Man Group plc Takes $3.27 Million Position in Champion Homes, Inc. $SKY

Man Group plc purchased a new position in shares of Champion Homes, Inc. (NYSE:SKY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 37,087 shares of the company’s stock, valued at approximately $3,268,000.

Other hedge funds have also bought and sold shares of the company. UMB Bank n.a. increased its holdings in Champion Homes by 78.9% in the fourth quarter. UMB Bank n.a. now owns 313 shares of the company’s stock valued at $26,000 after buying an additional 138 shares during the last quarter. Assetmark Inc. grew its position in shares of Champion Homes by 16.8% in the 1st quarter. Assetmark Inc. now owns 1,000 shares of the company’s stock worth $74,000 after acquiring an additional 144 shares in the last quarter. Mackenzie Financial Corp grew its position in shares of Champion Homes by 4.7% in the 3rd quarter. Mackenzie Financial Corp now owns 3,612 shares of the company’s stock worth $276,000 after acquiring an additional 161 shares in the last quarter. Mirador Capital Partners LP increased its holdings in shares of Champion Homes by 0.3% in the 2nd quarter. Mirador Capital Partners LP now owns 51,684 shares of the company’s stock valued at $4,554,000 after acquiring an additional 178 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Champion Homes by 0.4% in the 1st quarter. Bessemer Group Inc. now owns 47,664 shares of the company’s stock valued at $3,544,000 after acquiring an additional 184 shares during the last quarter.

Insider Activity at Champion Homes

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 transaction 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 $2,438,077.38. The trade was a 11.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael B. Berman sold 1,500 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $93.22, for a total transaction of $139,830.00. Following the transaction, the director directly owned 6,825 shares of the company’s stock, valued at $636,226.50. The trade was a 18.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,522 shares of company stock worth $1,147,665 in the last ninety days. 0.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Citigroup started coverage on Champion Homes in a research note on Friday, June 5th. They set a “buy” rating and a $93.00 price objective on the stock. UBS Group increased their target price on shares of Champion Homes from $93.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Zelman & Associates raised shares of Champion Homes from a “hold” rating to an “outperform” rating in a report on Thursday, August 6th. Finally, Zacks Research raised shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. One 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $104.00.

Champion Homes Price Performance

Shares of NYSE SKY opened at $89.14 on Tuesday. Champion Homes, Inc. has a 1-year low of $63.69 and a 1-year high of $99.17. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.74 and a quick ratio of 1.97. The business’s fifty day moving average price is $86.56 and its two-hundred day moving average price is $81.64. The firm has a market capitalization of $4.84 billion, a PE ratio of 25.99 and a beta of 1.01.

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

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.