Philadelphia Financial Management of San Francisco LLC Invests $6.27 Billion in Champion Homes, Inc. $SKY

Philadelphia Financial Management of San Francisco LLC bought a new stake in Champion Homes, Inc. (NYSE:SKY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 71,102 shares of the company’s stock, valued at approximately $6,265,508,000. Philadelphia Financial Management of San Francisco LLC owned about 0.13% of Champion Homes as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in SKY. UMB Bank n.a. increased its stake in shares of 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 in the last quarter. Los Angeles Capital Management LLC purchased a new stake in Champion Homes in the 4th quarter valued at approximately $26,000. Kestra Advisory Services LLC acquired a new stake in Champion Homes during the 4th quarter valued at $26,000. Parallel Advisors LLC increased its position in 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 in the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of Champion Homes in the third quarter worth $35,000.

Analyst Ratings Changes

SKY has been the subject of several analyst reports. UBS Group boosted their target price on shares of Champion Homes from $93.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Citigroup initiated coverage on shares of Champion Homes in a report on Friday, June 5th. They set a “buy” rating and a $93.00 price target for the company. Zelman & Associates raised shares of Champion Homes from a “hold” rating to an “outperform” rating in a research report on Thursday, August 6th. Barclays upped their price objective on shares of Champion Homes from $102.00 to $109.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Champion Homes has a consensus rating of “Moderate Buy” and a consensus price target of $104.00.

Champion Homes Trading Down 0.6%

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

Champion Homes (NYSE:SKY) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. Champion Homes had a return on equity of 12.52% and a net margin of 7.16%.The company had revenue of $710.23 million for the quarter, compared to the consensus estimate of $701.98 million. During the same period last year, the business posted $1.19 EPS. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities research analysts forecast that Champion Homes, Inc. will post 3.4 earnings per share for the current year.

Insider Buying and Selling at Champion Homes

In related news, EVP Joseph A. Kimmell sold 7,922 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $75.70, for a total transaction of $599,695.40. Following the completion of the sale, the executive vice president directly owned 36,118 shares of the company’s stock, valued at approximately $2,734,132.60. This represents a 17.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael B. Berman sold 1,500 shares of the company’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 value of $139,830.00. Following the completion of the transaction, the director owned 6,825 shares of the company’s stock, valued at approximately $636,226.50. This represents a 18.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 14,522 shares of company stock valued at $1,147,665 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.

Champion Homes Company 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.