XTX Topco Ltd Purchases New Stake in Champion Homes, Inc. $SKY

XTX Topco Ltd acquired a new stake in shares of Champion Homes, Inc. (NYSE:SKY) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 16,480 shares of the company’s stock, valued at approximately $1,032,000.

Several other large investors have also recently modified their holdings of SKY. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Champion Homes by 10,171.4% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 719 shares of the company’s stock valued at $45,000 after acquiring an additional 712 shares during the last quarter. Byrne Asset Management LLC purchased a new position in Champion Homes during the second quarter valued at approximately $48,000. Blue Trust Inc. raised its holdings in Champion Homes by 49.8% during the second quarter. Blue Trust Inc. now owns 900 shares of the company’s stock valued at $56,000 after acquiring an additional 299 shares during the period. AlphaQuest LLC grew its holdings in Champion Homes by 1,231.3% during the 1st quarter. AlphaQuest LLC now owns 852 shares of the company’s stock valued at $81,000 after buying an additional 788 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Champion Homes by 2,030.8% in the second quarter. Fifth Third Bancorp now owns 2,770 shares of the company’s stock worth $173,000 after purchasing an additional 2,640 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SKY shares. Weiss Ratings reissued a “hold (c)” rating on shares of Champion Homes in a research report on Wednesday, October 8th. Royal Bank Of Canada upgraded Champion Homes from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $85.00 to $91.00 in a report on Thursday, November 6th. Zelman & Associates raised shares of Champion Homes from a “neutral” rating to an “outperform” rating in a report on Friday, November 7th. Zacks Research upgraded shares of Champion Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, Barclays raised their price objective on Champion Homes from $74.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $85.00.

Insider Transactions at Champion Homes

In other news, EVP Joseph A. Kimmell sold 1,812 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $82.04, for a total transaction of $148,656.48. Following the sale, the executive vice president owned 55,977 shares of the company’s stock, valued at $4,592,353.08. The trade was a 3.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.20% of the company’s stock.

Champion Homes Stock Performance

Shares of Champion Homes stock opened at $85.84 on Monday. The company has a quick ratio of 1.59, a current ratio of 2.39 and a debt-to-equity ratio of 0.02. The business’s fifty day simple moving average is $75.27 and its 200-day simple moving average is $71.86. Champion Homes, Inc. has a 52 week low of $59.44 and a 52 week high of $116.49. The firm has a market cap of $4.79 billion, a PE ratio of 22.83 and a beta of 1.14.

Champion Homes (NYSE:SKY) last released its earnings results on Tuesday, November 4th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.81 by $0.20. The firm had revenue of $684.43 million during the quarter, compared to analysts’ expectations of $636.96 million. Champion Homes had a return on equity of 14.35% and a net margin of 8.50%.Champion Homes’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 EPS. Equities analysts forecast that Champion Homes, Inc. will post 3.63 earnings per share for the current year.

Champion Homes Profile

Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada.