Bank of Montreal Can Sells 890 Shares of Champion Homes, Inc. $SKY

Bank of Montreal Can trimmed its holdings in shares of Champion Homes, Inc. (NYSE:SKY) by 7.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,323 shares of the company’s stock after selling 890 shares during the period. Bank of Montreal Can’s holdings in Champion Homes were worth $646,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Alliancebernstein L.P. boosted its holdings in 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 during the period. Goldman Sachs Group Inc. lifted its position in Champion Homes by 63.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,007,639 shares of the company’s stock valued at $95,484,000 after purchasing an additional 392,159 shares during the last quarter. Interval Partners LP purchased a new stake in shares of Champion Homes during the first quarter valued at approximately $14,849,000. Nuveen LLC bought a new position in shares of Champion Homes in the first quarter worth approximately $13,736,000. Finally, Integrated Investment Consultants LLC grew its holdings in shares of Champion Homes by 134.4% in the first quarter. Integrated Investment Consultants LLC now owns 247,458 shares of the company’s stock worth $23,449,000 after purchasing an additional 141,904 shares during the last quarter.

Champion Homes Trading Up 2.2%

Shares of SKY opened at $81.33 on Monday. The firm’s 50-day moving average price is $74.04 and its 200-day moving average price is $72.38. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 21.63 and a beta of 1.14. 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, Inc. has a 1-year low of $59.44 and a 1-year high of $116.49.

Champion Homes (NYSE:SKY) last released its quarterly earnings results on Tuesday, November 4th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.20. The company had revenue of $684.43 million during the quarter, compared to the consensus estimate of $636.96 million. Champion Homes had a net margin of 8.50% and a return on equity of 14.35%. Champion Homes’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 earnings per share. Sell-side analysts anticipate that Champion Homes, Inc. will post 3.63 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SKY shares. Royal Bank Of Canada raised shares of Champion Homes from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $85.00 to $91.00 in a research report on Thursday, November 6th. Zacks Research raised shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Barclays raised their target price on Champion Homes from $74.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, October 8th. Finally, Zelman & Associates upgraded Champion Homes from a “neutral” rating to an “outperform” rating in a report on Friday, November 7th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $85.00.

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.