Y Intercept Hong Kong Ltd Has $961,000 Holdings in Champion Homes, Inc. $SKY

Y Intercept Hong Kong Ltd lessened its stake in shares of Champion Homes, Inc. (NYSE:SKY) by 60.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,921 shares of the company’s stock after selling 19,447 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Champion Homes were worth $961,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Comerica Bank lifted its holdings in shares of Champion Homes by 119.9% during the fourth quarter. Comerica Bank now owns 35,543 shares of the company’s stock valued at $3,003,000 after acquiring an additional 19,377 shares during the period. Kingdon Capital Management L.L.C. bought a new stake in shares of Champion Homes in the 3rd quarter worth about $11,456,000. Horizon Investments LLC bought a new stake in shares of Champion Homes in the 4th quarter worth about $1,439,000. Lighthouse Investment Partners LLC increased its position in shares of Champion Homes by 29.7% during the 3rd quarter. Lighthouse Investment Partners LLC now owns 107,149 shares of the company’s stock worth $8,183,000 after purchasing an additional 24,546 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Champion Homes by 13,563.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 21,589 shares of the company’s stock worth $1,824,000 after purchasing an additional 21,431 shares in the last quarter.

Champion Homes Price Performance

Shares of NYSE:SKY traded down $1.68 during midday trading on Friday, reaching $81.29. The company’s stock had a trading volume of 646,947 shares, compared to its average volume of 797,447. The business’s fifty day simple moving average is $76.98 and its 200-day simple moving average is $81.84. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.48 and a quick ratio of 1.69. Champion Homes, Inc. has a fifty-two week low of $60.13 and a fifty-two week high of $99.17. The company has a market capitalization of $4.46 billion, a P/E ratio of 22.21 and a beta of 1.00.

Champion Homes (NYSE:SKY) last issued its quarterly earnings results on Tuesday, May 26th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.05. Champion Homes had a net margin of 7.77% and a return on equity of 13.80%. The business had revenue of $621.28 million for the quarter, compared to the consensus estimate of $607.39 million. During the same quarter in the prior year, the company earned $0.65 EPS. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. As a group, equities research analysts expect that Champion Homes, Inc. will post 3.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SKY has been the subject of several analyst reports. Royal Bank Of Canada cut their price target on shares of Champion Homes from $101.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. Citigroup began coverage on shares of Champion Homes in a research note on Friday, June 5th. They set a “buy” rating and a $93.00 price objective on the stock. Weiss Ratings lowered shares of Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. UBS Group assumed coverage on shares of Champion Homes in a research note on Friday, June 5th. They issued a “buy” rating and a $93.00 target price for the company. Finally, Barclays reduced their target price on Champion Homes from $106.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Insiders Place Their Bets

In other Champion Homes news, EVP Joseph A. Kimmell sold 4,000 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $75.91, for a total value of $303,640.00. Following the completion of the transaction, the executive vice president directly owned 32,118 shares of the company’s stock, valued at approximately $2,438,077.38. The trade was a 11.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

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.