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

Lighthouse Investment Partners LLC increased its position in Champion Homes, Inc. (NYSE:SKY) by 29.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,149 shares of the company’s stock after purchasing an additional 24,546 shares during the period. Lighthouse Investment Partners LLC owned 0.19% of Champion Homes worth $8,183,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its position in Champion Homes by 257.4% during the third quarter. Parkside Financial Bank & Trust now owns 386 shares of the company’s stock valued at $29,000 after buying an additional 278 shares during the period. Salomon & Ludwin LLC purchased a new stake in shares of Champion Homes in the 3rd quarter worth about $30,000. AdvisorNet Financial Inc bought a new position in shares of Champion Homes in the 3rd quarter worth about $50,000. Nisa Investment Advisors LLC increased its stake in shares of Champion Homes by 33.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 853 shares of the company’s stock worth $65,000 after acquiring an additional 215 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in Champion Homes during the 2nd quarter valued at about $92,000.

Insider Transactions at Champion Homes

In other Champion Homes news, EVP Joseph A. Kimmell sold 2,880 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $82.25, for a total transaction of $236,880.00. Following the sale, the executive vice president directly owned 51,297 shares in the company, 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 SEC, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SKY shares. CJS Securities raised shares of Champion Homes to a “strong-buy” rating in a research note on Thursday, December 11th. Zelman & Associates lowered shares of Champion Homes from an “outperform” rating to a “hold” rating in a report on Thursday, February 5th. Barclays boosted their price target on Champion Homes from $100.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Weiss Ratings restated a “hold (c)” rating on shares of Champion Homes in a research note on Wednesday, January 21st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $101.00 price objective on shares of Champion Homes in a research report on Friday, January 9th. One 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $106.00.

Champion Homes Stock Performance

Shares of SKY stock opened at $77.43 on Monday. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 20.59 and a beta of 1.02. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.89 and a current ratio of 2.71. Champion Homes, Inc. has a one year low of $59.44 and a one year high of $99.17. The company’s 50-day moving average is $89.21 and its 200 day moving average is $82.10.

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