CenterBook Partners LP Decreases Holdings in Champion Homes, Inc. $SKY

CenterBook Partners LP decreased its holdings in Champion Homes, Inc. (NYSE:SKY) by 44.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,031 shares of the company’s stock after selling 35,714 shares during the quarter. CenterBook Partners LP owned about 0.08% of Champion Homes worth $3,439,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SKY. Royal Bank of Canada raised its stake in Champion Homes by 66.1% in the first quarter. Royal Bank of Canada now owns 10,804 shares of the company’s stock valued at $1,024,000 after buying an additional 4,301 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of Champion Homes during the first quarter valued at about $294,000. Millennium Management LLC raised its position in shares of Champion Homes by 712.0% in the 1st quarter. Millennium Management LLC now owns 70,029 shares of the company’s stock valued at $6,636,000 after purchasing an additional 61,405 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Champion Homes by 5.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,519 shares of the company’s stock worth $220,000 after purchasing an additional 183 shares in the last quarter. Finally, TD Asset Management Inc grew its position in Champion Homes by 6.3% during the 2nd quarter. TD Asset Management Inc now owns 21,952 shares of the company’s stock worth $1,374,000 after purchasing an additional 1,294 shares during the last quarter.

Insider Buying and Selling

In related news, EVP Joseph A. Kimmell sold 1,800 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $88.35, for a total transaction of $159,030.00. Following the sale, the executive vice president owned 54,177 shares in the company, valued at approximately $4,786,537.95. This trade represents a 3.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Timothy A. Burkhardt sold 12,183 shares of Champion Homes stock in a transaction 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 directly owned 33,230 shares of the company’s stock, valued at $2,904,634.30. The trade was a 26.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 15,795 shares of company stock worth $1,372,603 in the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Champion Homes Stock Performance

NYSE SKY opened at $96.64 on Thursday. The firm has a market capitalization of $5.34 billion, a P/E ratio of 25.70 and a beta of 1.09. The stock has a 50-day simple moving average of $88.58 and a two-hundred day simple moving average of $80.05. 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 fifty-two week low of $59.44 and a fifty-two week high of $104.98.

Champion Homes (NYSE:SKY) last posted its earnings results on Tuesday, February 3rd. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.83 by $0.13. The firm had revenue of $656.61 million for the quarter, compared to analyst estimates of $649.40 million. Champion Homes had a return on equity of 13.85% and a net margin of 8.10%.Champion Homes’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the company earned $1.04 earnings per share. On average, equities analysts forecast that Champion Homes, Inc. will post 3.63 earnings per share for the current year.

Analyst Ratings Changes

SKY has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, January 21st. CJS Securities upgraded Champion Homes to a “strong-buy” rating in a research note on Thursday, December 11th. Zacks Research raised Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Zelman & Associates cut Champion Homes from an “outperform” rating to a “hold” rating in a research note on Thursday, February 5th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $101.00 target price on shares of Champion Homes in a report on Friday, January 9th. One equities research 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. According to data from MarketBeat, Champion Homes presently has a consensus rating of “Moderate Buy” and an average target price of $106.00.

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.