Wasatch Advisors LP Purchases 1,885,046 Shares of Champion Homes, Inc. $SKY

Wasatch Advisors LP grew its holdings in shares of Champion Homes, Inc. (NYSE:SKY) by 221.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,736,767 shares of the company’s stock after purchasing an additional 1,885,046 shares during the quarter. Champion Homes makes up approximately 1.4% of Wasatch Advisors LP’s holdings, making the stock its 23rd biggest position. Wasatch Advisors LP owned about 4.95% of Champion Homes worth $203,533,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SKY. Louisiana State Employees Retirement System purchased a new position in shares of Champion Homes in the first quarter worth approximately $1,822,000. SG Americas Securities LLC grew its position in Champion Homes by 56.6% during the first quarter. SG Americas Securities LLC now owns 21,723 shares of the company’s stock valued at $1,616,000 after buying an additional 7,854 shares during the period. Rockefeller Capital Management L.P. increased its holdings in Champion Homes by 49,831.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 70,902 shares of the company’s stock valued at $5,991,000 after buying an additional 70,760 shares during the last quarter. Corient Private Wealth LLC purchased a new stake in Champion Homes during the fourth quarter valued at approximately $216,000. Finally, Invesco Ltd. raised its position in Champion Homes by 35.4% in the fourth quarter. Invesco Ltd. now owns 931,016 shares of the company’s stock worth $78,671,000 after acquiring an additional 243,614 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Barclays dropped their price target on shares of Champion Homes from $106.00 to $94.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 27th. Weiss Ratings cut Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. UBS Group began coverage on Champion Homes in a report on Friday, June 5th. They issued a “buy” rating and a $93.00 target price on the stock. Citigroup initiated coverage on Champion Homes in a research report on Friday, June 5th. They set a “buy” rating and a $93.00 target price on the stock. Finally, Zacks Research lowered Champion Homes from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.00.

Insider Transactions at Champion Homes

In other news, EVP Joseph A. Kimmell sold 4,000 shares of Champion Homes stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $75.91, for a total transaction of $303,640.00. Following the sale, the executive vice president owned 32,118 shares in the company, valued at $2,438,077.38. This trade represents a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.20% of the stock is currently owned by company insiders.

Champion Homes Stock Performance

NYSE SKY opened at $88.79 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.48 and a debt-to-equity ratio of 0.01. Champion Homes, Inc. has a twelve month low of $60.13 and a twelve month high of $99.17. The business has a 50-day moving average price of $76.19 and a 200-day moving average price of $82.02. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 24.26 and a beta of 1.04.

Champion Homes (NYSE:SKY) last issued its earnings results on Wednesday, May 13th. The company reported $999.00 earnings per share (EPS) for the quarter. Champion Homes had a return on equity of 13.80% and a net margin of 7.77%. As a group, equities research analysts predict that Champion Homes, Inc. will post 3.4 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.