Campbell & CO Investment Adviser LLC Takes $1.26 Million Position in Champion Homes, Inc. $SKY

Campbell & CO Investment Adviser LLC purchased a new position in Champion Homes, Inc. (NYSE:SKY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,038 shares of the company’s stock, valued at approximately $1,255,000.

Other large investors have also added to or reduced their stakes in the company. Aviva PLC boosted its holdings in Champion Homes by 7.5% in the second quarter. Aviva PLC now owns 6,750 shares of the company’s stock worth $423,000 after acquiring an additional 469 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Champion Homes in the 2nd quarter worth about $356,000. Vestmark Advisory Solutions Inc. boosted its stake in Champion Homes by 236.4% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 15,678 shares of the company’s stock worth $982,000 after purchasing an additional 11,018 shares in the last quarter. Versor Investments LP purchased a new stake in Champion Homes during the 2nd quarter valued at about $970,000. Finally, Pier Capital LLC grew its position in Champion Homes by 13.3% during the 2nd quarter. Pier Capital LLC now owns 107,383 shares of the company’s stock valued at $6,723,000 after purchasing an additional 12,623 shares during the last quarter.

Champion Homes Stock Up 0.6%

SKY stock opened at $83.85 on Wednesday. The business’s 50-day moving average price is $73.89 and its 200-day moving average price is $72.49. The stock has a market cap of $4.68 billion, a P/E ratio of 22.30 and a beta of 1.14. The company has a quick ratio of 1.59, a current ratio of 2.39 and a debt-to-equity ratio of 0.02. Champion Homes, Inc. has a twelve month low of $59.44 and a twelve month high of $116.49.

Champion Homes (NYSE:SKY) last released its 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 net margin of 8.50% and a return on equity of 14.35%. The company had revenue of $684.43 million for the quarter, compared to analysts’ expectations of $636.96 million. During the same quarter last year, the business earned $0.93 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts forecast that Champion Homes, Inc. will post 3.63 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SKY. Zacks Research raised shares of Champion Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Barclays raised their price target on shares of Champion Homes from $74.00 to $79.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, October 8th. Royal Bank Of Canada upgraded Champion Homes from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $85.00 to $91.00 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 research note 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 data from MarketBeat.com, Champion Homes presently has an average rating of “Hold” and a consensus price target of $85.00.

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.