Man Group plc Buys New Shares in Champion Homes, Inc. $SKY

Man Group plc purchased a new position in shares of Champion Homes, Inc. (NYSE:SKY) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 37,087 shares of the company’s stock, valued at approximately $3,268,000. Man Group plc owned 0.07% of Champion Homes as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SKY. Comerica Bank lifted its position in Champion Homes by 119.9% during the fourth quarter. Comerica Bank now owns 35,543 shares of the company’s stock valued at $3,003,000 after buying an additional 19,377 shares in the last quarter. Militia Capital Management LLC acquired a new stake in shares of Champion Homes in the first quarter worth $1,398,000. Horizon Investments LLC purchased a new position in shares of Champion Homes in the 4th quarter valued at $1,439,000. Union Square Park Capital Management LLC purchased a new position in shares of Champion Homes in the 1st quarter valued at $1,116,000. Finally, William Blair Investment Management LLC acquired a new position in shares of Champion Homes during the 2nd quarter valued at $35,030,000.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SKY shares. Zelman & Associates raised shares of Champion Homes from a “hold” rating to an “outperform” rating in a research report on Thursday, August 6th. Weiss Ratings upgraded Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Zacks Research raised Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Citigroup initiated coverage on Champion Homes in a research note on Friday, June 5th. They issued a “buy” rating and a $93.00 target price for the company. Finally, Royal Bank Of Canada raised their target price on Champion Homes from $92.00 to $99.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $104.00.

Champion Homes Stock Performance

Shares of SKY stock opened at $89.14 on Tuesday. Champion Homes, Inc. has a 12 month low of $63.69 and a 12 month high of $99.17. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.74 and a quick ratio of 1.97. The firm has a market capitalization of $4.84 billion, a P/E ratio of 25.99 and a beta of 1.01. The company’s fifty day moving average price is $86.56 and its two-hundred day moving average price is $81.64.

Champion Homes (NYSE:SKY) last announced its earnings results on Tuesday, August 4th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.01. Champion Homes had a return on equity of 12.52% and a net margin of 7.16%.The company had revenue of $710.23 million during the quarter, compared to the consensus estimate of $701.98 million. During the same period last year, the firm earned $1.19 earnings per share. The company’s revenue was up 1.3% on a year-over-year basis. On average, research analysts anticipate that Champion Homes, Inc. will post 3.4 earnings per share for the current fiscal year.

Insider Activity at Champion Homes

In other Champion Homes news, Director Michael B. Berman sold 1,500 shares of Champion Homes stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $93.22, for a total transaction of $139,830.00. Following the sale, the director directly owned 6,825 shares in the company, valued at $636,226.50. The trade was a 18.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph A. Kimmell sold 7,922 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $75.70, for a total value of $599,695.40. Following the completion of the transaction, the executive vice president directly owned 36,118 shares in the company, valued at approximately $2,734,132.60. The trade was a 17.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 14,522 shares of company stock valued at $1,147,665. Insiders own 0.60% of the company’s stock.

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.