Huntleigh Advisors Inc. Acquires 315 Shares of Champion Homes, Inc. $SKY

Huntleigh Advisors Inc. raised its holdings in shares of Champion Homes, Inc. (NYSE:SKY) by 3.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,433 shares of the company’s stock after purchasing an additional 315 shares during the quarter. Huntleigh Advisors Inc.’s holdings in Champion Homes were worth $528,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SKY. Byrne Asset Management LLC bought a new stake in Champion Homes during the 2nd quarter valued at $48,000. Blue Trust Inc. increased its stake in Champion Homes by 49.8% during the 2nd 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. AlphaQuest LLC increased its stake in Champion Homes by 1,231.3% during the 1st quarter. AlphaQuest LLC now owns 852 shares of the company’s stock valued at $81,000 after purchasing an additional 788 shares in the last quarter. GAMMA Investing LLC increased its stake in Champion Homes by 306.0% during the 1st quarter. GAMMA Investing LLC now owns 1,015 shares of the company’s stock valued at $96,000 after purchasing an additional 765 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in Champion Homes by 2,030.8% during the 2nd quarter. Fifth Third Bancorp now owns 2,770 shares of the company’s stock valued at $173,000 after purchasing an additional 2,640 shares in the last quarter.

Champion Homes Price Performance

Shares of NYSE:SKY opened at $75.73 on Friday. The company’s 50-day moving average is $73.54 and its 200 day moving average is $73.66. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.59 and a current ratio of 2.39. The company has a market capitalization of $4.28 billion, a P/E ratio of 20.14 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.

Champion Homes (NYSE:SKY) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.31. The company had revenue of $701.32 million for the quarter, compared to the consensus estimate of $642.18 million. Champion Homes had a net margin of 8.50% and a return on equity of 14.35%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. On average, equities research analysts forecast that Champion Homes, Inc. will post 3.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on SKY. Royal Bank Of Canada boosted their price target on shares of Champion Homes from $82.00 to $85.00 and gave the company a “sector perform” rating in a research note on Thursday, August 7th. Zacks Research lowered shares of Champion Homes from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. Barclays upped their target price on shares of Champion Homes from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Champion Homes in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $86.00.

Insider Buying and Selling at Champion Homes

In related news, EVP Joseph A. Kimmell sold 3,000 shares of the business’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $66.03, for a total value of $198,090.00. Following the transaction, the executive vice president directly owned 44,568 shares of the company’s stock, valued at approximately $2,942,825.04. The trade was a 6.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.

Champion Homes Company 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.