Geode Capital Management LLC Has $77.27 Million Stock Position in Champion Homes, Inc. $SKY

Geode Capital Management LLC reduced its stake in Champion Homes, Inc. (NYSE:SKY) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,234,006 shares of the company’s stock after selling 5,565 shares during the quarter. Geode Capital Management LLC’s holdings in Champion Homes were worth $77,271,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its stake in shares of Champion Homes by 10,171.4% during the second quarter. Caitong International Asset Management Co. Ltd now owns 719 shares of the company’s stock worth $45,000 after purchasing an additional 712 shares during the period. Byrne Asset Management LLC acquired a new position in Champion Homes in the 2nd quarter valued at $48,000. Blue Trust Inc. increased 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 buying an additional 299 shares during the period. AlphaQuest LLC lifted its holdings in shares of Champion Homes by 1,231.3% during the first quarter. AlphaQuest LLC now owns 852 shares of the company’s stock worth $81,000 after buying an additional 788 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Champion Homes by 2,030.8% during 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 in the last quarter.

Wall Street Analyst Weigh In

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

Champion Homes Price Performance

Shares of NYSE:SKY opened at $81.56 on Friday. The firm has a 50 day moving average of $74.37 and a 200-day moving average of $72.17. Champion Homes, Inc. has a 12 month low of $59.44 and a 12 month high of $116.49. The company has a current ratio of 2.39, a quick ratio of 1.59 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $4.56 billion, a PE ratio of 21.69 and a beta of 1.14.

Champion Homes (NYSE:SKY) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.20. Champion Homes had a net margin of 8.50% and a return on equity of 14.35%. The business had revenue of $684.43 million for the quarter, compared to analysts’ expectations of $636.96 million. During the same period last year, the firm posted $0.93 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts predict that Champion Homes, Inc. will post 3.63 EPS for the current fiscal year.

About Champion Homes

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.