Geode Capital Management LLC Has $77.27 Million Stock Holdings in Champion Homes, Inc. $SKY

Geode Capital Management LLC decreased its position in Champion Homes, Inc. (NYSE:SKY) by 0.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,234,006 shares of the company’s stock after selling 5,565 shares during the period. Geode Capital Management LLC owned approximately 2.15% of Champion Homes worth $77,271,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Alliancebernstein L.P. grew its stake in Champion Homes by 67.1% in the first quarter. Alliancebernstein L.P. now owns 1,716,459 shares of the company’s stock valued at $162,652,000 after acquiring an additional 689,265 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Champion Homes by 63.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,007,639 shares of the company’s stock valued at $95,484,000 after purchasing an additional 392,159 shares in the last quarter. Burgundy Asset Management Ltd. grew its position in shares of Champion Homes by 6.8% in the 1st quarter. Burgundy Asset Management Ltd. now owns 812,204 shares of the company’s stock valued at $76,964,000 after purchasing an additional 51,853 shares during the period. William Blair Investment Management LLC increased its stake in Champion Homes by 3.1% during the 2nd quarter. William Blair Investment Management LLC now owns 768,166 shares of the company’s stock worth $48,095,000 after purchasing an additional 22,833 shares in the last quarter. Finally, Congress Asset Management Co. raised its holdings in Champion Homes by 11.2% during the 2nd quarter. Congress Asset Management Co. now owns 735,854 shares of the company’s stock worth $46,072,000 after buying an additional 74,276 shares during the period.

Champion Homes Stock Performance

Shares of NYSE SKY opened at $81.56 on Friday. 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 stock has a 50 day moving average price of $74.37 and a 200 day moving average price of $72.17. The stock has a market capitalization of $4.56 billion, a PE ratio of 21.69 and a beta of 1.14. Champion Homes, Inc. has a 52 week low of $59.44 and a 52 week high of $116.49.

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

Analyst Ratings Changes

SKY has been the subject of several research analyst reports. Barclays upped their price target on shares of Champion Homes from $74.00 to $79.00 and gave the company an “equal weight” rating in a report on Thursday, November 6th. Royal Bank Of Canada raised shares of Champion Homes from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $85.00 to $91.00 in a research note on Thursday, November 6th. Zelman & Associates raised Champion Homes from a “neutral” rating to an “outperform” rating in a research note on Friday, November 7th. Weiss Ratings restated a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, October 8th. Finally, Zacks Research upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Two 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.00.

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.