SG Capital Management LLC Cuts Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

SG Capital Management LLC cut its position in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 43.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,715 shares of the construction company's stock after selling 35,766 shares during the quarter. Cavco Industries accounts for 2.0% of SG Capital Management LLC's holdings, making the stock its 14th largest holding. SG Capital Management LLC owned approximately 0.58% of Cavco Industries worth $20,846,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Harvest Fund Management Co. Ltd acquired a new position in shares of Cavco Industries during the 4th quarter worth about $67,000. Smartleaf Asset Management LLC boosted its position 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 worth $105,000 after acquiring an additional 55 shares in the last quarter. KBC Group NV boosted its position in shares of Cavco Industries by 35.2% during the 4th quarter. KBC Group NV now owns 330 shares of the construction company's stock worth $147,000 after acquiring an additional 86 shares in the last quarter. Finally, ClearAlpha Technologies LP acquired a new position in shares of Cavco Industries during the 4th quarter worth about $204,000. 95.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on CVCO shares. Wedbush reissued a "neutral" rating and issued a $550.00 target price (up from $480.00) on shares of Cavco Industries in a report on Monday, February 3rd. StockNews.com downgraded Cavco Industries from a "buy" rating to a "hold" rating in a report on Thursday.

Insider Buying and Selling at Cavco Industries

In other news, Director David A. Greenblatt sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $528.88, for a total transaction of $2,115,520.00. Following the completion of the transaction, the director now directly owns 15,286 shares of the company's stock, valued at approximately $8,084,459.68. This represents a 20.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.60% of the stock is owned by company insiders.

Cavco Industries Stock Down 1.9%

CVCO traded down $10.13 on Monday, hitting $517.88. 57,479 shares of the company traded hands, compared to its average volume of 64,281. The company has a 50 day moving average of $500.63 and a 200-day moving average of $492.64. The stock has a market capitalization of $4.20 billion, a PE ratio of 25.49 and a beta of 1.29. Cavco Industries, Inc. has a 12-month low of $331.08 and a 12-month high of $549.99.

Cavco Industries Company 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.