Free Trial

Peregrine Capital Management LLC Acquires 5,563 Shares of Champion Homes, Inc. (NYSE:SKY)

Champion Homes logo with Construction background

Peregrine Capital Management LLC boosted its position in Champion Homes, Inc. (NYSE:SKY - Free Report) by 4.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 137,195 shares of the company's stock after purchasing an additional 5,563 shares during the period. Peregrine Capital Management LLC owned about 0.24% of Champion Homes worth $13,001,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bessemer Group Inc. increased its stake in shares of Champion Homes by 4.3% in the 1st quarter. Bessemer Group Inc. now owns 244,149 shares of the company's stock worth $23,136,000 after purchasing an additional 10,107 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Champion Homes by 80.7% during the fourth quarter. Bank of New York Mellon Corp now owns 351,060 shares of the company's stock valued at $30,928,000 after purchasing an additional 156,757 shares during the period. XTX Topco Ltd purchased a new stake in Champion Homes in the fourth quarter worth about $712,000. Vaughan Nelson Investment Management L.P. increased its position in Champion Homes by 16.4% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 473,940 shares of the company's stock worth $44,909,000 after buying an additional 66,835 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Champion Homes by 5.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,336 shares of the company's stock worth $316,000 after buying an additional 172 shares during the period.

Analyst Ratings Changes

SKY has been the subject of a number of recent research reports. Zelman & Associates upgraded Champion Homes from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 5th. Barclays reduced their price objective on shares of 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. Finally, Royal Bank Of Canada decreased their price objective on shares of 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 investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $80.60.

View Our Latest Report on SKY

Champion Homes Price Performance

Shares of SKY stock traded up $3.48 during mid-day trading on Tuesday, hitting $66.09. The company had a trading volume of 870,805 shares, compared to its average volume of 610,607. Champion Homes, Inc. has a 52-week low of $59.44 and a 52-week high of $116.49. The stock's 50 day moving average price is $75.65 and its 200-day moving average price is $87.17. 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 company has a market capitalization of $3.79 billion, a P/E ratio of 19.32 and a beta of 1.16.

Champion Homes (NYSE:SKY - Get Free Report) last announced its quarterly earnings results 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 analysts' expectations of $595.42 million. During the same quarter in the previous year, the firm earned $0.62 EPS. The firm's revenue for the quarter was up .7% compared to the same quarter last year. 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 authorized a stock repurchase plan on Friday, May 30th that permits the company to buyback $50.00 million in shares. This buyback authorization permits 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 board of directors believes its stock is undervalued.

Champion Homes Company Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Champion Homes (NYSE:SKY)

Should You Invest $1,000 in Champion Homes Right Now?

Before you consider Champion Homes, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Champion Homes wasn't on the list.

While Champion Homes currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

13 Stocks Institutional Investors Won't Stop Buying Cover

Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

5 Stocks to BUY NOW in July 2025
3 Defense Stocks Under $10 With Massive Upside
NVIDIA: Another 200% Growth Ahead? (PLUS 2 Companies Riding Along)

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines