Renaissance Technologies LLC Invests $1.15 Million in Champion Homes, Inc. $SKY

Renaissance Technologies LLC bought a new stake in Champion Homes, Inc. (NYSE:SKY) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,400 shares of the company’s stock, valued at approximately $1,145,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. grew its position in Champion Homes by 78.9% during the 4th quarter. UMB Bank n.a. now owns 313 shares of the company’s stock worth $26,000 after purchasing an additional 138 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Champion Homes in the fourth quarter valued at about $26,000. Kestra Advisory Services LLC purchased a new stake in shares of Champion Homes in the fourth quarter valued at about $26,000. Parallel Advisors LLC boosted its stake in shares of Champion Homes by 668.6% during the first quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock worth $29,000 after buying an additional 341 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of Champion Homes during the third quarter worth about $35,000.

Insiders Place Their Bets

In other Champion Homes news, Director Michael B. Berman sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $93.22, for a total transaction of $139,830.00. Following the transaction, the director owned 6,825 shares in the company, valued at approximately $636,226.50. The trade was a 18.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Erin Claire Helgren sold 1,100 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $95.00, for a total value of $104,500.00. Following the transaction, the director directly owned 8,196 shares of the company’s stock, valued at approximately $778,620. This trade represents a 11.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 14,522 shares of company stock worth $1,147,665. Company insiders own 0.60% of the company’s stock.

Champion Homes Stock Up 2.4%

Shares of NYSE:SKY opened at $96.11 on Friday. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 28.02 and a beta of 1.01. The firm’s 50-day simple moving average is $83.68 and its 200-day simple moving average is $80.99. The company has a quick ratio of 1.97, a current ratio of 2.74 and a debt-to-equity ratio of 0.01. Champion Homes, Inc. has a fifty-two week low of $63.69 and a fifty-two week high of $99.17.

Champion Homes (NYSE:SKY) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.01. The firm had revenue of $710.23 million during the quarter, compared to analysts’ expectations of $701.98 million. Champion Homes had a net margin of 7.16% and a return on equity of 12.52%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.19 earnings per share. As a group, equities research analysts predict that Champion Homes, Inc. will post 3.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SKY shares. Barclays boosted their price target on Champion Homes from $102.00 to $109.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. UBS Group increased their price objective on Champion Homes from $93.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Royal Bank Of Canada lifted their target price on Champion Homes from $92.00 to $99.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Weiss Ratings raised Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Finally, Zacks Research upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $104.00.

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.