Broad Bay Capital Management LP Has $67.24 Million Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

Broad Bay Capital Management LP lessened its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 16.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 150,686 shares of the construction company's stock after selling 29,490 shares during the quarter. Cavco Industries makes up about 8.3% of Broad Bay Capital Management LP's investment portfolio, making the stock its largest position. Broad Bay Capital Management LP owned 1.86% of Cavco Industries worth $67,241,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC boosted its position in Cavco Industries by 162.0% in the third quarter. Barclays PLC now owns 17,234 shares of the construction company's stock valued at $7,381,000 after buying an additional 10,656 shares in the last quarter. JPMorgan Chase & Co. grew its position in Cavco Industries by 55.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 35,887 shares of the construction company's stock worth $15,368,000 after acquiring an additional 12,780 shares during the last quarter. GAMMA Investing LLC raised its position in Cavco Industries by 15.2% in the 4th quarter. GAMMA Investing LLC now owns 318 shares of the construction company's stock valued at $142,000 after purchasing an additional 42 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Cavco Industries by 2.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 23,041 shares of the construction company's stock valued at $10,282,000 after buying an additional 642 shares in the last quarter. Finally, Park Avenue Securities LLC raised its stake in shares of Cavco Industries by 30.8% in the fourth quarter. Park Avenue Securities LLC now owns 1,369 shares of the construction company's stock worth $611,000 after acquiring an additional 322 shares during the last quarter. 95.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Cavco Industries Stock Down 0.6 %

Shares of NASDAQ CVCO traded down $2.90 during midday trading on Friday, hitting $524.14. 43,300 shares of the company's stock were exchanged, compared to its average volume of 64,221. The firm has a market capitalization of $4.25 billion, a PE ratio of 25.79 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. The company's 50 day moving average price is $499.98 and its 200 day moving average price is $487.69.

Insider Activity

In other Cavco Industries news, Director David A. Greenblatt sold 4,000 shares of the 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 represents a 20.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.