Ranger Investment Management L.P. Takes $16.38 Million Position in Champion Homes, Inc. $SKY

Ranger Investment Management L.P. bought a new position in shares of Champion Homes, Inc. (NYSE:SKYFree Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 185,831 shares of the company’s stock, valued at approximately $16,375,000. Ranger Investment Management L.P. owned about 0.34% of Champion Homes as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of SKY. BlackRock Inc. acquired a new position in Champion Homes in the 2nd quarter valued at about $794,354,000. Wasatch Advisors LP lifted its position in Champion Homes by 221.3% during the first quarter. Wasatch Advisors LP now owns 2,736,767 shares of the company’s stock worth $203,533,000 after acquiring an additional 1,885,046 shares during the last quarter. Marshall Wace LLP lifted its position in 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 acquiring an additional 1,285,768 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Champion Homes during the fourth quarter worth approximately $90,282,000. Finally, Bank of Montreal Can boosted its holdings in shares of Champion Homes by 14,014.0% during the fourth quarter. Bank of Montreal Can now owns 826,232 shares of the company’s stock worth $69,817,000 after acquiring an additional 820,378 shares during the period.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SKY shares. Citigroup assumed coverage on Champion Homes in a research note on Friday, June 5th. They set a “buy” rating and a $93.00 target price on the stock. Zacks Research upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Weiss Ratings raised Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. UBS Group increased their price objective on Champion Homes from $93.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Barclays lifted their target price on Champion Homes from $102.00 to $109.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $104.00.

Get Our Latest Report on SKY

Insider Buying and Selling

In other Champion Homes news, Director Michael B. Berman sold 1,500 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $93.22, for a total transaction of $139,830.00. Following the transaction, the director owned 6,825 shares in the company, valued at $636,226.50. This trade represents a 18.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Erin Claire Helgren sold 1,100 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $95.00, for a total value of $104,500.00. Following the transaction, the director owned 8,196 shares in the company, valued at approximately $778,620. This trade represents a 11.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 14,522 shares of company stock valued at $1,147,665 over the last 90 days. 0.60% of the stock is owned by corporate insiders.

Champion Homes Stock Performance

Shares of NYSE:SKY opened at $90.44 on Monday. The company’s 50 day moving average price is $85.46 and its two-hundred day moving average price is $81.36. Champion Homes, Inc. has a 12-month low of $63.69 and a 12-month high of $99.17. The firm has a market cap of $4.91 billion, a PE ratio of 26.37 and a beta of 1.01. The company has a quick ratio of 1.97, a current ratio of 2.74 and a debt-to-equity ratio of 0.01.

Champion Homes (NYSE:SKYGet Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.87 by $0.01. Champion Homes had a net margin of 7.16% and a return on equity of 12.52%. The company had revenue of $710.23 million for the quarter, compared to analysts’ expectations of $701.98 million. During the same period last year, the firm earned $1.19 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities research analysts predict that Champion Homes, Inc. will post 3.4 earnings per share for the current year.

Champion Homes Company Profile

(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.

See Also

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

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