111 Capital Acquires Shares of 6,236 Champion Homes, Inc. $SKY

Key Points

• 111 Capital acquired 6,236 shares of Champion Homes, Inc. ($SKY) valued at approximately $390,000 during the second quarter, indicating increased institutional interest in the company.
• In the second quarter, Fifth Third Bancorp raised its stake in Champion Homes by an impressive 2,030.8%, now owning 2,770 shares worth $173,000.
• Champion Homes' quarterly earnings exceeded expectations with an EPS of $1.19, surpassing the consensus estimate by $0.31, and showed an 11.7% increase in revenue compared to the previous year.

111 Capital bought a new position in shares of Champion Homes, Inc. (NYSE:SKY - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,236 shares of the company's stock, valued at approximately $390,000.

Other large investors have also made changes to their positions in the company. Byrne Asset Management LLC acquired a new position in Champion Homes during the second quarter worth $48,000. AlphaQuest LLC boosted its position in shares of 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 last quarter. GAMMA Investing LLC grew its holdings in shares of 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 period. Global Trust Asset Management LLC acquired a new stake in Champion Homes during the first quarter worth about $128,000. Finally, Fifth Third Bancorp raised its stake in 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 purchasing an additional 2,640 shares during the period.

Insider Buying and Selling at Champion Homes

In related news, EVP Joseph A. Kimmell sold 3,000 shares of the company's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $66.03, for a total transaction of $198,090.00. Following the sale, the executive vice president directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.20% of the company's stock.

Champion Homes Stock Down 1.6%

NYSE:SKY opened at $76.35 on Monday. Champion Homes, Inc. has a 52 week low of $59.44 and a 52 week high of $116.49. The stock's fifty day moving average is $72.90 and its two-hundred day moving average is $75.41. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 20.30 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.

Champion Homes (NYSE:SKY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.31. The firm had revenue of $701.32 million for the quarter, compared to the consensus estimate of $642.18 million. Champion Homes had a return on equity of 14.35% and a net margin of 8.50%.The company's quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 EPS. Research analysts anticipate that Champion Homes, Inc. will post 3.63 EPS for the current year.

Analysts Set New Price Targets

SKY has been the subject of a number of recent analyst reports. Royal Bank Of Canada raised their price target 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. Barclays raised their target price on Champion Homes from $72.00 to $74.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 7th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Champion Homes in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Champion Homes has a consensus rating of "Hold" and a consensus target price of $86.00.

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.

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