Bamco Inc. NY Acquires Shares of 725,542 Champion Homes, Inc. $SKY

Bamco Inc. NY bought a new position in shares of Champion Homes, Inc. (NYSE:SKY) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 725,542 shares of the company’s stock, valued at approximately $61,308,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SKY. Royal Bank of Canada grew its holdings in Champion Homes by 66.1% during the first quarter. Royal Bank of Canada now owns 10,804 shares of the company’s stock worth $1,024,000 after acquiring an additional 4,301 shares during the period. AQR Capital Management LLC acquired a new stake in Champion Homes during the first quarter worth about $294,000. Millennium Management LLC grew its holdings in Champion Homes by 712.0% during the first quarter. Millennium Management LLC now owns 70,029 shares of the company’s stock worth $6,636,000 after acquiring an additional 61,405 shares during the period. Hsbc Holdings PLC acquired a new stake in Champion Homes during the second quarter worth about $408,000. Finally, Invesco Ltd. grew its holdings in Champion Homes by 150.6% during the second quarter. Invesco Ltd. now owns 655,107 shares of the company’s stock worth $41,016,000 after acquiring an additional 393,686 shares during the period.

Insider Buying and Selling

In related news, EVP Joseph A. Kimmell sold 7,922 shares of Champion Homes stock in a transaction that occurred on 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 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Zacks Research lowered Champion Homes from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 27th. Royal Bank Of Canada dropped their target price on Champion Homes from $101.00 to $92.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Barclays dropped their target price on Champion Homes from $106.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday, May 27th. Citigroup assumed coverage on Champion Homes in a report on Friday, June 5th. They set a “buy” rating and a $93.00 target price on the stock. Finally, UBS Group began coverage on Champion Homes in a report on Friday, June 5th. They set a “buy” rating and a $93.00 target price on the stock. One 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $93.00.

Champion Homes Stock Up 0.0%

Shares of SKY opened at $80.75 on Thursday. 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 12 month low of $59.77 and a 12 month high of $99.17. The stock’s 50 day moving average is $75.15 and its two-hundred day moving average is $81.99. The firm has a market cap of $4.43 billion, a P/E ratio of 22.06 and a beta of 1.04.

Champion Homes (NYSE:SKY) last released its earnings results on Wednesday, May 13th. The company reported $999.00 earnings per share for the quarter. Champion Homes had a return on equity of 13.80% and a net margin of 7.77%. 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.