70,343 Shares in Champion Homes, Inc. $SKY Acquired by Kettle Hill Capital Management LLC

Kettle Hill Capital Management LLC acquired a new position in Champion Homes, Inc. (NYSE:SKY) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 70,343 shares of the company’s stock, valued at approximately $5,944,000. Champion Homes makes up approximately 1.3% of Kettle Hill Capital Management LLC’s holdings, making the stock its 25th biggest holding. Kettle Hill Capital Management LLC owned about 0.13% of Champion Homes at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Cramer Rosenthal Mcglynn LLC boosted its stake in Champion Homes by 7.5% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 663,870 shares of the company’s stock valued at $50,700,000 after purchasing an additional 46,555 shares in the last quarter. Comerica Bank boosted its stake in Champion Homes by 119.9% during the 4th quarter. Comerica Bank now owns 35,543 shares of the company’s stock valued at $3,003,000 after purchasing an additional 19,377 shares in the last quarter. Kingdon Capital Management L.L.C. bought a new position in Champion Homes during the 3rd quarter valued at $11,456,000. Rhumbline Advisers boosted its stake in shares of Champion Homes by 4.3% during the 3rd quarter. Rhumbline Advisers now owns 157,253 shares of the company’s stock worth $12,009,000 after acquiring an additional 6,503 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Champion Homes by 7.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,530,519 shares of the company’s stock worth $116,877,000 after acquiring an additional 104,217 shares in the last quarter.

Insiders Place Their Bets

In other Champion Homes news, EVP Joseph A. Kimmell sold 7,922 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $75.70, for a total transaction of $599,695.40. Following the transaction, the executive vice president directly owned 36,118 shares in the company, valued at $2,734,132.60. This trade represents a 17.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by company insiders.

Champion Homes Price Performance

Shares of NYSE:SKY opened at $78.63 on Tuesday. The company has a current ratio of 2.48, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. Champion Homes, Inc. has a 1 year low of $59.44 and a 1 year high of $99.17. The business has a fifty day simple moving average of $74.89 and a 200 day simple moving average of $82.06. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 21.48 and a beta of 1.04.

Champion Homes (NYSE:SKY) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $999.00 earnings per share (EPS) for the quarter. Champion Homes had a return on equity of 13.80% and a net margin of 7.77%. As a group, sell-side analysts predict that Champion Homes, Inc. will post 3.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

SKY has been the subject of several research reports. Weiss Ratings lowered Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. Royal Bank Of Canada reduced their price objective on Champion Homes from $101.00 to $92.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. UBS Group began coverage on Champion Homes in a research report on Friday, June 5th. They issued a “buy” rating and a $93.00 target price for the company. Zacks Research cut Champion Homes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. Finally, Barclays decreased their target price 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 investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Champion Homes currently has a consensus rating of “Moderate Buy” and an average target price of $93.00.

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.