Legal & General Group Plc trimmed its position in shares of Champion Homes, Inc. (NYSE:SKY – Free Report) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 143,911 shares of the company’s stock after selling 8,362 shares during the period. Legal & General Group Plc’s holdings in Champion Homes were worth $12,160,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in SKY. Marshall Wace LLP increased its stake in shares of Champion Homes by 1,149.3% during the third quarter. Marshall Wace LLP now owns 1,397,642 shares of the company’s stock worth $106,738,000 after buying an additional 1,285,768 shares during the period. Invesco Ltd. increased its stake in shares of Champion Homes by 150.6% during the second quarter. Invesco Ltd. now owns 655,107 shares of the company’s stock worth $41,016,000 after buying an additional 393,686 shares during the period. Wasatch Advisors LP increased its stake in shares of Champion Homes by 48.0% during the third quarter. Wasatch Advisors LP now owns 1,148,641 shares of the company’s stock worth $87,722,000 after buying an additional 372,548 shares during the period. Wellington Management Group LLP increased its stake in shares of Champion Homes by 7.5% during the third quarter. Wellington Management Group LLP now owns 4,800,562 shares of the company’s stock worth $366,619,000 after buying an additional 333,666 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Champion Homes during the second quarter worth approximately $20,242,000.
Analyst Ratings Changes
A number of analysts recently weighed in on SKY shares. Zelman & Associates lowered shares of Champion Homes from an “outperform” rating to a “hold” rating in a research note on Thursday, February 5th. Weiss Ratings lowered shares of Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. Barclays cut their target price on shares of Champion Homes from $106.00 to $94.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 27th. Royal Bank Of Canada cut their target price on shares of Champion Homes from $101.00 to $92.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 27th. Finally, Zacks Research lowered shares of Champion Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Champion Homes presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.
Insider Buying and Selling at Champion Homes
In other news, EVP Joseph A. Kimmell sold 2,880 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $82.25, for a total value of $236,880.00. Following the completion of the sale, the executive vice president directly owned 51,297 shares of the company’s stock, valued at approximately $4,219,178.25. This represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.
Champion Homes Stock Performance
Shares of SKY opened at $72.63 on Thursday. The stock has a 50 day moving average price of $74.44 and a 200 day moving average price of $82.25. The company has a quick ratio of 1.69, a current ratio of 2.48 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 19.84 and a beta of 1.04. Champion Homes, Inc. has a 52-week low of $59.44 and a 52-week high of $99.17.
Champion Homes (NYSE:SKY – Get Free Report) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $999.00 earnings per share (EPS) for the quarter. Champion Homes had a return on equity of 13.80% and a net margin of 7.77%. Research analysts predict that Champion Homes, Inc. will post 3.4 EPS for the current fiscal year.
Champion Homes Company Profile
Champion Homes, traded under the NYSE ticker SKY, operates as a leading provider of factory-built housing solutions in North America. The company specializes in the design, manufacture and sale of manufactured and modular homes, serving a broad spectrum of customers from first-time homebuyers to those seeking upscale residential properties. Champion Homes leverages vertically integrated operations to streamline production, ensuring consistent quality and cost efficiencies across its product lines.
The company’s product portfolio encompasses single- and multi-section modular homes, manufactured home models, park models and select commercial modular buildings.
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