Kettle Hill Capital Management LLC Buys Shares of 70,343 Champion Homes, Inc. $SKY

Kettle Hill Capital Management LLC bought a new stake in shares of Champion Homes, Inc. (NYSE:SKY) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 70,343 shares of the company’s stock, valued at approximately $5,944,000. Champion Homes makes up approximately 1.3% of Kettle Hill Capital Management LLC’s portfolio, making the stock its 25th biggest position.

Other institutional investors also recently bought and sold shares of the company. Los Angeles Capital Management LLC bought a new position in Champion Homes during the fourth quarter valued at about $26,000. UMB Bank n.a. increased its stake in shares of Champion Homes by 78.9% in the fourth quarter. UMB Bank n.a. now owns 313 shares of the company’s stock worth $26,000 after purchasing an additional 138 shares during the period. Kestra Advisory Services LLC bought a new position in shares of Champion Homes in the fourth quarter worth about $26,000. Advisory Services Network LLC bought a new position in shares of Champion Homes in the third quarter worth about $35,000. Finally, Hantz Financial Services Inc. increased its stake in shares of Champion Homes by 258.3% in the fourth quarter. Hantz Financial Services Inc. now owns 559 shares of the company’s stock worth $47,000 after purchasing an additional 403 shares during the period.

Insiders Place Their Bets

In related news, EVP Joseph A. Kimmell sold 4,000 shares of Champion Homes 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 sale, the executive vice president directly owned 32,118 shares of the company’s stock, valued at $2,438,077.38. This trade represents a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SKY shares. Weiss Ratings lowered Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. Citigroup started coverage on Champion Homes in a research note on Friday, June 5th. They issued a “buy” rating and a $93.00 price objective on the stock. Barclays dropped their price objective on 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 dropped their price objective on 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 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, four have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $93.00.

Champion Homes Stock Down 0.0%

SKY stock opened at $78.63 on Tuesday. Champion Homes, Inc. has a twelve month low of $59.44 and a twelve month high of $99.17. The company has a market cap of $4.32 billion, a PE ratio of 21.48 and a beta of 1.04. The business’s 50-day simple moving average is $74.89 and its 200 day simple moving average is $82.06. 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 (NYSE:SKY) last released 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%. On average, research analysts anticipate that Champion Homes, Inc. will post 3.4 earnings per share for the current 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.