Cavco Industries, Inc. (NASDAQ:CVCO) Holdings Cut by Quantedge Capital Pte Ltd

Quantedge Capital Pte Ltd decreased its holdings in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,000 shares of the construction company's stock after selling 700 shares during the quarter. Cavco Industries accounts for about 1.1% of Quantedge Capital Pte Ltd's investment portfolio, making the stock its 27th largest position. Quantedge Capital Pte Ltd owned approximately 0.09% of Cavco Industries worth $3,124,000 as of its most recent filing with the SEC.

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

Cavco Industries Stock Performance

Shares of CVCO stock opened at $527.98 on Wednesday. Cavco Industries, Inc. has a 52 week low of $331.08 and a 52 week high of $549.99. The company's 50 day moving average price is $500.03 and its two-hundred day moving average price is $489.86. The company has a market capitalization of $4.28 billion, a P/E ratio of 25.98 and a beta of 1.29.

Analyst Upgrades and Downgrades

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

Insider Activity at Cavco Industries

In other Cavco Industries news, Director David A. Greenblatt sold 4,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $528.88, for a total value of $2,115,520.00. Following the transaction, the director now directly owns 15,286 shares of the company's stock, valued at $8,084,459.68. This trade represents a 20.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.60% of the company's stock.

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.

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