Assenagon Asset Management S.A. Has $7.07 Million Stock Position in Champion Homes, Inc. $SKY

Assenagon Asset Management S.A. reduced its stake in Champion Homes, Inc. (NYSE:SKY) by 17.2% during the 1st quarter, HoldingsChannel reports. The firm owned 95,072 shares of the company’s stock after selling 19,736 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Champion Homes were worth $7,071,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Los Angeles Capital Management LLC acquired a new stake in Champion Homes in the 4th quarter valued at $26,000. UMB Bank n.a. raised 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 worth $26,000 after acquiring an additional 138 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Champion Homes during the fourth quarter valued at $26,000. Advisory Services Network LLC bought a new position in shares of Champion Homes during the third quarter valued at $35,000. Finally, Hantz Financial Services Inc. boosted its stake in shares of 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 purchasing an additional 403 shares in the last quarter.

Champion Homes Stock Performance

Shares of Champion Homes stock opened at $88.79 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.48 and a quick ratio of 1.69. The firm has a 50 day simple moving average of $76.19 and a 200 day simple moving average of $82.00. Champion Homes, Inc. has a fifty-two week low of $60.13 and a fifty-two week high of $99.17. The firm has a market cap of $4.87 billion, a P/E ratio of 24.26 and a beta of 1.04.

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

Analyst Ratings Changes

Several research firms have recently weighed in on SKY. Royal Bank Of Canada lowered 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. Barclays cut their price target on shares of Champion Homes from $106.00 to $94.00 and set an “overweight” rating for the company in a report on Wednesday, May 27th. UBS Group started coverage on shares of Champion Homes in a research report on Friday, June 5th. They issued a “buy” rating and a $93.00 price target on the stock. Citigroup began coverage on shares of Champion Homes in a research note on Friday, June 5th. They set a “buy” rating and a $93.00 price objective on the stock. Finally, Weiss Ratings lowered shares of Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a 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 assigned a Sell rating to the stock. According to data from MarketBeat, Champion Homes has an average rating of “Moderate Buy” and an average price target of $93.00.

Insider Buying and Selling at Champion Homes

In other news, EVP Joseph A. Kimmell sold 4,000 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president owned 32,118 shares in the company, valued at $2,438,077.38. The trade was a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is currently owned by insiders.

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.