Jump Financial LLC Has $336,000 Position in Champion Homes, Inc. $SKY

Jump Financial LLC reduced its stake in shares of Champion Homes, Inc. (NYSE:SKY - Free Report) by 80.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,541 shares of the company's stock after selling 14,652 shares during the quarter. Jump Financial LLC's holdings in Champion Homes were worth $336,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Kovitz Investment Group Partners LLC raised its position in Champion Homes by 2.7% in the first quarter. Kovitz Investment Group Partners LLC now owns 5,514 shares of the company's stock worth $523,000 after acquiring an additional 145 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Champion Homes by 5.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,336 shares of the company's stock worth $316,000 after acquiring an additional 172 shares in the last quarter. Xponance Inc. raised its position in Champion Homes by 5.0% in the first quarter. Xponance Inc. now owns 4,048 shares of the company's stock worth $384,000 after acquiring an additional 193 shares in the last quarter. Two Sigma Advisers LP raised its position in 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 acquiring an additional 200 shares in the last quarter. Finally, Portside Wealth Group LLC raised its position in 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 acquiring an additional 246 shares in the last quarter.

Insiders Place Their Bets

In related news, EVP Joseph A. Kimmell sold 1,000 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $65.24, for a total value of $65,240.00. Following the completion of the sale, the executive vice president directly owned 43,568 shares in the company, valued at approximately $2,842,376.32. The trade was a 2.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.20% of the company's stock.

Champion Homes Stock Down 0.5%

Shares of NYSE SKY traded down $0.41 during trading hours on Friday, hitting $78.43. The stock had a trading volume of 887,848 shares, compared to its average volume of 712,119. The company has a market capitalization of $4.43 billion, a P/E ratio of 20.86 and a beta of 1.18. The firm's 50-day moving average price is $68.97 and its two-hundred day moving average price is $78.48. Champion Homes, Inc. has a 52 week low of $59.44 and a 52 week high of $116.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.59 and a current ratio of 2.39.

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

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

Analyst Ratings Changes

SKY has been the topic of several research reports. Zelman & Associates upgraded shares of Champion Homes from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 5th. Barclays lifted their target price on Champion Homes from $72.00 to $74.00 and gave the company an "equal weight" rating in a research note on Thursday, August 7th. Finally, Royal Bank Of Canada lifted their target price on Champion Homes from $82.00 to $85.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $86.00.

Champion Homes 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.