15,500 Shares in Champion Homes, Inc. $SKY Acquired by Versor Investments LP

Versor Investments LP acquired a new position in Champion Homes, Inc. (NYSE:SKY) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 15,500 shares of the company’s stock, valued at approximately $970,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its stake in Champion Homes by 10,171.4% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 719 shares of the company’s stock worth $45,000 after purchasing an additional 712 shares during the period. Byrne Asset Management LLC purchased a new stake in Champion Homes in the 2nd quarter worth approximately $48,000. AlphaQuest LLC lifted its position in Champion Homes by 1,231.3% in the 1st quarter. AlphaQuest LLC now owns 852 shares of the company’s stock worth $81,000 after buying an additional 788 shares in the last quarter. Blue Trust Inc. lifted its position in Champion Homes by 49.8% in the 2nd quarter. Blue Trust Inc. now owns 900 shares of the company’s stock worth $56,000 after buying an additional 299 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Champion Homes by 306.0% in the 1st quarter. GAMMA Investing LLC now owns 1,015 shares of the company’s stock worth $96,000 after buying an additional 765 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SKY. Zacks Research downgraded shares of Champion Homes from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, October 8th. Royal Bank Of Canada increased their target price on shares of Champion Homes from $82.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. Finally, Barclays increased their target price on shares of Champion Homes from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 7th. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $79.50.

Insider Buying and Selling

In related news, EVP Joseph A. Kimmell sold 3,000 shares of Champion Homes stock in a transaction on Friday, August 8th. The shares were sold at an average price of $66.03, for a total value of $198,090.00. Following the transaction, the executive vice president owned 44,568 shares in the company, valued at $2,942,825.04. This trade represents a 6.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.20% of the stock is owned by company insiders.

Champion Homes Stock Up 5.4%

Champion Homes stock opened at $68.33 on Monday. The company has a market capitalization of $3.86 billion, a P/E ratio of 18.17 and a beta of 1.16. The firm’s fifty day simple moving average is $73.63 and its 200-day simple moving average is $72.77. The company has a current ratio of 2.39, a quick ratio of 1.59 and a debt-to-equity ratio of 0.02. Champion Homes, Inc. has a 1-year low of $59.44 and a 1-year high of $116.49.

Champion Homes (NYSE:SKY) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.31. The business had revenue of $701.32 million for the quarter, compared to the consensus estimate of $642.18 million. Champion Homes had a net margin of 8.50% and a return on equity of 14.35%. Champion Homes’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 EPS. Sell-side analysts forecast that Champion Homes, Inc. will post 3.63 earnings per share for the current fiscal year.

Champion Homes Company Profile

Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada.