Brant Point Investment Management LLC Purchases 10,000 Shares of Champion Homes, Inc. $SKY

Brant Point Investment Management LLC grew its position in shares of Champion Homes, Inc. (NYSE:SKY) by 40.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,000 shares of the company’s stock after acquiring an additional 10,000 shares during the period. Brant Point Investment Management LLC owned about 0.06% of Champion Homes worth $2,958,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Champion Homes

In other Champion Homes news, EVP Joseph A. Kimmell sold 7,922 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $75.70, for a total transaction of $599,695.40. Following the completion of the transaction, the executive vice president owned 36,118 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.

Champion Homes Price Performance

Shares of NYSE SKY opened at $78.69 on Friday. Champion Homes, Inc. has a fifty-two week low of $59.44 and a fifty-two week high of $99.17. The company has a 50 day simple moving average of $74.80 and a two-hundred day simple moving average of $82.11. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 21.50 and a beta of 1.04. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 2.48.

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

Analysts Set New Price Targets

A number of research firms recently issued reports on SKY. UBS Group began coverage on shares of Champion Homes in a research note on Friday, June 5th. They issued a “buy” rating and a $93.00 price target for the company. Zacks Research downgraded shares of Champion Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Royal Bank Of Canada decreased their price target on shares of Champion Homes from $101.00 to $92.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. Citigroup began coverage on shares of Champion Homes in a research note on Friday, June 5th. They issued a “buy” rating and a $93.00 price target for the company. Finally, Barclays decreased their price target on shares of Champion Homes from $106.00 to $94.00 and set an “overweight” rating for the company in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.