Geode Capital Management LLC Lowers Stake in Champion Homes, Inc. $SKY

Geode Capital Management LLC lessened its stake in Champion Homes, Inc. (NYSE:SKY) by 0.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,308,250 shares of the company’s stock after selling 12,279 shares during the quarter. Geode Capital Management LLC owned approximately 2.37% of Champion Homes worth $110,566,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SKY. Cramer Rosenthal Mcglynn LLC increased its stake in Champion Homes by 7.5% in 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 period. Comerica Bank grew its stake in Champion Homes by 119.9% during 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 during the last quarter. Kingdon Capital Management L.L.C. bought a new stake in shares of Champion Homes during the third quarter valued at approximately $11,456,000. Rhumbline Advisers grew its stake in shares of Champion Homes by 4.3% during the third quarter. Rhumbline Advisers now owns 157,253 shares of the company’s stock valued at $12,009,000 after purchasing an additional 6,503 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Champion Homes by 7.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,530,519 shares of the company’s stock valued at $116,877,000 after purchasing an additional 104,217 shares during the last quarter.

Champion Homes Price Performance

Shares of NYSE:SKY opened at $74.60 on Friday. The stock has a market capitalization of $4.09 billion, a PE ratio of 20.38 and a beta of 1.04. The company has a current ratio of 2.48, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $74.41 and a 200-day moving average of $82.15. Champion Homes, Inc. has a 12 month low of $59.44 and a 12 month high of $99.17.

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SKY. Barclays cut their price objective on shares of Champion Homes from $106.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday, May 27th. Royal Bank Of Canada cut their target price on shares of Champion Homes from $101.00 to $92.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Weiss Ratings downgraded shares of Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. UBS Group began coverage on shares of Champion Homes in a research report on Friday. They issued a “buy” rating and a $93.00 target price for the company. Finally, Zacks Research downgraded shares of Champion Homes from a “hold” rating to a “strong sell” rating 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 given a Sell rating to the company. Based on data from MarketBeat, Champion Homes has an average rating of “Moderate Buy” and a consensus target price of $93.00.

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.