Champion Homes, Inc. $SKY Shares Sold by Nordea Investment Management AB

Key Points

• Nordea Investment Management AB reduced its stake in Champion Homes by 17.7%, selling 29,078 shares and leaving it with 135,262 shares (about 0.24% ownership) valued at roughly $11.5 million.
• Institutional buying concentrated elsewhere, with Marshall Wace LLP adding 1,285,768 shares to reach 1,397,642 shares (≈$106.7M) and other managers like American Century, Invesco, Wasatch and Norges Bank materially increasing or initiating positions.
• Insider and performance signals: EVP Joseph A. Kimmell sold 2,880 shares at $82.25 (~$236,880), while Champion Homes reported an EPS beat of $0.96 vs. $0.83 for the quarter and carries a MarketBeat consensus target of $106 (average rating "Moderate Buy").

Nordea Investment Management AB lowered its stake in Champion Homes, Inc. (NYSE:SKY - Free Report) by 17.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,262 shares of the company's stock after selling 29,078 shares during the period. Nordea Investment Management AB owned about 0.24% of Champion Homes worth $11,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Marshall Wace LLP lifted its position in shares of Champion Homes by 1,149.3% during the 3rd quarter. Marshall Wace LLP now owns 1,397,642 shares of the company's stock worth $106,738,000 after buying an additional 1,285,768 shares during the last quarter. American Century Companies Inc. grew its position in shares of Champion Homes by 50.8% in the 2nd quarter. American Century Companies Inc. now owns 1,945,434 shares of the company's stock valued at $121,804,000 after buying an additional 655,505 shares during the last quarter. Norges Bank purchased a new position in shares of Champion Homes in the 2nd quarter valued at $40,360,000. Invesco Ltd. raised its stake in Champion Homes by 150.6% during the 2nd quarter. Invesco Ltd. now owns 655,107 shares of the company's stock worth $41,016,000 after acquiring an additional 393,686 shares in the last quarter. Finally, Wasatch Advisors LP raised its stake in Champion Homes by 48.0% during the 3rd quarter. Wasatch Advisors LP now owns 1,148,641 shares of the company's stock worth $87,722,000 after acquiring an additional 372,548 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. CJS Securities upgraded shares of Champion Homes to a "strong-buy" rating in a research note on Thursday, December 11th. Barclays lifted their target price on Champion Homes from $100.00 to $111.00 and gave the stock an "overweight" rating in a research report on Thursday, January 15th. Royal Bank Of Canada reissued an "outperform" rating and issued a $101.00 target price on shares of Champion Homes in a research report on Friday, January 9th. Zelman & Associates downgraded Champion Homes from an "outperform" rating to a "hold" rating in a research note on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Champion Homes in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $106.00.

Insider Activity at Champion Homes

In other news, EVP Joseph A. Kimmell sold 2,880 shares of the firm'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 owned 51,297 shares in the company, valued at approximately $4,219,178.25. This trade represents a 5.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.20% of the company's stock.

Champion Homes Trading Down 0.6%

NYSE:SKY opened at $74.80 on Wednesday. Champion Homes, Inc. has a 12-month low of $59.44 and a 12-month high of $99.17. 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 stock's 50 day simple moving average is $87.10 and its 200-day simple moving average is $82.07. The firm has a market cap of $4.14 billion, a P/E ratio of 19.89 and a beta of 1.02.

Champion Homes (NYSE:SKY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.13. Champion Homes had a return on equity of 13.85% and a net margin of 8.10%.The firm had revenue of $656.61 million during the quarter, compared to the consensus estimate of $649.40 million. The company's revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the company earned $1.04 earnings per share. Equities analysts anticipate that Champion Homes, Inc. will post 3.63 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.

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