Clough Capital Partners L P Makes New $2.11 Million Investment in Champion Homes, Inc. $SKY

Clough Capital Partners L P purchased a new position in shares of Champion Homes, Inc. (NYSE:SKY) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 27,684 shares of the company’s stock, valued at approximately $2,114,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SKY. Parkside Financial Bank & Trust boosted its holdings 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 position in shares of Champion Homes in the 3rd quarter valued at $30,000. AdvisorNet Financial Inc acquired a new position in Champion Homes in the third quarter worth about $50,000. Nisa Investment Advisors LLC boosted its stake in Champion Homes by 33.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 853 shares of the company’s stock valued at $65,000 after buying an additional 215 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in Champion Homes in the second quarter valued at $92,000.

Champion Homes Stock Down 0.3%

NYSE SKY opened at $77.43 on Friday. The stock has a market capitalization of $4.28 billion, a P/E ratio of 20.59 and a beta of 1.02. Champion Homes, Inc. has a 52 week low of $59.44 and a 52 week high of $99.17. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.89 and a current ratio of 2.71. The stock has a fifty day moving average of $89.21 and a 200-day moving average of $82.05.

Champion Homes (NYSE:SKY) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.13. The business 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%.The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.04 earnings per share. On average, equities research analysts forecast that Champion Homes, Inc. will post 3.63 EPS for the current year.

Insider Activity

In other news, EVP Joseph A. Kimmell sold 2,880 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were 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 approximately $4,219,178.25. This trade represents a 5.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SKY shares. Royal Bank Of Canada reissued an “outperform” rating and set a $101.00 price objective on shares of Champion Homes in a report on Friday, January 9th. Zelman & Associates lowered shares of Champion Homes from an “outperform” rating to a “hold” rating in a report on Thursday, February 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, January 21st. Barclays upped 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. Finally, CJS Securities raised Champion Homes to a “strong-buy” rating in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $106.00.

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.