New York State Common Retirement Fund Purchases 19,642 Shares of Champion Homes, Inc. (NYSE:SKY)

New York State Common Retirement Fund boosted its position in Champion Homes, Inc. (NYSE:SKY - Free Report) by 117.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,299 shares of the company's stock after purchasing an additional 19,642 shares during the quarter. New York State Common Retirement Fund owned about 0.06% of Champion Homes worth $3,440,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC increased its holdings in Champion Homes by 645.5% in the 4th quarter. Sterling Capital Management LLC now owns 917 shares of the company's stock worth $81,000 after purchasing an additional 794 shares in the last quarter. GAMMA Investing LLC lifted 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 in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Champion Homes during the fourth quarter valued at approximately $108,000. Global Trust Asset Management LLC purchased a new stake in shares of Champion Homes during the first quarter valued at approximately $128,000. Finally, New Age Alpha Advisors LLC purchased a new stake in Champion Homes in the fourth quarter worth $176,000.

Champion Homes Stock Performance

Champion Homes stock opened at $67.29 on Wednesday. The firm has a 50 day simple moving average of $69.92 and a 200-day simple moving average of $84.58. Champion Homes, Inc. has a 1-year low of $59.44 and a 1-year high of $116.49. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.41 and a quick ratio of 1.61. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 19.67 and a beta of 1.16.

Champion Homes (NYSE:SKY - Get Free Report) last issued 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). Champion Homes had a return on equity of 13.61% and a net margin of 7.99%. 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 posted $0.62 earnings per share. The business's revenue was up .7% compared to the same quarter last year. On average, analysts expect that Champion Homes, Inc. will post 3.63 EPS for the current year.

Champion Homes announced that its Board of Directors has approved a stock buyback program on Friday, May 30th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 1.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

SKY has been the topic of a number of research analyst reports. Royal Bank Of Canada reduced their target price on Champion Homes from $96.00 to $82.00 and set a "sector perform" rating on the stock in a report on Wednesday, May 28th. Zelman & Associates raised Champion Homes from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. Finally, Barclays cut their price target on Champion Homes from $97.00 to $72.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 28th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $80.60.

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.

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