Brant Point Investment Management LLC Boosts Stock Holdings in Champion Homes, Inc. $SKY

Brant Point Investment Management LLC grew its position in shares of Champion Homes, Inc. (NYSE:SKY) by 40.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 35,000 shares of the company’s stock after purchasing an additional 10,000 shares during the period. Brant Point Investment Management LLC’s holdings in Champion Homes were worth $2,958,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP grew its holdings in shares of Champion Homes by 7.5% during the third quarter. Wellington Management Group LLP now owns 4,800,562 shares of the company’s stock valued at $366,619,000 after buying an additional 333,666 shares during the last quarter. State Street Corp grew its holdings in shares of Champion Homes by 4.0% during the second quarter. State Street Corp now owns 2,579,091 shares of the company’s stock valued at $161,477,000 after buying an additional 98,659 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Champion Homes by 1.1% during the third quarter. Capital Research Global Investors now owns 1,762,378 shares of the company’s stock valued at $134,593,000 after buying an additional 19,784 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Champion Homes by 8.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,655,633 shares of the company’s stock valued at $139,904,000 after buying an additional 125,114 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Champion Homes by 7.0% during the third quarter. Ameriprise Financial Inc. now owns 1,411,351 shares of the company’s stock valued at $107,785,000 after buying an additional 91,989 shares during the last quarter.

Champion Homes Trading Down 2.2%

Shares of SKY stock opened at $78.69 on Friday. Champion Homes, Inc. has a 12-month low of $59.44 and a 12-month high of $99.17. The company has a current ratio of 2.48, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $74.80 and its 200 day moving average is $82.11. The stock has a market capitalization of $4.32 billion, a P/E ratio of 21.50 and a beta of 1.04.

Champion Homes (NYSE:SKY) last issued its earnings results on Wednesday, May 13th. The company reported $999.00 earnings per share (EPS) for the quarter. Champion Homes had a net margin of 7.77% and a return on equity of 13.80%. Research analysts expect that Champion Homes, Inc. will post 3.4 earnings per share for the current year.

Insiders Place Their Bets

In other Champion Homes news, EVP Joseph A. Kimmell sold 7,922 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $75.70, for a total value of $599,695.40. Following the transaction, the executive vice president directly owned 36,118 shares in the company, valued at approximately $2,734,132.60. This trade represents a 17.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.