New Age Alpha Advisors LLC Buys 50,354 Shares of Champion Homes, Inc. $SKY

New Age Alpha Advisors LLC increased its stake in Champion Homes, Inc. (NYSE:SKY) by 1,851.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,073 shares of the company’s stock after purchasing an additional 50,354 shares during the period. New Age Alpha Advisors LLC’s holdings in Champion Homes were worth $4,485,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust raised its position in shares of Champion Homes by 257.4% during the 3rd quarter. Parkside Financial Bank & Trust now owns 386 shares of the company’s stock valued at $29,000 after acquiring an additional 278 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Champion Homes during the 3rd quarter valued at $35,000. Hantz Financial Services Inc. raised its position in shares of Champion Homes by 258.3% during the 4th quarter. Hantz Financial Services Inc. now owns 559 shares of the company’s stock valued at $47,000 after acquiring an additional 403 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Champion Homes by 447.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 941 shares of the company’s stock valued at $80,000 after acquiring an additional 769 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Champion Homes during the 4th quarter valued at $122,000.

Analyst Ratings Changes

SKY has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Champion Homes in a research report on Monday, April 20th. Zelman & Associates cut shares of Champion Homes from an “outperform” rating to a “hold” rating in a research report on Thursday, February 5th. Finally, Barclays dropped their target price on shares of Champion Homes from $111.00 to $106.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Champion Homes currently has an average rating of “Moderate Buy” and an average target price of $103.50.

Champion Homes Price Performance

Shares of SKY stock opened at $71.05 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 $3.93 billion, a price-to-earnings ratio of 18.90 and a beta of 1.07. The company has a quick ratio of 1.89, a current ratio of 2.71 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $74.88 and a 200-day moving average of $82.64.

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 8.10% and a return on equity of 13.85%. On average, equities research analysts forecast that Champion Homes, Inc. will post 3.8 earnings per share for the current year.

Insider Activity

In other news, EVP Joseph A. Kimmell sold 2,880 shares of the business’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $82.25, for a total value of $236,880.00. Following the completion of the transaction, the executive vice president owned 51,297 shares of the company’s stock, valued at $4,219,178.25. The trade was a 5.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is owned by company insiders.

Champion Homes 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.