Night Squared LP Buys New Position in Champion Homes, Inc. $SKY

Night Squared LP bought a new stake in shares of Champion Homes, Inc. (NYSE:SKY) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 50,024 shares of the company’s stock, valued at approximately $4,227,000. Night Squared LP owned 0.09% of Champion Homes as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. UMB Bank n.a. raised its holdings in shares of Champion Homes by 78.9% during the 4th quarter. UMB Bank n.a. now owns 313 shares of the company’s stock valued at $26,000 after buying an additional 138 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Champion Homes during the 4th quarter valued at about $26,000. Kestra Advisory Services LLC purchased a new stake in shares of Champion Homes during the 4th quarter valued at about $26,000. Advisory Services Network LLC purchased a new stake in shares of Champion Homes during the 3rd quarter valued at about $35,000. Finally, Hantz Financial Services Inc. raised its holdings in shares of Champion Homes by 258.3% during the 4th quarter. Hantz Financial Services Inc. now owns 559 shares of the company’s stock valued at $47,000 after buying an additional 403 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. UBS Group assumed coverage on Champion Homes in a report on Friday, June 5th. They set a “buy” rating and a $93.00 target price on the stock. Royal Bank Of Canada dropped their target price on Champion Homes from $101.00 to $92.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Barclays dropped their target price on Champion Homes from $106.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday, May 27th. Weiss Ratings downgraded Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. Finally, Citigroup assumed coverage on Champion Homes in a report on Friday, June 5th. They set a “buy” rating and a $93.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Champion Homes currently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Champion Homes Price Performance

SKY stock opened at $80.78 on Wednesday. The company has a quick ratio of 1.69, a current ratio of 2.48 and a debt-to-equity ratio of 0.01. Champion Homes, Inc. has a 52-week low of $59.44 and a 52-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 company has a market capitalization of $4.43 billion, a PE ratio of 22.07 and a beta of 1.04.

Champion Homes (NYSE:SKY) last posted 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%. Analysts predict that Champion Homes, Inc. will post 3.4 earnings per share for the current fiscal year.

Insider Transactions at Champion Homes

In other Champion Homes news, EVP Joseph A. Kimmell sold 4,000 shares of Champion Homes stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $75.91, for a total transaction of $303,640.00. Following the sale, the executive vice president directly owned 32,118 shares in the company, valued at $2,438,077.38. The trade was a 11.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by corporate insiders.

About Champion Homes

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.