Mutual of America Capital Management LLC Sells 86,161 Shares of Champion Homes, Inc. $SKY

Mutual of America Capital Management LLC lowered its position in Champion Homes, Inc. (NYSE:SKY) by 92.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,769 shares of the company’s stock after selling 86,161 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Champion Homes were worth $424,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Byrne Asset Management LLC bought a new position in shares of Champion Homes during the 2nd quarter valued at about $48,000. Blue Trust Inc. grew its stake in shares of Champion Homes by 49.8% during the second quarter. Blue Trust Inc. now owns 900 shares of the company’s stock valued at $56,000 after buying an additional 299 shares during the last quarter. AlphaQuest LLC boosted its holdings in Champion Homes by 1,231.3% during the 1st quarter. AlphaQuest LLC now owns 852 shares of the company’s stock valued at $81,000 after acquiring an additional 788 shares during the period. GAMMA Investing LLC lifted its position in 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 purchasing an additional 765 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake 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 worth $173,000 after buying an additional 2,640 shares during the period.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, EVP Joseph A. Kimmell sold 3,000 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 44,568 shares of the company’s stock, valued at approximately $2,942,825.04. The trade was a 6.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.

Champion Homes Stock Down 4.5%

Shares of SKY stock opened at $72.25 on Wednesday. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 19.21 and a beta of 1.16. Champion Homes, Inc. has a one year low of $59.44 and a one year high of $116.49. The company’s fifty day moving average price is $74.02 and its 200-day moving average price is $73.15. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.39 and a quick ratio of 1.59.

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