PEAK6 LLC Purchases New Stake in Champion Homes, Inc. $SKY

PEAK6 LLC acquired a new position in shares of Champion Homes, Inc. (NYSE:SKY) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 51,064 shares of the company’s stock, valued at approximately $4,500,000.

Several other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Champion Homes in the 2nd quarter worth $794,354,000. Wasatch Advisors LP grew its holdings in shares of Champion Homes by 221.3% in the first quarter. Wasatch Advisors LP now owns 2,736,767 shares of the company’s stock valued at $203,533,000 after purchasing an additional 1,885,046 shares during the period. Marshall Wace LLP raised its stake 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 purchasing an additional 1,285,768 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new position in Champion Homes in the 4th quarter valued at about $90,282,000. Finally, Bank of Montreal Can raised its position in shares of Champion Homes by 14,014.0% during the 4th quarter. Bank of Montreal Can now owns 826,232 shares of the company’s stock valued at $69,817,000 after buying an additional 820,378 shares during the period.

Insider Transactions at Champion Homes

In related news, Director Michael B. Berman sold 1,500 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $93.22, for a total value of $139,830.00. Following the transaction, the director owned 6,825 shares of the company’s stock, valued at $636,226.50. This represents a 18.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Joseph A. Kimmell sold 4,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $75.91, for a total value 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 14,522 shares of company stock valued at $1,147,665. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SKY shares. Zacks Research upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Citigroup started coverage on shares of Champion Homes in a report on Friday, June 5th. They issued a “buy” rating and a $93.00 price objective on the stock. Barclays increased their price objective on shares of Champion Homes from $102.00 to $109.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Royal Bank Of Canada boosted their target price on Champion Homes from $92.00 to $99.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Finally, Zelman & Associates upgraded Champion Homes from a “hold” rating to an “outperform” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $104.00.

Champion Homes Stock Performance

Shares of SKY opened at $90.44 on Monday. The stock has a 50-day simple moving average of $85.46 and a 200-day simple moving average of $81.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 2.74. The stock has a market capitalization of $4.91 billion, a PE ratio of 26.37 and a beta of 1.01. Champion Homes, Inc. has a 1 year low of $63.69 and a 1 year high of $99.17.

Champion Homes (NYSE:SKY) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. The business had revenue of $710.23 million during the quarter, compared to the consensus estimate of $701.98 million. Champion Homes had a return on equity of 12.52% and a net margin of 7.16%.The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.19 earnings per share. On average, analysts predict that Champion Homes, Inc. will post 3.4 earnings per share for the current fiscal year.

Champion Homes Company 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.