15,400 Shares in Champion Homes, Inc. $SKY Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC bought a new stake in Champion Homes, Inc. (NYSE:SKY) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 15,400 shares of the company’s stock, valued at approximately $1,145,000.

Other large investors also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership boosted its position in shares of Champion Homes by 597.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 57,112 shares of the company’s stock worth $4,247,000 after buying an additional 48,919 shares during the period. Gibbs Wealth Management lifted its stake in Champion Homes by 67.5% during the 1st quarter. Gibbs Wealth Management now owns 13,498 shares of the company’s stock worth $1,004,000 after acquiring an additional 5,441 shares in the last quarter. Sei Investments Co. boosted its holdings in Champion Homes by 279.2% during the 1st quarter. Sei Investments Co. now owns 177,222 shares of the company’s stock valued at $13,180,000 after acquiring an additional 130,490 shares during the period. Militia Capital Management LLC purchased a new position in Champion Homes during the 1st quarter valued at about $1,398,000. Finally, Meeder Asset Management Inc. boosted its stake in shares of Champion Homes by 1,559.9% in the first quarter. Meeder Asset Management Inc. now owns 20,450 shares of the company’s stock valued at $1,521,000 after purchasing an additional 19,218 shares during the period.

Wall Street Analyst Weigh In

SKY has been the subject of a number of research reports. Zelman & Associates upgraded shares of Champion Homes from a “hold” rating to an “outperform” rating in a report on Thursday, August 6th. Weiss Ratings raised shares of Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Royal Bank Of Canada boosted their price target on shares of Champion Homes from $92.00 to $99.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Citigroup began coverage on Champion Homes in a research report on Friday, June 5th. They set a “buy” rating and a $93.00 price objective on the stock. Finally, UBS Group increased their price objective on Champion Homes from $93.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. One investment 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’s stock. According to MarketBeat.com, Champion Homes has an average rating of “Moderate Buy” and an average target price of $104.00.

Insider Activity

In related news, Director Erin Claire Helgren sold 1,100 shares of the stock in a transaction on Friday, August 7th. The shares were 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 $778,620. This trade represents a 11.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Joseph A. Kimmell sold 7,922 shares of Champion Homes stock in a transaction on Friday, June 5th. The stock was sold at an average price of $75.70, for a total transaction of $599,695.40. Following the sale, the executive vice president owned 36,118 shares in the company, valued at $2,734,132.60. This represents a 17.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 14,522 shares of company stock worth $1,147,665. Corporate insiders own 0.60% of the company’s stock.

Champion Homes Trading Up 2.4%

SKY opened at $96.11 on Friday. 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 one year low of $63.69 and a one year high of $99.17. The company has a market cap of $5.22 billion, a P/E ratio of 28.02 and a beta of 1.01. The business’s 50-day simple moving average is $83.68 and its 200-day simple moving average is $80.99.

Champion Homes (NYSE:SKY) last announced its quarterly 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. The firm had revenue of $710.23 million during the quarter, compared to the consensus estimate of $701.98 million. Champion Homes had a return on equity of 12.52% and a net margin of 7.16%.The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.19 earnings per share. As a group, equities research analysts expect that Champion Homes, Inc. will post 3.4 EPS for the current fiscal year.

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.