Quantinno Capital Management LP Has $2.61 Million Holdings in Champion Homes, Inc. $SKY

Quantinno Capital Management LP boosted its holdings in Champion Homes, Inc. (NYSE:SKY) by 442.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,052 shares of the company’s stock after acquiring an additional 28,585 shares during the period. Quantinno Capital Management LP owned 0.06% of Champion Homes worth $2,607,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Los Angeles Capital Management LLC acquired a new stake in Champion Homes during the 4th quarter worth approximately $26,000. UMB Bank n.a. raised its holdings in Champion Homes by 78.9% in the 4th quarter. UMB Bank n.a. now owns 313 shares of the company’s stock valued at $26,000 after acquiring an additional 138 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Champion Homes during the 4th quarter valued at $26,000. Parallel Advisors LLC lifted its position in shares of Champion Homes by 668.6% during the 1st quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock valued at $29,000 after acquiring an additional 341 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of Champion Homes during the 3rd quarter worth $35,000.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Royal Bank Of Canada increased their price target on shares of Champion Homes from $92.00 to $99.00 and gave the stock an “outperform” rating in a research report on Thursday. Barclays boosted their price target on Champion Homes from $102.00 to $109.00 and gave the stock an “overweight” rating in a report on Thursday. Zacks Research upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Zelman & Associates upgraded Champion Homes from a “hold” rating to an “outperform” rating in a research report on Thursday. Finally, Citigroup started coverage on Champion Homes in a research note on Friday, June 5th. They issued a “buy” rating and a $93.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $104.00.

Insider Activity

In related news, EVP Joseph A. Kimmell sold 7,922 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $75.70, for a total value of $599,695.40. Following the transaction, the executive vice president directly owned 36,118 shares in the company, valued at $2,734,132.60. This trade represents a 17.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is currently owned by corporate insiders.

Champion Homes Price Performance

Shares of SKY opened at $94.78 on Monday. 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, Inc. has a 52-week low of $63.69 and a 52-week high of $99.17. The business’s 50 day moving average price is $81.99 and its two-hundred day moving average price is $80.98. The firm has a market cap of $5.14 billion, a PE ratio of 27.63 and a beta of 1.01.

Champion Homes (NYSE:SKY) last issued its 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 business had revenue of $710.23 million for the quarter, compared to analyst estimates of $701.98 million. Champion Homes had a net margin of 7.16% and a return on equity of 12.52%. Champion Homes’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.19 earnings per share. On average, 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.