Philadelphia Financial Management of San Francisco LLC Acquires New Position in Champion Homes, Inc. $SKY

Philadelphia Financial Management of San Francisco LLC bought a new position in shares of Champion Homes, Inc. (NYSE:SKY) during the second quarter, HoldingsChannel reports. The firm bought 71,102 shares of the company’s stock, valued at approximately $6,265,508,000.

Several other hedge funds also recently made changes to their positions in the company. Bank of America Corp DE bought a new stake in shares of Champion Homes in the 2nd quarter valued at approximately $52,406,000. Man Group plc bought a new stake in Champion Homes during the second quarter valued at $3,268,000. Jupiter Topco LLC acquired a new stake in shares of Champion Homes during the second quarter worth $11,336,000. Hsbc Holdings PLC acquired a new stake in shares of Champion Homes during the second quarter worth $1,142,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Champion Homes in the 2nd quarter worth about $335,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Citigroup initiated coverage on shares of Champion Homes in a research report on Friday, June 5th. They set a “buy” rating and a $93.00 price objective for the company. Royal Bank Of Canada upped their target price on Champion Homes from $92.00 to $99.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. UBS Group raised their price target on Champion Homes from $93.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Zelman & Associates upgraded Champion Homes from a “hold” rating to an “outperform” rating in a research report on Thursday, August 6th. Finally, Barclays upped their price objective on Champion Homes from $102.00 to $109.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $104.00.

Insider Activity at Champion Homes

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

Champion Homes Price Performance

Shares of SKY opened at $91.20 on Thursday. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 26.59 and a beta of 1.01. The stock’s fifty day moving average is $86.15 and its 200-day moving average is $81.58. Champion Homes, Inc. has a one year low of $63.69 and a one year high of $99.17. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 2.74.

Champion Homes (NYSE:SKY) last announced its earnings results on Tuesday, August 4th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. Champion Homes had a net margin of 7.16% and a return on equity of 12.52%. The firm had revenue of $710.23 million during the quarter, compared to analyst estimates of $701.98 million. During the same quarter in the prior year, the firm posted $1.19 EPS. Champion Homes’s revenue was up 1.3% compared to the same quarter last year. Equities analysts anticipate that Champion Homes, Inc. will post 3.4 EPS for the current year.

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.