Bamco Inc. NY Invests $61.31 Million in Champion Homes, Inc. $SKY

Bamco Inc. NY purchased a new position in shares of Champion Homes, Inc. (NYSE:SKY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 725,542 shares of the company’s stock, valued at approximately $61,308,000. Bamco Inc. NY owned approximately 1.31% of Champion Homes at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SKY. Royal Bank of Canada grew its position in shares of Champion Homes by 66.1% during the 1st quarter. Royal Bank of Canada now owns 10,804 shares of the company’s stock worth $1,024,000 after buying an additional 4,301 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of Champion Homes during the 1st quarter worth $294,000. Millennium Management LLC grew its position in shares of Champion Homes by 712.0% during the 1st quarter. Millennium Management LLC now owns 70,029 shares of the company’s stock worth $6,636,000 after buying an additional 61,405 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of Champion Homes during the 2nd quarter worth $408,000. Finally, Invesco Ltd. grew its position in shares of Champion Homes by 150.6% during the 2nd quarter. Invesco Ltd. now owns 655,107 shares of the company’s stock worth $41,016,000 after buying an additional 393,686 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Zacks Research cut Champion Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Citigroup assumed coverage on Champion Homes in a research note on Friday, June 5th. They set a “buy” rating and a $93.00 price objective for the company. Weiss Ratings cut Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. Royal Bank Of Canada decreased their price objective on Champion Homes from $101.00 to $92.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. Finally, Barclays decreased their price objective on Champion Homes from $106.00 to $94.00 and set an “overweight” rating for the company in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Champion Homes has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Champion Homes Trading Up 0.0%

Champion Homes stock opened at $80.75 on Thursday. The stock has a 50-day moving average of $75.15 and a two-hundred day moving average of $81.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 2.48. Champion Homes, Inc. has a one year low of $59.77 and a one year high of $99.17. The stock has a market cap of $4.43 billion, a PE ratio of 22.06 and a beta of 1.04.

Champion Homes (NYSE:SKY) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $999.00 earnings per share for the quarter. Champion Homes had a return on equity of 13.80% and a net margin of 7.77%. On average, research analysts anticipate that Champion Homes, Inc. will post 3.4 EPS for the current fiscal year.

Insider Activity

In related news, EVP Joseph A. Kimmell sold 7,922 shares of the firm’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 transaction, the executive vice president owned 36,118 shares of the company’s stock, valued at $2,734,132.60. This trade represents a 17.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is currently owned by company insiders.

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.