Champion Homes, Inc. $SKY Shares Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH boosted its stake in shares of Champion Homes, Inc. (NYSE:SKY) by 18.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 75,063 shares of the company’s stock after acquiring an additional 11,770 shares during the period. Allianz Asset Management GmbH’s holdings in Champion Homes were worth $4,700,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in SKY. Byrne Asset Management LLC acquired a new position in Champion Homes during the second quarter worth $48,000. Blue Trust Inc. raised its position in Champion Homes by 49.8% during the second quarter. Blue Trust Inc. now owns 900 shares of the company’s stock worth $56,000 after acquiring an additional 299 shares during the period. AlphaQuest LLC raised its position in shares of Champion Homes by 1,231.3% in the first quarter. AlphaQuest LLC now owns 852 shares of the company’s stock valued at $81,000 after buying an additional 788 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Champion Homes by 306.0% in the first quarter. GAMMA Investing LLC now owns 1,015 shares of the company’s stock valued at $96,000 after buying an additional 765 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Champion Homes by 2,030.8% in the second quarter. Fifth Third Bancorp now owns 2,770 shares of the company’s stock valued at $173,000 after buying an additional 2,640 shares during the last quarter.

Champion Homes Price Performance

Champion Homes stock opened at $76.91 on Friday. Champion Homes, Inc. has a 12-month low of $59.44 and a 12-month high of $116.49. The stock has a market cap of $4.35 billion, a P/E ratio of 20.46 and a beta of 1.16. The company has a 50-day moving average price of $73.96 and a 200 day moving average price of $73.48. The company has a current ratio of 2.39, a quick ratio of 1.59 and a debt-to-equity ratio of 0.02.

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Royal Bank Of Canada increased their target price on shares of Champion Homes from $82.00 to $85.00 and gave the company a “sector perform” rating in a research report on Thursday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, October 8th. Barclays increased their target price on shares of Champion Homes from $72.00 to $74.00 and gave the company an “equal weight” rating in a research report on Thursday, August 7th. Finally, Zacks Research cut shares of Champion Homes from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $86.00.

Insiders Place Their Bets

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

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.