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 the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,100 shares of the construction company's stock, valued at approximately $491,000.

Several other hedge funds have also added to or reduced their stakes in CVCO. FMR LLC increased its holdings in Cavco Industries by 118.8% in the 4th quarter. FMR LLC now owns 296,343 shares of the construction company's stock worth $132,237,000 after buying an additional 160,899 shares in the last quarter. Geode Capital Management LLC raised its stake in Cavco Industries by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 227,024 shares of the construction company's stock valued at $101,324,000 after buying an additional 2,640 shares during the last quarter. Boston Trust Walden Corp lifted its holdings in shares of Cavco Industries by 0.3% during the 4th quarter. Boston Trust Walden Corp now owns 193,895 shares of the construction company's stock valued at $86,522,000 after buying an additional 614 shares during the period. GW&K Investment Management LLC boosted its stake in shares of Cavco Industries by 1.0% in the 4th quarter. GW&K Investment Management LLC now owns 188,715 shares of the construction company's stock worth $84,210,000 after buying an additional 1,931 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Cavco Industries by 18.7% in the fourth quarter. Invesco Ltd. now owns 182,457 shares of the construction company's stock worth $81,418,000 after acquiring an additional 28,730 shares during the period. 95.56% of the stock is owned by institutional investors.

Cavco Industries Stock Performance

Shares of NASDAQ CVCO traded up $3.62 during midday trading on Tuesday, reaching $515.65. The stock had a trading volume of 21,728 shares, compared to its average volume of 63,786. Cavco Industries, Inc. has a 12-month low of $331.08 and a 12-month high of $544.08. The stock has a 50-day moving average of $499.91 and a 200-day moving average of $485.82. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 25.40 and a beta of 1.29.

Insider Transactions at Cavco Industries

In other Cavco Industries news, insider Jack S. Brandom sold 1,000 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $538.00, for a total transaction of $538,000.00. Following the completion of the transaction, the insider now owns 1,176 shares of the company's stock, valued at $632,688. This represents a 45.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Greenblatt sold 4,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $528.88, for a total value of $2,115,520.00. Following the completion of the sale, the director now owns 15,286 shares in the company, valued at $8,084,459.68. This represents a 20.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,894 shares of company stock valued at $3,126,473 over the last 90 days. Company insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. StockNews.com raised Cavco Industries from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Wedbush reaffirmed a "neutral" rating and set a $550.00 target price (up from $480.00) on shares of Cavco Industries in a report on Monday, February 3rd.

About Cavco Industries

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.