Caitong International Asset Management Co. Ltd Has $45,000 Stake in Champion Homes, Inc. $SKY

Caitong International Asset Management Co. Ltd lifted its position in shares of Champion Homes, Inc. (NYSE:SKY) by 10,171.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 719 shares of the company’s stock after purchasing an additional 712 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in Champion Homes were worth $45,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SKY. Alliancebernstein L.P. boosted its holdings in shares of Champion Homes by 67.1% during the 1st 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 in the last quarter. Goldman Sachs Group Inc. boosted 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 acquiring an additional 392,159 shares in the last quarter. Interval Partners LP acquired a new stake in shares of Champion Homes during the 1st quarter valued at $14,849,000. Nuveen LLC acquired a new stake in shares of Champion Homes during the 1st quarter valued at $13,736,000. Finally, Integrated Investment Consultants LLC boosted its holdings in shares of Champion Homes by 134.4% during the 1st quarter. Integrated Investment Consultants LLC now owns 247,458 shares of the company’s stock valued at $23,449,000 after acquiring an additional 141,904 shares in the last quarter.

Insider Buying and Selling at Champion Homes

In other news, EVP Joseph A. Kimmell sold 3,000 shares of Champion Homes stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $66.03, for a total value of $198,090.00. Following the completion of the transaction, the executive vice president directly owned 44,568 shares of the company’s stock, valued at approximately $2,942,825.04. This trade represents a 6.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.20% of the company’s stock.

Champion Homes Stock Performance

SKY stock opened at $76.46 on Friday. The stock has a 50-day moving average price of $74.02 and a 200-day moving average price of $73.39. Champion Homes, Inc. has a 1-year low of $59.44 and a 1-year high of $116.49. The company has a current ratio of 2.39, a quick ratio of 1.59 and a debt-to-equity ratio of 0.02. The firm has a market cap of $4.32 billion, a PE ratio of 20.34 and a beta of 1.16.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on SKY. Barclays raised their price objective on Champion Homes from $72.00 to $74.00 and gave the company an “equal weight” rating in a report on Thursday, August 7th. Royal Bank Of Canada raised their target price on Champion Homes from $82.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a research report on Friday. Finally, Zacks Research lowered Champion Homes from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $86.00.

About Champion Homes

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.