MRA Advisory Group Invests $576,000 in Champion Homes, Inc. $SKY

MRA Advisory Group bought a new position in Champion Homes, Inc. (NYSE:SKY) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,536 shares of the company’s stock, valued at approximately $576,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wasatch Advisors LP boosted its position in Champion Homes by 221.3% during the 1st quarter. Wasatch Advisors LP now owns 2,736,767 shares of the company’s stock valued at $203,533,000 after buying an additional 1,885,046 shares during the period. Marshall Wace LLP increased its position in shares of Champion Homes by 1,149.3% in the third quarter. Marshall Wace LLP now owns 1,397,642 shares of the company’s stock valued at $106,738,000 after acquiring an additional 1,285,768 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Champion Homes in the fourth quarter valued at about $90,282,000. Bank of Montreal Can raised its stake in shares of Champion Homes by 14,014.0% during the fourth quarter. Bank of Montreal Can now owns 826,232 shares of the company’s stock valued at $69,817,000 after acquiring an additional 820,378 shares during the last quarter. Finally, Bamco Inc. NY bought a new position in shares of Champion Homes during the fourth quarter valued at about $61,308,000.

Insiders Place Their Bets

In other Champion Homes news, EVP Joseph A. Kimmell sold 4,000 shares of the firm’s 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 transaction, the executive vice president owned 32,118 shares of the company’s stock, valued at approximately $2,438,077.38. This trade represents a 11.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.60% of the company’s stock.

Champion Homes Price Performance

Shares of SKY stock opened at $94.78 on Friday. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 27.63 and a beta of 1.01. The business’s fifty day moving average is $81.99 and its 200 day moving average is $81.09. Champion Homes, Inc. has a twelve month low of $63.69 and a twelve month high of $99.17. The company has a quick ratio of 1.69, a current ratio of 2.74 and a debt-to-equity ratio of 0.01.

Champion Homes (NYSE:SKY) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.87 by $0.01. The business had revenue of $710.23 million during the quarter, compared to analyst estimates of $701.98 million. Champion Homes had a return on equity of 12.52% and a net margin of 7.16%.The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.19 earnings per share. Research analysts expect that Champion Homes, Inc. will post 3.4 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SKY shares. Citigroup assumed coverage on shares of Champion Homes in a report on Friday, June 5th. They set a “buy” rating and a $93.00 target price for the company. Royal Bank Of Canada boosted their price target on Champion Homes from $92.00 to $99.00 and gave the company an “outperform” rating in a report on Thursday. Zacks Research raised Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Zelman & Associates upgraded Champion Homes from a “hold” rating to an “outperform” rating in a report on Thursday. Finally, Weiss Ratings cut Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Champion Homes presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.00.

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.