KBC Group NV Has $110,000 Holdings in Champion Homes, Inc. $SKY

KBC Group NV decreased its stake in Champion Homes, Inc. (NYSE:SKY) by 34.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,758 shares of the company’s stock after selling 924 shares during the quarter. KBC Group NV’s holdings in Champion Homes were worth $110,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd raised its stake 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 worth $45,000 after acquiring an additional 712 shares in the last quarter. Byrne Asset Management LLC bought a new stake in shares of Champion Homes in the 2nd quarter worth about $48,000. AlphaQuest LLC grew its holdings 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 purchasing an additional 788 shares during the last quarter. Blue Trust Inc. increased its position in shares of Champion Homes by 49.8% during the 2nd quarter. Blue Trust Inc. now owns 900 shares of the company’s stock worth $56,000 after purchasing an additional 299 shares in the last quarter. Finally, Bosun Asset Management LLC acquired a new stake in shares of Champion Homes during the 1st quarter worth about $208,000.

Analyst Ratings Changes

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

Champion Homes Stock Performance

Shares of Champion Homes stock opened at $81.56 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.39 and a quick ratio of 1.59. The firm has a market cap of $4.56 billion, a P/E ratio of 21.69 and a beta of 1.14. The firm has a 50 day simple moving average of $74.37 and a 200 day simple moving average of $72.27. 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 posted its quarterly earnings data on Tuesday, November 4th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.20. The firm had revenue of $684.43 million for the quarter, compared to the consensus estimate 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 for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 EPS. Sell-side analysts predict that Champion Homes, Inc. will post 3.63 earnings per share for the current fiscal year.

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.