Connor Clark & Lunn Investment Management Ltd. Invests $4.38 Million in Champion Homes, Inc. $SKY

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Champion Homes, Inc. (NYSE:SKY) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 49,665 shares of the company’s stock, valued at approximately $4,376,000.

A number of other institutional investors have also made changes to their positions in SKY. Los Angeles Capital Management LLC acquired a new position in Champion Homes during the 4th quarter worth about $26,000. UMB Bank n.a. increased its position in Champion Homes by 78.9% in the 4th quarter. UMB Bank n.a. now owns 313 shares of the company’s stock valued at $26,000 after acquiring an additional 138 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Champion Homes in the fourth quarter worth about $26,000. Parallel Advisors LLC raised its stake in shares of Champion Homes by 668.6% in the first quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock worth $29,000 after acquiring an additional 341 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of Champion Homes during the third quarter worth approximately $35,000.

Insiders Place Their Bets

In other news, 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 directly owned 8,196 shares in the company, valued at $778,620. This trade represents a 11.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph A. Kimmell sold 4,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $75.91, for a total value of $303,640.00. Following the completion of the transaction, the executive vice president owned 32,118 shares in the company, valued at $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 90 days, insiders sold 14,522 shares of company stock valued at $1,147,665. Company insiders own 0.60% of the company’s stock.

Champion Homes Stock Down 1.3%

Shares of NYSE SKY opened at $90.03 on Friday. Champion Homes, Inc. has a 1 year low of $63.69 and a 1 year high of $99.17. The firm’s 50-day moving average is $86.28 and its 200-day moving average is $81.62. The company has a current ratio of 2.74, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $4.89 billion, a PE ratio of 26.25 and a beta of 1.01.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Zacks Research raised shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Weiss Ratings upgraded shares of Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Citigroup started 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. Zelman & Associates upgraded Champion Homes from a “hold” rating to an “outperform” rating in a research report on Thursday, August 6th. Finally, UBS Group lifted their target price on Champion Homes from $93.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. One equities research 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $104.00.

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.