Tudor Investment Corp ET AL Sells 86,292 Shares of Champion Homes, Inc. $SKY

Key Points

• Tudor Investment Corp cut its stake in Champion Homes (NYSE:SKY) by 89.3%, selling 86,292 shares in Q3 and retaining 10,297 shares worth about $786,000.
• Other institutions showed mixed activity—Congress Asset Management added 187,611 shares to hold 923,465 shares, while Nordea, Cramer Rosenthal McGlynn and Assenagon also materially increased positions, offsetting some of Tudor's selling.
• EVP Joseph A. Kimmell sold 2,880 shares at $82.25 (reducing his position by 5.32%); SKY trades near $78.68 with a P/E of ~20.9, recent quarterly EPS beat estimates, and analysts maintain a consensus "Moderate Buy" with an average target of $103.50.

Tudor Investment Corp ET AL cut its holdings in shares of Champion Homes, Inc. (NYSE:SKY - Free Report) by 89.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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.

A number of other institutional investors and hedge funds have also bought and sold shares of SKY. Nordea Investment Management AB grew its position in Champion Homes by 39.5% in the third quarter. Nordea Investment Management AB now owns 164,340 shares of the company's stock worth $12,229,000 after acquiring an additional 46,516 shares in the last quarter. Congress Asset Management Co. lifted its stake in Champion Homes by 25.5% in the third quarter. Congress Asset Management Co. now owns 923,465 shares of the company's stock worth $70,525,000 after purchasing an additional 187,611 shares during the last quarter. Bryn Mawr Trust Advisors LLC bought a new stake in shares of Champion Homes during the third quarter valued at approximately $1,050,000. Cramer Rosenthal Mcglynn LLC raised its stake in shares of Champion Homes by 7.5% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 663,870 shares of the company's stock valued at $50,700,000 after acquiring an additional 46,555 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Champion Homes by 168.6% during the third quarter. Assenagon Asset Management S.A. now owns 114,808 shares of the company's stock valued at $8,768,000 after acquiring an additional 72,060 shares in the last quarter.

Insider Buying and Selling 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 sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.20% of the company's stock.

Champion Homes Stock Down 1.3%

Shares of SKY opened at $78.68 on Wednesday. The stock has a fifty day simple moving average of $83.10 and a two-hundred day simple moving average of $82.12. Champion Homes, Inc. has a 52-week low of $59.44 and a 52-week high of $99.17. The company has a quick ratio of 1.89, a current ratio of 2.71 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $4.35 billion, a PE ratio of 20.93 and a beta of 1.11.

Champion Homes (NYSE:SKY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.13. The business had revenue of $656.61 million during the quarter, compared to analysts' expectations of $649.40 million. Champion Homes had a net margin of 8.10% and a return on equity of 13.85%. The business's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 EPS. As a group, equities analysts forecast that Champion Homes, Inc. will post 3.63 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Champion Homes in a research note on Wednesday, January 21st. Barclays lowered their price target on shares of Champion Homes from $111.00 to $106.00 and set an "overweight" rating on the stock in a report on Wednesday, April 8th. Zelman & Associates lowered shares of Champion Homes from an "outperform" rating to a "hold" rating in a report on Thursday, February 5th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $101.00 price target on shares of Champion Homes in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $103.50.

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.

Want to see what other hedge funds are holding SKY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Champion Homes, Inc. (NYSE:SKY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.