Boothbay Fund Management LLC Acquires New Stake in Cavco Industries, Inc. (NASDAQ:CVCO)

Boothbay Fund Management LLC acquired a new stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 1,100 shares of the construction company's stock, valued at approximately $491,000.

Other hedge funds have also recently modified their holdings of the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of Cavco Industries in the fourth quarter worth about $67,000. Smartleaf Asset Management LLC raised its holdings in shares of Cavco Industries by 387.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the construction company's stock worth $72,000 after acquiring an additional 128 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Cavco Industries by 28.9% during the 4th quarter. Blue Trust Inc. now owns 245 shares of the construction company's stock valued at $105,000 after acquiring an additional 55 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Cavco Industries by 15.2% in the fourth quarter. GAMMA Investing LLC now owns 318 shares of the construction company's stock valued at $142,000 after purchasing an additional 42 shares in the last quarter. Finally, KBC Group NV increased its position in Cavco Industries by 35.2% in the fourth quarter. KBC Group NV now owns 330 shares of the construction company's stock worth $147,000 after purchasing an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 95.56% of the company's stock.

Cavco Industries Price Performance

Shares of NASDAQ:CVCO traded up $0.97 during trading on Monday, reaching $513.38. 19,335 shares of the company were exchanged, compared to its average volume of 63,861. The business's fifty day simple moving average is $500.28 and its 200-day simple moving average is $485.37. The firm has a market capitalization of $4.16 billion, a PE ratio of 25.25 and a beta of 1.29. Cavco Industries, Inc. has a 12-month low of $331.08 and a 12-month high of $544.08.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The construction company reported $6.90 EPS for the quarter, topping analysts' consensus estimates of $4.89 by $2.01. Cavco Industries had a net margin of 8.75% and a return on equity of 16.17%. On average, sell-side analysts anticipate that Cavco Industries, Inc. will post 21.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CVCO has been the topic of a number of research reports. StockNews.com upgraded shares of Cavco Industries from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Wedbush reissued a "neutral" rating and issued a $550.00 price objective (up previously from $480.00) on shares of Cavco Industries in a research note on Monday, February 3rd.

Insider Buying and Selling

In other Cavco Industries news, Director Susan L. Blount sold 2,000 shares of Cavco Industries stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $507.18, for a total transaction of $1,014,360.00. Following the completion of the sale, the director now directly owns 2,836 shares in the company, valued at approximately $1,438,362.48. The trade was a 41.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Matthew A. Nino sold 894 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $529.03, for a total value of $472,952.82. Following the completion of the sale, the insider now owns 771 shares in the company, valued at approximately $407,882.13. This represents a 53.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,894 shares of company stock worth $4,140,833 in the last 90 days. 1.60% of the stock is owned by corporate insiders.

Cavco Industries Profile

Cavco Industries, Inc designs, produces, and retails factory-built homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its factory-built homes under the Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, MidCountry, and Solitaire brands.