Y Intercept Hong Kong Ltd Invests $2.90 Million in Champion Homes, Inc. $SKY

Y Intercept Hong Kong Ltd bought a new position in Champion Homes, Inc. (NYSE:SKY) during the 2nd quarter, HoldingsChannel reports. The fund bought 46,287 shares of the company’s stock, valued at approximately $2,898,000.

A number of other large investors have also bought and sold shares of SKY. Caitong International Asset Management Co. Ltd grew its position in Champion Homes by 10,171.4% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 719 shares of the company’s stock worth $45,000 after acquiring an additional 712 shares during the last quarter. Byrne Asset Management LLC bought a new stake in Champion Homes during the 2nd quarter worth approximately $48,000. Blue Trust Inc. grew its position in Champion Homes by 49.8% during the 2nd quarter. Blue Trust Inc. now owns 900 shares of the company’s stock worth $56,000 after acquiring an additional 299 shares during the last quarter. AlphaQuest LLC grew its position in Champion Homes by 1,231.3% during the 1st quarter. AlphaQuest LLC now owns 852 shares of the company’s stock worth $81,000 after acquiring an additional 788 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Champion Homes by 306.0% during the 1st quarter. GAMMA Investing LLC now owns 1,015 shares of the company’s stock worth $96,000 after acquiring an additional 765 shares during the last quarter.

Champion Homes Stock Performance

Champion Homes stock opened at $64.69 on Friday. 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. The company has a market cap of $3.66 billion, a PE ratio of 17.20 and a beta of 1.16. The company’s 50-day moving average is $73.78 and its two-hundred day moving average is $72.99.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Zacks Research lowered shares of Champion Homes from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Barclays increased their price objective on shares of Champion Homes from $72.00 to $74.00 and gave the stock an “equal weight” rating in a report on Thursday, August 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada increased their price objective on shares of Champion Homes from $82.00 to $85.00 and gave the stock a “sector perform” rating in a report on Thursday, August 7th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $79.50.

Insider Buying and Selling at Champion Homes

In other news, EVP Joseph A. Kimmell sold 3,000 shares of the 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 transaction, the executive vice president owned 44,568 shares of the company’s stock, valued at $2,942,825.04. This represents a 6.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.