Integrated Investment Consultants LLC Raises Stake in Champion Homes, Inc. (NYSE:SKY)

Key Points

• Integrated Investment Consultants LLC increased its stake in Champion Homes, Inc. by 134.4% in the first quarter, owning approximately 247,458 shares valued at about $23.45 million.
• Champion Homes reported earnings per share of $0.65 for the last quarter, missing estimates by $0.10, with revenue slightly up by 0.7% year-over-year.
• The company's board has authorized a stock buyback of $50 million, indicating that they believe the stock is undervalued.

Integrated Investment Consultants LLC lifted its holdings in Champion Homes, Inc. (NYSE:SKY - Free Report) by 134.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 247,458 shares of the company's stock after purchasing an additional 141,904 shares during the quarter. Champion Homes accounts for approximately 3.3% of Integrated Investment Consultants LLC's holdings, making the stock its 4th largest position. Integrated Investment Consultants LLC owned approximately 0.43% of Champion Homes worth $23,449,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Sterling Capital Management LLC lifted its holdings in shares of Champion Homes by 645.5% in the fourth quarter. Sterling Capital Management LLC now owns 917 shares of the company's stock valued at $81,000 after buying an additional 794 shares during the period. GAMMA Investing LLC raised its position in Champion Homes by 306.0% in the first quarter. GAMMA Investing LLC now owns 1,015 shares of the company's stock worth $96,000 after acquiring an additional 765 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Champion Homes in the 4th quarter valued at about $108,000. Global Trust Asset Management LLC bought a new position in shares of Champion Homes during the 1st quarter valued at about $128,000. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Champion Homes in the 4th quarter worth approximately $176,000.

Champion Homes Stock Up 0.1%

Shares of SKY stock traded up $0.07 on Monday, reaching $65.13. 494,288 shares of the company's stock traded hands, compared to its average volume of 533,324. The business's 50 day moving average price is $66.81 and its two-hundred day moving average price is $83.65. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.61 and a current ratio of 2.41. The company has a market capitalization of $3.73 billion, a P/E ratio of 19.04 and a beta of 1.16. Champion Homes, Inc. has a 12-month low of $59.44 and a 12-month high of $116.49.

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

Champion Homes announced that its board has initiated a stock repurchase program on Friday, May 30th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to buy up to 1.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Barclays reduced their target price on shares of Champion Homes from $97.00 to $72.00 and set an "equal weight" rating for the company in a report on Wednesday, May 28th. Zelman & Associates raised Champion Homes from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 5th. Finally, Royal Bank Of Canada cut their target price on Champion Homes from $96.00 to $82.00 and set a "sector perform" rating on the stock in a research report on Wednesday, May 28th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $80.60.

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.