Hsbc Holdings PLC Purchases 2,379 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Hsbc Holdings PLC boosted its stake in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 177.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,718 shares of the construction company's stock after purchasing an additional 2,379 shares during the quarter. Hsbc Holdings PLC's holdings in Cavco Industries were worth $1,663,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd acquired a new position in Cavco Industries during the 4th quarter worth approximately $67,000. Smartleaf Asset Management LLC lifted its holdings in shares of Cavco Industries by 387.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the construction company's stock worth $72,000 after purchasing an additional 128 shares in the last quarter. Blue Trust Inc. grew its position in Cavco Industries by 28.9% in the 4th quarter. Blue Trust Inc. now owns 245 shares of the construction company's stock valued at $105,000 after purchasing an additional 55 shares during the period. GAMMA Investing LLC increased its stake in Cavco Industries by 15.2% during 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 in the last quarter. Finally, KBC Group NV raised its holdings in Cavco Industries by 35.2% during the fourth quarter. KBC Group NV now owns 330 shares of the construction company's stock worth $147,000 after buying an additional 86 shares during the last quarter. Institutional investors own 95.56% of the company's stock.

Insider Transactions at Cavco Industries

In other Cavco Industries news, Director David A. Greenblatt sold 4,000 shares of the business'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 in the company, valued at $8,084,459.68. The trade was a 20.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jack S. Brandom sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $538.00, for a total transaction of $538,000.00. Following the sale, the insider now owns 1,176 shares of the company's stock, valued at approximately $632,688. The trade was a 45.96 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock.

Analyst Ratings Changes

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

Cavco Industries Stock Up 0.6 %

Cavco Industries stock traded up $2.98 during midday trading on Wednesday, hitting $518.80. 8,293 shares of the stock were exchanged, compared to its average volume of 63,904. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 25.53 and a beta of 1.29. Cavco Industries, Inc. has a 52-week low of $331.08 and a 52-week high of $544.08. The business's 50-day moving average price is $499.86 and its 200-day moving average price is $486.02.

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.