Lighthouse Investment Partners LLC Buys 24,546 Shares of Champion Homes, Inc. $SKY

Lighthouse Investment Partners LLC lifted its stake in Champion Homes, Inc. (NYSE:SKY) by 29.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,149 shares of the company’s stock after acquiring an additional 24,546 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in Champion Homes were worth $8,183,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Royal Bank of Canada boosted its holdings in Champion Homes by 66.1% in the first quarter. Royal Bank of Canada now owns 10,804 shares of the company’s stock worth $1,024,000 after purchasing an additional 4,301 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Champion Homes during the 1st quarter valued at $294,000. Millennium Management LLC lifted its holdings in shares of Champion Homes by 712.0% during the 1st quarter. Millennium Management LLC now owns 70,029 shares of the company’s stock valued at $6,636,000 after buying an additional 61,405 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Champion Homes by 29.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 35,922 shares of the company’s stock valued at $2,249,000 after buying an additional 8,242 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey boosted its stake in shares of Champion Homes by 3.6% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 12,112 shares of the company’s stock worth $758,000 after buying an additional 419 shares during the last quarter.

Wall Street Analysts Forecast Growth

SKY has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, January 21st. Zelman & Associates downgraded Champion Homes from an “outperform” rating to a “hold” rating in a report on Thursday, February 5th. CJS Securities raised Champion Homes to a “strong-buy” rating in a research report on Thursday, December 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $101.00 price target on shares of Champion Homes in a research report on Friday, January 9th. Finally, Barclays increased their price objective on shares of Champion Homes from $100.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Champion Homes presently has an average rating of “Moderate Buy” and a consensus price target of $106.00.

Insider Buying and Selling

In other news, EVP Joseph A. Kimmell sold 2,880 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $82.25, for a total value of $236,880.00. Following the transaction, the executive vice president owned 51,297 shares of the company’s stock, valued at $4,219,178.25. This trade represents a 5.32% 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 insiders.

Champion Homes Trading Down 0.3%

NYSE:SKY opened at $77.43 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.71 and a quick ratio of 1.89. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of 20.59 and a beta of 1.02. Champion Homes, Inc. has a one year low of $59.44 and a one year high of $99.17. The business has a fifty day moving average price of $89.21 and a 200-day moving average price of $82.10.

Champion Homes (NYSE:SKY) last announced its earnings results on Tuesday, February 3rd. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.13. The company had revenue of $656.61 million for the quarter, compared to analysts’ expectations of $649.40 million. Champion Homes had a return on equity of 13.85% and a net margin of 8.10%.Champion Homes’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the firm earned $1.04 EPS. Sell-side analysts forecast that Champion Homes, Inc. will post 3.63 EPS for the current 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.