Landscape Capital Management L.L.C. Invests $1.49 Million in Champion Homes, Inc. $SKY

Landscape Capital Management L.L.C. acquired a new position in Champion Homes, Inc. (NYSE:SKY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,590 shares of the company’s stock, valued at approximately $1,486,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Los Angeles Capital Management LLC acquired a new stake in shares of Champion Homes in the fourth quarter worth $26,000. UMB Bank n.a. lifted its stake in shares of Champion Homes by 78.9% in 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 during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Champion Homes in the fourth quarter worth $26,000. Advisory Services Network LLC acquired a new stake in Champion Homes in the 3rd quarter valued at approximately $35,000. Finally, Hantz Financial Services Inc. grew its holdings in Champion Homes by 258.3% in the 4th quarter. Hantz Financial Services Inc. now owns 559 shares of the company’s stock valued at $47,000 after buying an additional 403 shares during the last quarter.

Wall Street Analysts Forecast Growth

SKY has been the topic of a number of research analyst reports. Weiss Ratings lowered Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. 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. 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 report on Wednesday, May 27th. Zacks Research lowered Champion Homes from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 27th. Finally, Barclays lowered 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. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Insider Buying and Selling at Champion Homes

In other news, EVP Joseph A. Kimmell sold 4,000 shares of Champion Homes stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $75.91, for a total transaction of $303,640.00. Following the sale, the executive vice president owned 32,118 shares of the company’s stock, valued at approximately $2,438,077.38. This trade represents a 11.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.

Champion Homes Stock Performance

SKY opened at $78.63 on Tuesday. Champion Homes, Inc. has a 12-month low of $59.44 and a 12-month high of $99.17. The firm has a market capitalization of $4.32 billion, a P/E ratio of 21.48 and a beta of 1.04. The stock’s 50 day moving average price is $74.89 and its two-hundred day moving average price is $82.06. 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 (NYSE:SKY) last announced its quarterly earnings data 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%. On average, equities analysts forecast that Champion Homes, Inc. will post 3.4 earnings per share for the current year.

About Champion Homes

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.