Envestnet Portfolio Solutions Inc. Acquires 183 Shares of Champion Homes, Inc. $SKY

Envestnet Portfolio Solutions Inc. lifted its holdings in Champion Homes, Inc. (NYSE:SKY) by 5.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,519 shares of the company’s stock after purchasing an additional 183 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Champion Homes were worth $220,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Alliancebernstein L.P. raised its stake in 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. raised its position in shares of 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 acquiring an additional 392,159 shares in the last quarter. Burgundy Asset Management Ltd. lifted its stake in shares of Champion Homes by 6.8% during the 1st quarter. Burgundy Asset Management Ltd. now owns 812,204 shares of the company’s stock worth $76,964,000 after purchasing an additional 51,853 shares during the last quarter. Congress Asset Management Co. boosted its position in Champion Homes by 11.2% during the second quarter. Congress Asset Management Co. now owns 735,854 shares of the company’s stock valued at $46,072,000 after purchasing an additional 74,276 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Champion Homes by 2.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 698,052 shares of the company’s stock valued at $66,147,000 after purchasing an additional 15,793 shares in the last quarter.

Champion Homes Stock Performance

SKY opened at $76.46 on Friday. The company has a market cap of $4.32 billion, a P/E ratio of 20.34 and a beta of 1.16. 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 firm’s 50-day moving average price is $74.02 and its 200-day moving average price is $73.45. Champion Homes, Inc. has a 52-week low of $59.44 and a 52-week high of $116.49.

Champion Homes (NYSE:SKY) last released its earnings results 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. The company had revenue of $701.32 million for the quarter, compared to the consensus estimate of $642.18 million. Champion Homes had a net margin of 8.50% and a return on equity of 14.35%. Champion Homes’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS. As a group, equities analysts anticipate that Champion Homes, Inc. will post 3.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SKY has been the subject of a number of recent research reports. Zacks Research downgraded shares of Champion Homes from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Barclays lifted their price objective on shares of Champion Homes from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 7th. 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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Champion Homes in a research note on Friday. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $86.00.

Insider Activity

In related news, EVP Joseph A. Kimmell sold 3,000 shares of the firm’s stock in a transaction on 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 owned 44,568 shares in the company, valued at $2,942,825.04. This trade represents a 6.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.20% of the stock is currently owned by insiders.

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.