Philadelphia Financial Management of San Francisco LLC Makes New $6.27 Million Investment in Champion Homes, Inc. $SKY

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

Several other hedge funds also recently bought and sold shares of the stock. UMB Bank n.a. grew its position 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 buying an additional 138 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Champion Homes during the fourth quarter worth about $26,000. Kestra Advisory Services LLC bought a new position in Champion Homes in the 4th quarter valued at $26,000. Parallel Advisors LLC lifted its position in Champion Homes by 668.6% in the 1st quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock worth $29,000 after buying an additional 341 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Champion Homes during the third quarter valued at $35,000.

Insiders Place Their Bets

In related news, EVP Joseph A. Kimmell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $75.91, for a total transaction of $303,640.00. Following the completion of the sale, the executive vice president owned 32,118 shares of the company’s stock, valued at $2,438,077.38. This represents a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Erin Claire Helgren sold 1,100 shares of Champion Homes stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $95.00, for a total value of $104,500.00. Following the completion of the transaction, the director directly owned 8,196 shares of the company’s stock, valued at approximately $778,620. This represents a 11.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 14,522 shares of company stock valued at $1,147,665 over the last ninety days. 0.60% of the stock is owned by insiders.

Champion Homes Stock Up 0.2%

Shares of SKY traded up $0.20 during trading on Friday, reaching $90.23. The company’s stock had a trading volume of 369,082 shares, compared to its average volume of 715,004. Champion Homes, Inc. has a twelve month low of $63.69 and a twelve month high of $99.17. The company has a market cap of $4.90 billion, a price-to-earnings ratio of 26.31 and a beta of 1.01. The company has a fifty day moving average of $86.28 and a two-hundred day moving average of $81.62. 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 (NYSE:SKY) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.87 by $0.01. Champion Homes had a return on equity of 12.52% and a net margin of 7.16%.The business had revenue of $710.23 million for the quarter, compared to analyst estimates of $701.98 million. During the same quarter in the previous year, the firm earned $1.19 EPS. Champion Homes’s quarterly revenue was up 1.3% on a year-over-year basis. On average, sell-side analysts predict that Champion Homes, Inc. will post 3.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SKY. Zelman & Associates raised shares of Champion Homes from a “hold” rating to an “outperform” rating in a report on Thursday, August 6th. UBS Group lifted their price target on Champion Homes from $93.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Royal Bank Of Canada lifted their price objective on Champion Homes from $92.00 to $99.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Weiss Ratings raised shares of Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Finally, Zacks Research raised shares of Champion Homes from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. 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 company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $104.00.

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.