Champion Homes, Inc. (NYSE:SKY) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its position in Champion Homes, Inc. (NYSE:SKY - Free Report) by 16.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 318,505 shares of the company's stock after selling 61,090 shares during the quarter. Victory Capital Management Inc. owned about 0.56% of Champion Homes worth $30,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of SKY. GAMMA Investing LLC lifted its holdings in shares of Champion Homes by 306.0% during 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. Oppenheimer & Co. Inc. increased its stake in shares of Champion Homes by 142.2% in the first quarter. Oppenheimer & Co. Inc. now owns 7,394 shares of the company's stock worth $701,000 after purchasing an additional 4,341 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Champion Homes by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 262,811 shares of the company's stock worth $24,904,000 after purchasing an additional 5,887 shares in the last quarter. New York State Teachers Retirement System increased its holdings in shares of Champion Homes by 3.4% in the first quarter. New York State Teachers Retirement System now owns 12,300 shares of the company's stock worth $1,166,000 after purchasing an additional 400 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in 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 acquiring an additional 10,107 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Zelman & Associates raised Champion Homes from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 5th. Royal Bank Of Canada decreased their target price 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. Finally, Barclays reduced 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. Six 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 currently has a consensus rating of "Hold" and a consensus price target of $80.60.

Champion Homes Stock Up 5.1%

NYSE SKY traded up $3.28 during trading hours on Tuesday, hitting $67.29. 534,814 shares of the company traded hands, compared to its average volume of 613,775. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 19.67 and a beta of 1.16. 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 business's 50-day moving average is $69.92 and its 200-day moving average is $84.58. Champion Homes, Inc. has a twelve month low of $59.44 and a twelve month high of $116.49.

Champion Homes (NYSE:SKY - Get Free Report) last released its earnings results on Tuesday, May 27th. The company reported $0.65 earnings per share 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 business had revenue of $593.87 million for the quarter, compared to the consensus estimate of $595.42 million. During the same quarter in the previous year, the company earned $0.62 earnings per share. The firm's revenue for the quarter was up .7% on a year-over-year basis. Sell-side analysts anticipate 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 buyback program on Friday, May 30th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 1.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are 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.