Ranger Investment Management L.P. Invests $16.38 Million in Champion Homes, Inc. $SKY

Ranger Investment Management L.P. purchased a new position in shares of Champion Homes, Inc. (NYSE:SKY) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 185,831 shares of the company’s stock, valued at approximately $16,375,000.

A number of other hedge funds have also added to or reduced their stakes in SKY. UMB Bank n.a. raised its position 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 purchasing an additional 138 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Champion Homes in the 4th quarter valued at $26,000. Kestra Advisory Services LLC acquired a new stake in shares of Champion Homes in the 4th quarter valued at $26,000. Parallel Advisors LLC increased its stake in shares of Champion Homes by 668.6% in the 1st quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock valued at $29,000 after purchasing an additional 341 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Champion Homes in the 3rd quarter valued at $35,000.

Insider Activity at Champion Homes

In other Champion Homes news, EVP Joseph A. Kimmell sold 4,000 shares of Champion Homes stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $75.91, for a total transaction of $303,640.00. Following the transaction, the executive vice president directly owned 32,118 shares of the company’s stock, valued at approximately $2,438,077.38. The trade was a 11.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael B. Berman sold 1,500 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $93.22, for a total value of $139,830.00. Following the completion of the sale, the director owned 6,825 shares in the company, valued at $636,226.50. This trade represents a 18.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 14,522 shares of company stock worth $1,147,665 over the last three months. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SKY shares. Citigroup began 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. Zelman & Associates upgraded Champion Homes from a “hold” rating to an “outperform” rating in a research report on Thursday, August 6th. Weiss Ratings raised Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Barclays lifted their price target on shares of Champion Homes from $102.00 to $109.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Finally, UBS Group upped their price objective on shares of Champion Homes from $93.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.00.

Champion Homes Trading Up 0.2%

Shares of NYSE SKY opened at $90.44 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 2.74. Champion Homes, Inc. has a 52-week low of $63.69 and a 52-week high of $99.17. The firm has a 50 day moving average price of $85.46 and a two-hundred day moving average price of $81.36. The stock has a market cap of $4.91 billion, a P/E ratio of 26.37 and a beta of 1.01.

Champion Homes (NYSE:SKY) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. The company had revenue of $710.23 million for the quarter, compared to analyst estimates of $701.98 million. Champion Homes had a net margin of 7.16% and a return on equity of 12.52%. During the same quarter in the previous year, the business earned $1.19 earnings per share. Champion Homes’s revenue was up 1.3% compared to the same quarter last year. As a group, equities analysts forecast that Champion Homes, Inc. will post 3.4 EPS 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.