Champion Homes, Inc. (NYSE:SKY) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its position in shares of Champion Homes, Inc. (NYSE:SKY) by 306.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,015 shares of the company’s stock after acquiring an additional 765 shares during the quarter. GAMMA Investing LLC’s holdings in Champion Homes were worth $96,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of SKY. Harvest Fund Management Co. Ltd purchased a new position in Champion Homes during the fourth quarter worth approximately $36,000. Sterling Capital Management LLC raised its stake in Champion Homes by 645.5% during the fourth quarter. Sterling Capital Management LLC now owns 917 shares of the company’s stock worth $81,000 after purchasing an additional 794 shares during the period. Headlands Technologies LLC purchased a new position in Champion Homes during the fourth quarter worth approximately $108,000. New Age Alpha Advisors LLC purchased a new position in Champion Homes during the fourth quarter worth approximately $176,000. Finally, DnB Asset Management AS purchased a new position in Champion Homes during the fourth quarter worth approximately $213,000.

Analyst Ratings Changes

SKY has been the topic of a number of research reports. Zelman & Associates raised shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 5th. Barclays dropped their price target on shares of Champion Homes from $97.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 28th. Finally, Royal Bank Of Canada dropped their price target on shares of Champion Homes from $96.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 28th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Champion Homes currently has an average rating of “Hold” and a consensus target price of $80.60.

Champion Homes Trading Down 0.9%

NYSE SKY opened at $66.91 on Monday. The firm has a market capitalization of $3.83 billion, a PE ratio of 19.56 and a beta of 1.16. The company has a 50-day simple moving average of $74.30 and a 200-day simple moving average of $86.29. Champion Homes, Inc. has a one year low of $59.44 and a one year high of $116.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.61 and a current ratio of 2.41.

Champion Homes (NYSE:SKY) last issued its quarterly earnings data on Tuesday, May 27th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.10). The firm had revenue of $593.87 million during the quarter, compared to the consensus estimate of $595.42 million. Champion Homes had a net margin of 7.99% and a return on equity of 13.61%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 earnings per share. On average, equities analysts forecast that Champion Homes, Inc. will post 3.63 earnings per share for the current year.

Champion Homes announced that its Board of Directors has authorized a stock buyback plan on Friday, May 30th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

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.