Cavco Industries, Inc. (NASDAQ:CVCO) Holdings Decreased by Millennium Management LLC

Millennium Management LLC lowered its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 21.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,453 shares of the construction company's stock after selling 1,456 shares during the period. Millennium Management LLC owned approximately 0.07% of Cavco Industries worth $2,433,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Cavco Industries by 3.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,709 shares of the construction company's stock worth $2,101,000 after buying an additional 137 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of Cavco Industries by 13.8% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 58,665 shares of the construction company's stock worth $26,178,000 after buying an additional 7,093 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Cavco Industries by 1,030.9% in the 4th quarter. Janus Henderson Group PLC now owns 72,534 shares of the construction company's stock worth $32,371,000 after buying an additional 66,120 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of Cavco Industries by 3.6% in the 4th quarter. Captrust Financial Advisors now owns 1,329 shares of the construction company's stock worth $593,000 after buying an additional 46 shares in the last quarter. Finally, Ancora Advisors LLC raised its stake in shares of Cavco Industries by 0.4% in the 4th quarter. Ancora Advisors LLC now owns 10,070 shares of the construction company's stock worth $4,494,000 after buying an additional 40 shares in the last quarter. Institutional investors own 95.56% of the company's stock.

Cavco Industries Trading Down 0.7%

Shares of NASDAQ CVCO traded down $2.81 during mid-day trading on Thursday, reaching $423.85. The company had a trading volume of 216,459 shares, compared to its average volume of 66,829. Cavco Industries, Inc. has a 1-year low of $331.08 and a 1-year high of $549.99. The stock has a market cap of $3.40 billion, a PE ratio of 20.86 and a beta of 1.29. The company has a 50-day moving average price of $487.40 and a two-hundred day moving average price of $492.37.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The construction company reported $5.40 earnings per share for the quarter, beating analysts' consensus estimates of $5.23 by $0.17. Cavco Industries had a return on equity of 16.17% and a net margin of 8.75%. The business had revenue of $508.36 million for the quarter, compared to the consensus estimate of $504.15 million. On average, research analysts expect that Cavco Industries, Inc. will post 21.93 EPS for the current year.

Analyst Ratings Changes

CVCO has been the topic of a number of research reports. Wedbush reissued a "neutral" rating and issued a $550.00 price objective on shares of Cavco Industries in a research note on Tuesday, May 27th. Wall Street Zen cut Cavco Industries from a "buy" rating to a "hold" rating in a report on Friday, May 30th.

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.