $173,000 after purchasing an additional 2,640 shares during the last quarter.

Champion Homes Trading Up 2.2%

Shares of Champion Homes stock opened at $81.33 on Friday. The company has a current ratio of 2.39, a quick ratio of 1.59 and a debt-to-equity ratio of 0.02. Champion Homes, Inc. has a 12-month low of $59.44 and a 12-month high of $116.49. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 21.63 and a beta of 1.14. The firm’s 50 day simple moving average is $74.04 and its two-hundred day simple moving average is $72.58.

Champion Homes (NYSE:SKY) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.81 by $0.20. The business had revenue of $684.43 million during the quarter, compared to the consensus estimate of $636.96 million. Champion Homes had a net margin of 8.50% and a return on equity of 14.35%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.93 earnings per share. Analysts predict that Champion Homes, Inc. will post 3.63 EPS for the current year.

Analyst Ratings Changes

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

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.