Vestmark Advisory Solutions Inc. Acquires 11,018 Shares of Champion Homes, Inc. $SKY

Vestmark Advisory Solutions Inc. boosted its holdings in Champion Homes, Inc. (NYSE:SKY) by 236.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,678 shares of the company’s stock after purchasing an additional 11,018 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Champion Homes were worth $982,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Alliancebernstein L.P. lifted its holdings in shares of Champion Homes by 67.1% in the first quarter. Alliancebernstein L.P. now owns 1,716,459 shares of the company’s stock worth $162,652,000 after buying an additional 689,265 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Champion Homes by 63.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,007,639 shares of the company’s stock worth $95,484,000 after purchasing an additional 392,159 shares in the last quarter. Interval Partners LP bought a new position in shares of Champion Homes during the 1st quarter valued at about $14,849,000. Nuveen LLC purchased a new position in shares of Champion Homes during the first quarter valued at about $13,736,000. Finally, Integrated Investment Consultants LLC grew its position in shares of Champion Homes by 134.4% during the first quarter. Integrated Investment Consultants LLC now owns 247,458 shares of the company’s stock valued at $23,449,000 after purchasing an additional 141,904 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages recently commented on SKY. Zacks Research raised Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, October 8th. 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 research note on Thursday, November 6th. Royal Bank Of Canada raised shares of Champion Homes from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock 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 report on Friday. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $85.00.

Champion Homes Stock Up 0.7%

NYSE SKY opened at $83.49 on Tuesday. The company has a quick ratio of 1.59, a current ratio of 2.39 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average of $73.70 and a two-hundred day moving average of $72.50. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 22.21 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 earnings results on Tuesday, November 4th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.20. Champion Homes had a net margin of 8.50% and a return on equity of 14.35%. The business had revenue of $684.43 million for the quarter, compared to the consensus estimate of $636.96 million. During the same quarter in the prior year, the firm posted $0.93 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, analysts predict that Champion Homes, Inc. will post 3.63 earnings per share for the current year.

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.