Champion Homes, Inc. (NYSE:SKY) Short Interest Update
by Teresa Graham · The Cerbat GemChampion Homes, Inc. (NYSE:SKY – Get Free Report) saw a large drop in short interest in March. As of March 31st, there was short interest totaling 2,960,458 shares, a drop of 19.4% from the March 15th total of 3,673,216 shares. Currently, 5.4% of the shares of the stock are short sold. Based on an average daily volume of 561,339 shares, the short-interest ratio is currently 5.3 days.
Insiders Place Their Bets
In other Champion Homes news, EVP Joseph A. Kimmell sold 2,880 shares of the firm’s 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 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 SEC, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.
Institutional Trading of Champion Homes
Several institutional investors and hedge funds have recently bought and sold shares of SKY. Marshall Wace LLP raised its holdings in Champion Homes by 1,149.3% in the 3rd quarter. Marshall Wace LLP now owns 1,397,642 shares of the company’s stock valued at $106,738,000 after buying an additional 1,285,768 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new position in Champion Homes in the 4th quarter valued at about $90,282,000. Bank of Montreal Can grew its position in Champion Homes by 14,014.0% in the 4th quarter. Bank of Montreal Can now owns 826,232 shares of the company’s stock valued at $69,817,000 after acquiring an additional 820,378 shares in the last quarter. Bamco Inc. NY acquired a new position in Champion Homes in the 4th quarter valued at about $61,308,000. Finally, Alyeska Investment Group L.P. grew its position in Champion Homes by 566.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 639,102 shares of the company’s stock valued at $54,004,000 after acquiring an additional 543,219 shares in the last quarter.
Champion Homes Trading Down 0.5%
SKY traded down $0.34 on Thursday, hitting $75.35. The company had a trading volume of 294,245 shares, compared to its average volume of 524,034. The firm has a market cap of $4.17 billion, a P/E ratio of 20.04 and a beta of 1.11. Champion Homes has a 1 year low of $59.44 and a 1 year high of $99.17. The company’s fifty day moving average price is $82.77 and its 200 day moving average price is $82.03. 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 data on Tuesday, February 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.13. The firm had revenue of $656.61 million for the quarter, compared to analyst estimates of $649.40 million. Champion Homes had a net margin of 8.10% and a return on equity of 13.85%. Champion Homes’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.04 EPS. As a group, equities analysts expect that Champion Homes will post 3.63 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on SKY shares. Zelman & Associates lowered Champion Homes from an “outperform” rating to a “hold” rating in a report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, January 21st. Royal Bank Of Canada reiterated an “outperform” rating and set a $101.00 price target on shares of Champion Homes in a report on Friday, January 9th. Finally, Barclays reduced their price target on Champion Homes from $111.00 to $106.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $103.50.
Read Our Latest Report on Champion Homes
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.