Champion Homes, Inc. $SKY Shares Sold by Jump Financial LLC

Jump Financial LLC trimmed its holdings in shares of Champion Homes, Inc. (NYSE:SKY - Free Report) by 80.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,541 shares of the company's stock after selling 14,652 shares during the period. Jump Financial LLC's holdings in Champion Homes were worth $336,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kovitz Investment Group Partners LLC lifted its position in Champion Homes by 2.7% during the first quarter. Kovitz Investment Group Partners LLC now owns 5,514 shares of the company's stock valued at $523,000 after purchasing an additional 145 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in shares of Champion Homes by 5.4% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,336 shares of the company's stock valued at $316,000 after buying an additional 172 shares during the last quarter. Xponance Inc. lifted its holdings in shares of Champion Homes by 5.0% in the 1st quarter. Xponance Inc. now owns 4,048 shares of the company's stock valued at $384,000 after buying an additional 193 shares during the period. Two Sigma Advisers LP boosted its stake in shares of Champion Homes by 3.6% in the fourth quarter. Two Sigma Advisers LP now owns 5,800 shares of the company's stock worth $511,000 after buying an additional 200 shares during the last quarter. Finally, Portside Wealth Group LLC boosted its stake in shares of Champion Homes by 7.4% in the first quarter. Portside Wealth Group LLC now owns 3,567 shares of the company's stock worth $314,000 after buying an additional 246 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Zelman & Associates raised Champion Homes from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. Barclays lifted their target price on shares of Champion Homes from $72.00 to $74.00 and gave the company an "equal weight" rating in a report on Thursday, August 7th. Finally, Royal Bank Of Canada increased their price target on shares of Champion Homes from $82.00 to $85.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Champion Homes has an average rating of "Hold" and an average price target of $86.00.

Insider Activity at Champion Homes

In other news, EVP Joseph A. Kimmell sold 1,000 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $65.24, for a total value of $65,240.00. Following the transaction, the executive vice president directly owned 43,568 shares of the company's stock, valued at approximately $2,842,376.32. This trade represents a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.20% of the stock is owned by company insiders.

Champion Homes Price Performance

Shares of Champion Homes stock traded down $0.41 on Friday, reaching $78.43. The company's stock had a trading volume of 887,848 shares, compared to its average volume of 695,619. The company has a quick ratio of 1.59, a current ratio of 2.39 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $4.43 billion, a P/E ratio of 20.86 and a beta of 1.18. The stock has a 50-day moving average price of $68.97 and a 200-day moving average price of $78.83. Champion Homes, Inc. has a 52-week low of $59.44 and a 52-week high of $116.49.

Champion Homes (NYSE:SKY - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.31. The firm had revenue of $701.32 million for the quarter, compared to analysts' expectations of $642.18 million. Champion Homes had a net margin of 8.50% and a return on equity of 14.35%. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 EPS. Analysts expect that Champion Homes, Inc. will post 3.63 EPS for the current year.

Champion Homes announced that its board has initiated a stock repurchase program on Friday, May 30th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to buy up to 1.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Champion Homes Company Profile

Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada.