Connor Clark & Lunn Investment Management Ltd. Takes $4.38 Million Position in Champion Homes, Inc. $SKY

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Champion Homes, Inc. (NYSE:SKY) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 49,665 shares of the company’s stock, valued at approximately $4,376,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.09% of Champion Homes at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SKY. UMB Bank n.a. boosted its stake in Champion Homes by 78.9% during the fourth quarter. UMB Bank n.a. now owns 313 shares of the company’s stock worth $26,000 after buying an additional 138 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Champion Homes in the 4th quarter valued at $26,000. Kestra Advisory Services LLC bought a new position in shares of Champion Homes during the 4th quarter worth about $26,000. Parallel Advisors LLC lifted its holdings in shares of Champion Homes by 668.6% during the 1st quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock worth $29,000 after acquiring an additional 341 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of Champion Homes during the 3rd quarter valued at about $35,000.

Insiders Place Their Bets

In other news, Director Erin Claire Helgren sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $95.00, for a total transaction of $104,500.00. Following the completion of the sale, the director owned 8,196 shares of the company’s stock, valued at approximately $778,620. This trade represents a 11.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael B. Berman sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $93.22, for a total transaction of $139,830.00. Following the sale, the director directly owned 6,825 shares of the company’s stock, valued at approximately $636,226.50. The trade was a 18.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 14,522 shares of company stock valued at $1,147,665. 0.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on SKY shares. Royal Bank Of Canada upped their target price on shares of Champion Homes from $92.00 to $99.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Weiss Ratings upgraded shares of Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Barclays lifted their price objective on Champion Homes from $102.00 to $109.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. UBS Group upped their price objective on Champion Homes from $93.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Zacks Research raised Champion Homes from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. One investment 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $104.00.

Champion Homes Stock Down 1.3%

Shares of NYSE:SKY opened at $90.03 on Friday. The company’s fifty day moving average is $86.28 and its 200-day moving average is $81.62. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 2.74. Champion Homes, Inc. has a 52 week low of $63.69 and a 52 week high of $99.17. The company has a market capitalization of $4.89 billion, a PE ratio of 26.25 and a beta of 1.01.

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

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.