Geode Capital Management LLC Has $110.57 Million Stock Holdings in Champion Homes, Inc. $SKY

Geode Capital Management LLC decreased its position in Champion Homes, Inc. (NYSE:SKY) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,308,250 shares of the company’s stock after selling 12,279 shares during the quarter. Geode Capital Management LLC’s holdings in Champion Homes were worth $110,566,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its position in Champion Homes by 0.4% during the fourth quarter. State of Alaska Department of Revenue now owns 31,563 shares of the company’s stock worth $2,666,000 after purchasing an additional 138 shares during the period. Ulland Investment Advisors LLC grew its position in Champion Homes by 0.3% during the third quarter. Ulland Investment Advisors LLC now owns 46,674 shares of the company’s stock valued at $3,564,000 after acquiring an additional 155 shares during the last quarter. Mackenzie Financial Corp grew its position in Champion Homes by 4.7% during the third quarter. Mackenzie Financial Corp now owns 3,612 shares of the company’s stock valued at $276,000 after acquiring an additional 161 shares during the last quarter. CWM LLC grew its position in Champion Homes by 8.2% during the fourth quarter. CWM LLC now owns 2,608 shares of the company’s stock valued at $220,000 after acquiring an additional 198 shares during the last quarter. Finally, ProShare Advisors LLC grew its holdings in shares of Champion Homes by 1.9% in the fourth quarter. ProShare Advisors LLC now owns 10,995 shares of the company’s stock worth $929,000 after purchasing an additional 207 shares during the last quarter.

Analyst Upgrades and Downgrades

SKY has been the topic of several recent analyst reports. UBS Group initiated coverage on shares of Champion Homes in a report on Friday. They issued a “buy” rating and a $93.00 price target on the stock. Citigroup started coverage on Champion Homes in a research report on Friday. They set a “buy” rating and a $93.00 price objective for the company. Royal Bank Of Canada lowered their price target on Champion Homes from $101.00 to $92.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. Weiss Ratings lowered Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. Finally, Barclays lowered their price target on Champion Homes from $106.00 to $94.00 and set an “overweight” rating for the company in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Champion Homes currently has an average rating of “Moderate Buy” and an average target price of $93.00.

Champion Homes Price Performance

NYSE SKY opened at $74.60 on Friday. Champion Homes, Inc. has a one year low of $59.44 and a one year high of $99.17. The stock has a 50-day moving average of $74.41 and a 200 day moving average of $82.15. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of 20.38 and a beta of 1.04. 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 (NYSE:SKY) last released its quarterly earnings data on Wednesday, May 13th. The company reported $999.00 EPS for the quarter. Champion Homes had a return on equity of 13.80% and a net margin of 7.77%. On average, sell-side analysts forecast 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.