Harbor Capital Advisors Inc. Lowers Position in Champion Homes, Inc. $SKY

Harbor Capital Advisors Inc. decreased its holdings in shares of Champion Homes, Inc. (NYSE:SKY) by 66.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,098 shares of the company’s stock after selling 28,368 shares during the period. Harbor Capital Advisors Inc.’s holdings in Champion Homes were worth $1,191,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Parkside Financial Bank & Trust boosted 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. Salomon & Ludwin LLC purchased a new position in shares of Champion Homes during the third quarter worth about $30,000. Advisory Services Network LLC bought a new position in shares of Champion Homes in the third quarter worth approximately $35,000. AdvisorNet Financial Inc purchased a new stake in Champion Homes in the third quarter valued at approximately $50,000. Finally, Nisa Investment Advisors LLC raised its stake in Champion Homes by 33.7% in the third quarter. Nisa Investment Advisors LLC now owns 853 shares of the company’s stock valued at $65,000 after purchasing an additional 215 shares in the last quarter.

Insiders Place Their Bets

In other Champion Homes 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 sale, the executive vice president directly owned 51,297 shares of the company’s stock, valued at $4,219,178.25. The trade was a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.20% of the stock is owned by corporate insiders.

Champion Homes Stock Down 0.1%

Shares of SKY opened at $73.83 on Monday. Champion Homes, Inc. has a 1 year low of $59.44 and a 1 year high of $99.17. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.71 and a quick ratio of 1.89. The stock has a 50 day simple moving average of $83.73 and a two-hundred day simple moving average of $81.96. The firm has a market cap of $4.08 billion, a P/E ratio of 19.64 and a beta of 1.11.

Champion Homes (NYSE:SKY) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.96 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $649.40 million. During the same period last year, the firm posted $1.04 earnings per share. The business’s revenue was up 1.8% compared to the same quarter last year. On average, analysts forecast that Champion Homes, Inc. will post 3.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. CJS Securities upgraded shares of Champion Homes to a “strong-buy” rating in a research report on Thursday, December 11th. Zelman & Associates cut shares of Champion Homes from an “outperform” rating to a “hold” rating in a research report on Thursday, February 5th. Barclays lifted their price objective on shares of Champion Homes from $100.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $101.00 target price on shares of Champion Homes in a research report on Friday, January 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Champion Homes in a research note on Wednesday, January 21st. One investment 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.com, Champion Homes presently has an average rating of “Moderate Buy” and an average price target of $106.00.

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.