Champion Homes, Inc. (NYSE:SKY) Shares Sold by GW&K Investment Management LLC

GW&K Investment Management LLC lowered its stake in Champion Homes, Inc. (NYSE:SKY - Free Report) by 3.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 462,172 shares of the company's stock after selling 16,528 shares during the quarter. GW&K Investment Management LLC owned 0.81% of Champion Homes worth $43,795,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd bought a new stake in shares of Champion Homes during the 4th quarter valued at $36,000. Sterling Capital Management LLC raised its position in shares of Champion Homes by 645.5% during the 4th quarter. Sterling Capital Management LLC now owns 917 shares of the company's stock valued at $81,000 after purchasing an additional 794 shares during the period. GAMMA Investing LLC raised its position in shares of Champion Homes by 306.0% during the 1st 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. Headlands Technologies LLC bought a new stake in shares of Champion Homes during the 4th quarter valued at $108,000. Finally, Global Trust Asset Management LLC bought a new stake in shares of Champion Homes during the 1st quarter valued at $128,000.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Barclays decreased their price objective on shares of Champion Homes from $97.00 to $72.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 28th. Zelman & Associates upgraded shares of Champion Homes from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. Finally, Royal Bank Of Canada reduced their price target on shares of Champion Homes from $96.00 to $82.00 and set a "sector perform" rating on the stock in a report on Wednesday, May 28th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Champion Homes currently has a consensus rating of "Hold" and a consensus target price of $80.60.

Champion Homes Stock Down 0.2%

Shares of SKY traded down $0.15 during mid-day trading on Monday, hitting $64.08. The company's stock had a trading volume of 418,368 shares, compared to its average volume of 614,091. The company's 50-day moving average is $69.92 and its 200-day moving average is $84.58. Champion Homes, Inc. has a 52-week low of $59.44 and a 52-week high of $116.49. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 18.74 and a beta of 1.16. The company has a current ratio of 2.41, a quick ratio of 1.61 and a debt-to-equity ratio of 0.02.

Champion Homes (NYSE:SKY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 27th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.10). The firm had revenue of $593.87 million for the quarter, compared to the consensus estimate of $595.42 million. Champion Homes had a return on equity of 13.61% and a net margin of 7.99%. The company's revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 EPS. On average, equities research analysts forecast that Champion Homes, Inc. will post 3.63 EPS for the current fiscal year.

Champion Homes declared that its Board of Directors has initiated a share buyback plan on Friday, May 30th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 1.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

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.