Alyeska Investment Group L.P. Buys 143,954 Shares of Champion Homes, Inc. $SKY

Key Points

• Alyeska Investment Group increased its Champion Homes stake by 32.4% in the second quarter, purchasing 143,954 shares and bringing its total holdings to 588,436 shares worth approximately $51.9 million.
• Champion Homes reported quarterly EPS of $0.88, slightly above the $0.87 consensus estimate, while revenue rose 1.3% year over year to $710.23 million.
• Analyst sentiment remains positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $104.00; however, insiders sold 14,522 shares worth about $1.15 million in the last quarter.

Alyeska Investment Group L.P. lifted its position in Champion Homes, Inc. (NYSE:SKY - Free Report) by 32.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 588,436 shares of the company's stock after buying an additional 143,954 shares during the period. Alyeska Investment Group L.P. owned about 1.08% of Champion Homes worth $51,853,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SKY. UMB Bank n.a. raised its stake in shares of Champion Homes by 78.9% during the 4th quarter. UMB Bank n.a. now owns 313 shares of the company's stock worth $26,000 after purchasing an additional 138 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Champion Homes during the 4th quarter worth $26,000. Kestra Advisory Services LLC acquired a new stake in shares of Champion Homes during the fourth quarter worth $26,000. Parallel Advisors LLC lifted its holdings in shares of Champion Homes by 668.6% during the first quarter. Parallel Advisors LLC now owns 392 shares of the company's stock worth $29,000 after buying an additional 341 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Champion Homes in the third quarter valued at about $35,000.

Insider Activity

In related news, Director Erin Claire Helgren sold 1,100 shares of the company's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $95.00, for a total transaction of $104,500.00. Following the completion of the sale, the director directly owned 8,196 shares in the company, valued at $778,620. This represents a 11.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph A. Kimmell sold 7,922 shares of Champion Homes stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $75.70, for a total value of $599,695.40. Following the completion of the transaction, the executive vice president owned 36,118 shares in the company, valued at approximately $2,734,132.60. This represents a 17.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 14,522 shares of company stock worth $1,147,665. Insiders own 0.60% of the company's stock.

Champion Homes Price Performance

Shares of NYSE:SKY opened at $90.23 on Monday. The firm has a 50 day moving average of $86.42 and a 200-day moving average of $81.65. The stock has a market capitalization of $4.90 billion, a PE ratio of 26.31 and a beta of 1.01. The company has a current ratio of 2.74, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. Champion Homes, Inc. has a 12 month low of $63.69 and a 12 month high of $99.17.

Champion Homes (NYSE:SKY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.01. Champion Homes had a net margin of 7.16% and a return on equity of 12.52%. The business had revenue of $710.23 million for the quarter, compared to analyst estimates of $701.98 million. During the same quarter last year, the business posted $1.19 EPS. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities research analysts predict that Champion Homes, Inc. will post 3.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SKY has been the topic of several research reports. Zelman & Associates upgraded shares of Champion Homes from a "hold" rating to an "outperform" rating in a research note on Thursday, August 6th. Zacks Research upgraded shares of Champion Homes from a "strong sell" rating to a "hold" rating in a research report on Monday, July 27th. Royal Bank Of Canada raised their target price on shares of Champion Homes from $92.00 to $99.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. Citigroup started coverage on Champion Homes in a research note on Friday, June 5th. They issued a "buy" rating and a $93.00 price target for the company. Finally, Weiss Ratings raised Champion Homes from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $104.00.

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.

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