Ashford Capital Management Inc. lifted its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,295 shares of the construction company's stock after buying an additional 625 shares during the period. Cavco Industries makes up about 3.1% of Ashford Capital Management Inc.'s investment portfolio, making the stock its 9th largest holding. Ashford Capital Management Inc. owned about 0.72% of Cavco Industries worth $26,013,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in CVCO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Cavco Industries by 22.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,492 shares of the construction company's stock worth $6,913,000 after acquiring an additional 2,802 shares during the period. Vident Advisory LLC lifted its holdings in Cavco Industries by 574.2% in the fourth quarter. Vident Advisory LLC now owns 3,553 shares of the construction company's stock worth $1,585,000 after purchasing an additional 3,026 shares during the period. Squarepoint Ops LLC bought a new position in Cavco Industries in the 4th quarter valued at about $267,000. State of Wyoming increased its stake in Cavco Industries by 0.8% during the 4th quarter. State of Wyoming now owns 3,066 shares of the construction company's stock valued at $1,368,000 after buying an additional 24 shares during the period. Finally, Rafferty Asset Management LLC increased its stake in Cavco Industries by 49.0% during the 4th quarter. Rafferty Asset Management LLC now owns 5,483 shares of the construction company's stock valued at $2,447,000 after buying an additional 1,802 shares during the period. 95.56% of the stock is currently owned by institutional investors and hedge funds.
Cavco Industries Trading Down 1.9%
Shares of Cavco Industries stock opened at $517.88 on Tuesday. Cavco Industries, Inc. has a 52 week low of $331.08 and a 52 week high of $549.99. The stock has a market cap of $4.20 billion, a PE ratio of 25.49 and a beta of 1.29. The company's 50-day moving average price is $500.86 and its two-hundred day moving average price is $493.14.
Insider Buying and Selling
In related news, Director David A. Greenblatt sold 4,000 shares of Cavco Industries stock in a transaction on 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 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.60% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on CVCO shares. StockNews.com lowered shares of Cavco Industries from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Wedbush restated a "neutral" rating and issued a $550.00 target price (up from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd.
View Our Latest Research Report on Cavco Industries
About Cavco Industries
(
Free Report)
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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Want to see what other hedge funds are holding CVCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cavco Industries, Inc. (NASDAQ:CVCO - Free Report).
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