Night Squared LP bought a new position in Champion Homes, Inc. (NYSE:SKY – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 50,024 shares of the company’s stock, valued at approximately $4,227,000.
Several other hedge funds and other institutional investors also recently modified their holdings of SKY. UMB Bank n.a. boosted its holdings in shares of Champion Homes by 78.9% during the fourth quarter. UMB Bank n.a. now owns 313 shares of the company’s stock valued at $26,000 after acquiring an additional 138 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Champion Homes during the fourth quarter valued at $26,000. Kestra Advisory Services LLC acquired a new position in shares of Champion Homes during the fourth quarter valued at $26,000. Advisory Services Network LLC acquired a new position in shares of Champion Homes during the third quarter valued at $35,000. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Champion Homes by 258.3% during the fourth quarter. Hantz Financial Services Inc. now owns 559 shares of the company’s stock valued at $47,000 after acquiring an additional 403 shares during the period.
Analyst Ratings Changes
Several equities analysts have recently issued reports on SKY shares. Zacks Research downgraded shares of Champion Homes from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 27th. Royal Bank Of Canada cut their price objective on Champion Homes from $101.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. UBS Group began coverage on Champion Homes in a report on Friday, June 5th. They issued a “buy” rating and a $93.00 price objective for the company. Citigroup began coverage on Champion Homes in a research report on Friday, June 5th. They set a “buy” rating and a $93.00 target price on the stock. Finally, Barclays cut their target price on Champion Homes from $106.00 to $94.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.
Insider Activity
In other news, EVP Joseph A. Kimmell sold 4,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $75.91, for a total transaction of $303,640.00. Following the completion of the sale, the executive vice president owned 32,118 shares in the company, valued at approximately $2,438,077.38. This represents a 11.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.
Champion Homes Stock Performance
Shares of SKY stock opened at $80.78 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.48 and a quick ratio of 1.69. Champion Homes, Inc. has a fifty-two week low of $59.44 and a fifty-two week high of $99.17. The stock’s 50-day moving average is $75.03 and its two-hundred day moving average is $82.03. The firm has a market cap of $4.43 billion, a P/E ratio of 22.07 and a beta of 1.04.
Champion Homes (NYSE:SKY – Get Free Report) last issued its earnings results on Wednesday, May 13th. The company reported $999.00 earnings per share for the quarter. Champion Homes had a return on equity of 13.80% and a net margin of 7.77%. Analysts predict that Champion Homes, Inc. will post 3.4 earnings per share for the current fiscal year.
Champion Homes 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.
Read More
- Five stocks we like better than Champion Homes
- Gravity Check: Houston, SpaceX Has a Valuation Problem
- Strategy’s Bitcoin Rally Has a Hidden Engine
- Okta’s AI Moment May Be Bigger Than Investors Realize
- 3 Rate-Ready Stocks for the New Fed Chair’s First Big Test
Want to see what other hedge funds are holding SKY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Champion Homes, Inc. (NYSE:SKY – Free Report).
Receive News & Ratings for Champion Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Champion Homes and related companies with MarketBeat.com's FREE daily email newsletter.
