Champion Homes, Inc. (NYSE:SKY) is Integrated Investment Consultants LLC's 4th Largest Position

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 boosted its position in Champion Homes, Inc. (NYSE:SKY - Free Report) by 134.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 247,458 shares of the company's stock after buying an additional 141,904 shares during the quarter. Champion Homes makes up about 3.3% of Integrated Investment Consultants LLC's portfolio, making the stock its 4th biggest position. Integrated Investment Consultants LLC owned about 0.43% of Champion Homes worth $23,449,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Burney Co. raised its holdings in shares of Champion Homes by 7.1% during the 1st quarter. Burney Co. now owns 13,126 shares of the company's stock worth $1,244,000 after buying an additional 872 shares in the last quarter. Guidance Capital Inc. increased its stake in Champion Homes by 8.1% in the 1st quarter. Guidance Capital Inc. now owns 5,583 shares of the company's stock worth $499,000 after acquiring an additional 417 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in Champion Homes by 7.5% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 20,430 shares of the company's stock valued at $1,936,000 after acquiring an additional 1,430 shares during the period. Verdence Capital Advisors LLC raised its position in Champion Homes by 25.5% during the 1st quarter. Verdence Capital Advisors LLC now owns 4,364 shares of the company's stock valued at $414,000 after purchasing an additional 887 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of Champion Homes by 117.9% in the 1st quarter. New York State Common Retirement Fund now owns 36,299 shares of the company's stock valued at $3,440,000 after purchasing an additional 19,642 shares during the period.

Wall Street Analyst Weigh In

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

Champion Homes Stock Down 0.7%

Shares of Champion Homes stock traded down $0.46 during trading hours on Wednesday, reaching $64.01. 174,355 shares of the company were exchanged, compared to its average volume of 626,060. Champion Homes, Inc. has a 1 year low of $59.44 and a 1 year high of $116.49. The stock's fifty day moving average is $66.31 and its 200 day moving average is $83.52. 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 firm has a market cap of $3.67 billion, a PE ratio of 18.71 and a beta of 1.16.

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

Champion Homes declared that its board has initiated a stock repurchase program on Friday, May 30th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to purchase up to 1.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

Champion Homes 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.