Clough Capital Partners L P Invests $2.11 Million in Champion Homes, Inc. $SKY

Clough Capital Partners L P acquired a new stake in shares of Champion Homes, Inc. (NYSE:SKY) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 27,684 shares of the company’s stock, valued at approximately $2,114,000.

Other institutional investors have also bought and sold shares of the company. Bank of America Corp DE boosted its holdings in shares of Champion Homes by 12.8% in the third quarter. Bank of America Corp DE now owns 403,146 shares of the company’s stock valued at $30,788,000 after acquiring an additional 45,708 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Champion Homes by 7.0% during the third quarter. Ameriprise Financial Inc. now owns 1,411,351 shares of the company’s stock worth $107,785,000 after purchasing an additional 91,989 shares in the last quarter. Creative Planning lifted its position in Champion Homes by 94.6% in the third quarter. Creative Planning now owns 13,443 shares of the company’s stock worth $1,027,000 after purchasing an additional 6,535 shares during the period. Raymond James Financial Inc. boosted its stake in Champion Homes by 18.4% during the 3rd quarter. Raymond James Financial Inc. now owns 105,162 shares of the company’s stock valued at $8,031,000 after purchasing an additional 16,353 shares in the last quarter. Finally, Amundi boosted its stake in Champion Homes by 13.8% during the 3rd quarter. Amundi now owns 9,917 shares of the company’s stock valued at $689,000 after purchasing an additional 1,201 shares in the last quarter.

Analyst Upgrades and Downgrades

SKY has been the topic of a number of research reports. Zelman & Associates downgraded Champion Homes from an “outperform” rating to a “hold” rating in a research note on Thursday, February 5th. CJS Securities raised Champion Homes to a “strong-buy” rating in a report on Thursday, December 11th. Barclays boosted their price target on shares of 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 reissued a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $101.00 price objective on shares of Champion Homes in a research report on Friday, January 9th. One 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 stock. According to data from MarketBeat.com, Champion Homes currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.00.

Insider Activity

In other Champion Homes news, EVP Joseph A. Kimmell sold 2,880 shares of Champion Homes stock in a transaction on Friday, March 6th. The shares were sold at an average price of $82.25, for a total transaction of $236,880.00. Following the completion of the sale, the executive vice president owned 51,297 shares of the company’s stock, valued at $4,219,178.25. This trade represents a 5.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by company insiders.

Champion Homes Trading Down 0.3%

Champion Homes stock opened at $77.43 on Friday. The company has a 50 day moving average price of $89.21 and a 200 day moving average price of $82.05. 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 firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of 20.59 and a beta of 1.02.

Champion Homes (NYSE:SKY) last announced its 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. Champion Homes had a net margin of 8.10% and a return on equity of 13.85%. The company had revenue of $656.61 million for the quarter, compared to the consensus estimate of $649.40 million. During the same period in the previous year, the business earned $1.04 EPS. The company’s revenue was up 1.8% on a year-over-year basis. Research analysts forecast that Champion Homes, Inc. will post 3.63 EPS for the current 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.