Champion Homes, Inc. $SKY Shares Sold by CenterBook Partners LP

CenterBook Partners LP lowered its holdings in shares of Champion Homes, Inc. (NYSE:SKY) by 44.2% during the third quarter, HoldingsChannel.com reports. The firm owned 45,031 shares of the company’s stock after selling 35,714 shares during the period. CenterBook Partners LP’s holdings in Champion Homes were worth $3,439,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SKY. Parkside Financial Bank & Trust raised its stake in shares of Champion Homes by 257.4% during the 3rd quarter. Parkside Financial Bank & Trust now owns 386 shares of the company’s stock worth $29,000 after buying an additional 278 shares during the period. Salomon & Ludwin LLC acquired a new stake in Champion Homes in the 3rd quarter valued at $30,000. Caitong International Asset Management Co. Ltd increased its holdings 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 acquiring an additional 712 shares in the last quarter. AdvisorNet Financial Inc acquired a new position in Champion Homes during the third quarter worth $50,000. Finally, Nisa Investment Advisors LLC raised its position in Champion Homes by 33.7% during the third quarter. Nisa Investment Advisors LLC now owns 853 shares of the company’s stock worth $65,000 after acquiring an additional 215 shares during the period.

Champion Homes Stock Down 0.4%

NYSE SKY opened at $96.64 on Thursday. The company has a quick ratio of 1.89, a current ratio of 2.71 and a debt-to-equity ratio of 0.01. The firm has a market cap of $5.34 billion, a PE ratio of 25.70 and a beta of 1.09. The business’s fifty day simple moving average is $88.58 and its 200-day simple moving average is $80.05. Champion Homes, Inc. has a 52 week low of $59.44 and a 52 week high of $104.98.

Champion Homes (NYSE:SKY) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.13. The business had revenue of $656.61 million during the quarter, compared to analysts’ expectations of $649.40 million. Champion Homes had a net margin of 8.10% and a return on equity of 13.85%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 EPS. As a group, equities analysts anticipate that Champion Homes, Inc. will post 3.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SKY shares. Zacks Research upgraded shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $101.00 price target on shares of Champion Homes in a research note on Friday, January 9th. CJS Securities upgraded Champion Homes to a “strong-buy” rating in a report on Thursday, December 11th. Barclays boosted their price objective on Champion Homes from $100.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $106.00.

Insider Buying and Selling

In related news, VP Timothy A. Burkhardt sold 12,183 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $87.41, for a total transaction of $1,064,916.03. Following the completion of the transaction, the vice president owned 33,230 shares of the company’s stock, valued at approximately $2,904,634.30. This trade represents a 26.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Joseph A. Kimmell sold 1,800 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $88.35, for a total value of $159,030.00. Following the completion of the sale, the executive vice president directly owned 54,177 shares in the company, valued at approximately $4,786,537.95. The trade was a 3.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 15,795 shares of company stock worth $1,372,603 over the last three months. Insiders own 1.20% of the company’s stock.

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.