Union Square Park Capital Management LLC Invests $1.12 Million in Champion Homes, Inc. $SKY

Union Square Park Capital Management LLC bought a new stake in shares of Champion Homes, Inc. (NYSE:SKY) in the 1st quarter, HoldingsChannel.com reports. The firm bought 15,000 shares of the company’s stock, valued at approximately $1,116,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SKY. UMB Bank n.a. lifted 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 valued at $26,000 after buying an additional 138 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Champion Homes in the fourth quarter worth approximately $26,000. Kestra Advisory Services LLC acquired a new stake in shares of Champion Homes during the fourth quarter valued at approximately $26,000. Parallel Advisors LLC raised its holdings in shares of Champion Homes by 668.6% during the first quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock valued at $29,000 after acquiring an additional 341 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in shares of Champion Homes in the 3rd quarter valued at approximately $35,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Zacks Research lowered shares of Champion Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Weiss Ratings downgraded Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. UBS Group assumed coverage on Champion Homes in a research report on Friday, June 5th. They set a “buy” rating and a $93.00 price objective for the company. Royal Bank Of Canada lowered their target price on Champion Homes from $101.00 to $92.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 27th. Finally, Citigroup initiated coverage on 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 assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $95.00.

Insider Buying and Selling

In other Champion Homes news, EVP Joseph A. Kimmell sold 7,922 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $75.70, for a total value of $599,695.40. Following the transaction, the executive vice president owned 36,118 shares in the company, valued at $2,734,132.60. The trade was a 17.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.60% of the stock is owned by company insiders.

Champion Homes Trading Up 2.1%

Champion Homes stock opened at $81.58 on Friday. The company’s fifty day simple moving average is $79.15 and its 200-day simple moving average is $81.62. The company has a quick ratio of 1.69, a current ratio of 2.48 and a debt-to-equity ratio of 0.01. Champion Homes, Inc. has a 12 month low of $60.13 and a 12 month high of $99.17. The stock has a market cap of $4.48 billion, a P/E ratio of 22.29 and a beta of 1.00.

Champion Homes (NYSE:SKY) last posted its quarterly earnings results on Tuesday, May 26th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.05. Champion Homes had a net margin of 7.77% and a return on equity of 13.80%. The business had revenue of $621.28 million for the quarter, compared to the consensus estimate of $607.39 million. During the same period in the prior year, the business posted $0.65 earnings per share. Champion Homes’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Champion Homes, Inc. will post 3.4 EPS 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.