Tudor Investment Corp ET AL Has $786,000 Stake in Champion Homes, Inc. $SKY

Key Points

• Tudor Investment Corp. reduced its stake in Champion Homes by 89.3% in the 3rd quarter, selling 86,292 shares and leaving 10,297 shares worth $786,000.
• Major institutions such as Wellington Management, State Street and Thrivent increased their holdings (Wellington now owns 4.8M shares valued at $366.6M), maintaining heavy institutional ownership in the company.
• Champion Homes recently beat quarterly estimates (EPS $0.96 vs. $0.83; revenue $656.6M vs. $649.4M), has a $3.99B market cap, and carries a consensus analyst rating of "Moderate Buy" with an average price target of $106.00.

Tudor Investment Corp ET AL reduced its stake in shares of Champion Homes, Inc. (NYSE:SKY - Free Report) by 89.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,297 shares of the company's stock after selling 86,292 shares during the quarter. Tudor Investment Corp ET AL's holdings in Champion Homes were worth $786,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake in shares of Champion Homes by 7.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,800,562 shares of the company's stock valued at $366,619,000 after purchasing an additional 333,666 shares in the last quarter. State Street Corp increased its position in shares of Champion Homes by 4.0% during the 2nd quarter. State Street Corp now owns 2,579,091 shares of the company's stock worth $161,477,000 after purchasing an additional 98,659 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Champion Homes by 6.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,068,870 shares of the company's stock worth $129,532,000 after purchasing an additional 122,895 shares in the last quarter. Capital Research Global Investors lifted its holdings in Champion Homes by 1.1% during the 3rd quarter. Capital Research Global Investors now owns 1,762,378 shares of the company's stock valued at $134,593,000 after purchasing an additional 19,784 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Champion Homes by 7.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,530,519 shares of the company's stock valued at $116,877,000 after purchasing an additional 104,217 shares during the last quarter.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Champion Homes news, EVP Joseph A. Kimmell sold 2,880 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $82.25, for a total value of $236,880.00. Following the transaction, the executive vice president directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company's stock.

Champion Homes Price Performance

Shares of SKY stock opened at $72.18 on Tuesday. Champion Homes, Inc. has a 1 year low of $59.44 and a 1 year high of $99.17. The firm's 50 day moving average is $85.30 and its 200-day moving average is $82.02. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 19.20 and a beta of 1.02. The company has a current ratio of 2.71, a quick ratio of 1.89 and a debt-to-equity ratio of 0.01.

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, beating analysts' consensus estimates of $0.83 by $0.13. Champion Homes had a net margin of 8.10% and a return on equity of 13.85%. The business had revenue of $656.61 million during the quarter, compared to analyst estimates of $649.40 million. During the same quarter last year, the business posted $1.04 earnings per share. Champion Homes's revenue for the quarter was up 1.8% compared to the same quarter last year. Sell-side analysts forecast that Champion Homes, Inc. will post 3.63 EPS for the current fiscal year.

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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