Champion Homes, Inc. $SKY Shares Sold by Summit Partners Public Asset Management LLC

Summit Partners Public Asset Management LLC reduced its position in Champion Homes, Inc. (NYSE:SKYFree Report) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 470,832 shares of the company’s stock after selling 21,938 shares during the quarter. Summit Partners Public Asset Management LLC’s holdings in Champion Homes were worth $39,785,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Wellington Management Group LLP boosted its holdings in shares of Champion Homes by 7.5% in the third quarter. Wellington Management Group LLP now owns 4,800,562 shares of the company’s stock valued at $366,619,000 after acquiring an additional 333,666 shares during the period. State Street Corp boosted its holdings in shares of Champion Homes by 4.0% in the second quarter. State Street Corp now owns 2,579,091 shares of the company’s stock valued at $161,477,000 after acquiring an additional 98,659 shares during the period. Capital Research Global Investors boosted its holdings in shares of Champion Homes by 1.1% in the third quarter. Capital Research Global Investors now owns 1,762,378 shares of the company’s stock valued at $134,593,000 after acquiring an additional 19,784 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Champion Homes by 8.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,655,633 shares of the company’s stock valued at $139,904,000 after acquiring an additional 125,114 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Champion Homes by 7.0% in the third quarter. Ameriprise Financial Inc. now owns 1,411,351 shares of the company’s stock valued at $107,785,000 after acquiring an additional 91,989 shares during the period.

Insider Transactions at Champion Homes

In other Champion Homes news, EVP Joseph A. Kimmell sold 7,922 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $75.70, for a total value of $599,695.40. Following the completion of the transaction, the executive vice president owned 36,118 shares in the company, valued at approximately $2,734,132.60. This represents a 17.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SKY. Barclays decreased their price objective on Champion Homes from $106.00 to $94.00 and set an “overweight” rating for the company in a report on Wednesday, May 27th. Zacks Research downgraded Champion Homes from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 27th. Citigroup initiated coverage on Champion Homes in a report on Friday, June 5th. They set a “buy” rating and a $93.00 price target for the company. Weiss Ratings downgraded Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. Finally, UBS Group started coverage on Champion Homes in a report on Friday, June 5th. They set a “buy” rating and a $93.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.00.

Read Our Latest Stock Analysis on SKY

Champion Homes Stock Up 2.8%

SKY stock opened at $80.78 on Wednesday. Champion Homes, Inc. has a one year low of $59.44 and a one year high of $99.17. The stock has a market capitalization of $4.43 billion, a PE ratio of 22.07 and a beta of 1.04. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 2.48. The company has a fifty day moving average of $75.03 and a 200-day moving average of $82.03.

Champion Homes (NYSE:SKYGet Free Report) last released its quarterly earnings data 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%. As a group, analysts expect that Champion Homes, Inc. will post 3.4 EPS for the current year.

About Champion Homes

(Free Report)

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

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