Champion Homes, Inc. $SKY Shares Sold by Citigroup Inc.

Citigroup Inc. lowered its holdings in Champion Homes, Inc. (NYSE:SKY) by 22.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,283 shares of the company’s stock after selling 17,878 shares during the period. Citigroup Inc. owned approximately 0.11% of Champion Homes worth $4,604,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Royal Bank of Canada grew its stake in shares of Champion Homes by 66.1% in the first quarter. Royal Bank of Canada now owns 10,804 shares of the company’s stock worth $1,024,000 after acquiring an additional 4,301 shares in the last quarter. AQR Capital Management LLC purchased a new position in Champion Homes in the first quarter valued at $294,000. Millennium Management LLC boosted its holdings in Champion Homes by 712.0% in the first quarter. Millennium Management LLC now owns 70,029 shares of the company’s stock valued at $6,636,000 after purchasing an additional 61,405 shares during the period. Envestnet Asset Management Inc. grew its stake in Champion Homes by 29.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 35,922 shares of the company’s stock worth $2,249,000 after purchasing an additional 8,242 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its holdings in Champion Homes by 3.7% during the 2nd quarter. Arkadios Wealth Advisors now owns 6,638 shares of the company’s stock worth $416,000 after purchasing an additional 238 shares during the period.

Insider Activity

In other Champion Homes news, EVP Joseph A. Kimmell sold 1,800 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $88.35, for a total value of $159,030.00. Following the completion of the sale, the executive vice president owned 54,177 shares in the company, valued at approximately $4,786,537.95. The trade was a 3.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Timothy A. Burkhardt sold 12,183 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $87.41, for a total value of $1,064,916.03. Following the completion of the sale, the vice president directly owned 33,230 shares of the company’s stock, valued at $2,904,634.30. The trade was a 26.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.20% of the stock is currently owned by insiders.

Champion Homes Trading Down 1.9%

Shares of Champion Homes stock opened at $89.07 on Wednesday. The company has a current ratio of 2.71, a quick ratio of 1.89 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $89.79 and a 200-day simple moving average of $81.67. The stock has a market cap of $4.93 billion, a price-to-earnings ratio of 23.69 and a beta of 1.02. Champion Homes, Inc. has a 12-month low of $59.44 and a 12-month high of $100.68.

Champion Homes (NYSE:SKY) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.13. Champion Homes had a net margin of 8.10% and a return on equity of 13.85%. The firm had revenue of $656.61 million during the quarter, compared to analysts’ expectations of $649.40 million. During the same period in the previous year, the company earned $1.04 earnings per share. Champion Homes’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, equities analysts forecast that Champion Homes, Inc. will post 3.63 EPS for the current fiscal year.

Analyst Ratings Changes

SKY has been the topic of a number of analyst reports. Barclays increased their price target on Champion Homes from $100.00 to $111.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Zacks Research raised shares of Champion Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Zelman & Associates cut shares of Champion Homes from an “outperform” rating to a “hold” rating in a report on Thursday, February 5th. CJS Securities raised shares of Champion Homes to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Champion Homes has an average rating of “Moderate Buy” and an average price target of $106.00.

Champion Homes Company 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.