Sei Investments Co. Buys 130,490 Shares of Champion Homes, Inc. $SKY

Sei Investments Co. raised its stake in shares of Champion Homes, Inc. (NYSE:SKY) by 279.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 177,222 shares of the company’s stock after buying an additional 130,490 shares during the quarter. Sei Investments Co.’s holdings in Champion Homes were worth $13,180,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Alaska Department of Revenue boosted its stake in shares of Champion Homes by 0.4% in the 4th quarter. State of Alaska Department of Revenue now owns 31,563 shares of the company’s stock worth $2,666,000 after buying an additional 138 shares during the last quarter. UMB Bank n.a. increased its position in Champion Homes by 78.9% during the fourth quarter. UMB Bank n.a. now owns 313 shares of the company’s stock valued at $26,000 after acquiring an additional 138 shares during the last quarter. Assetmark Inc. increased its position in Champion Homes by 16.8% during the first quarter. Assetmark Inc. now owns 1,000 shares of the company’s stock valued at $74,000 after acquiring an additional 144 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in Champion Homes by 4.7% in the third quarter. Mackenzie Financial Corp now owns 3,612 shares of the company’s stock valued at $276,000 after acquiring an additional 161 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in Champion Homes by 0.4% in the first quarter. Bessemer Group Inc. now owns 47,664 shares of the company’s stock valued at $3,544,000 after acquiring an additional 184 shares during the period.

Champion Homes Trading Up 0.2%

Shares of SKY opened at $80.47 on Friday. Champion Homes, Inc. has a twelve month low of $60.13 and a twelve month high of $99.17. The company has a market cap of $4.42 billion, a P/E ratio of 21.99 and a beta of 1.00. The company has a current ratio of 2.48, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. The company’s fifty day simple moving average is $80.27 and its 200-day simple moving average is $81.36.

Champion Homes (NYSE:SKY) last released its quarterly earnings results on Tuesday, May 26th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.05. The firm had revenue of $621.28 million during the quarter, compared to analysts’ expectations of $607.39 million. Champion Homes had a net margin of 7.77% and a return on equity of 13.80%. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 EPS. As a group, analysts expect that Champion Homes, Inc. will post 3.4 EPS for the current year.

Insider Transactions at Champion Homes

In other Champion Homes news, EVP Joseph A. Kimmell sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $75.91, for a total value of $303,640.00. Following the completion of the sale, the executive vice president owned 32,118 shares of the company’s stock, valued at $2,438,077.38. This trade represents a 11.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

SKY has been the subject of a number of recent research reports. UBS Group started coverage on Champion Homes in a research note on Friday, June 5th. They set a “buy” rating and a $93.00 price target for the company. Zacks Research raised shares of Champion Homes from a “strong sell” rating to a “hold” rating in a report on Monday. Weiss Ratings lowered shares of Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. Barclays upped their price objective on Champion Homes from $94.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Finally, Citigroup assumed coverage on shares of Champion Homes in a research note on Friday, June 5th. They set a “buy” rating and a $93.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Champion Homes presently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

Champion Homes 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.