Millennium Management LLC Sells 1,456 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

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

Other hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 purchasing an additional 137 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in Cavco Industries by 13.8% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 58,665 shares of the construction company's stock valued at $26,178,000 after acquiring an additional 7,093 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Cavco Industries by 1,030.9% during the 4th quarter. Janus Henderson Group PLC now owns 72,534 shares of the construction company's stock worth $32,371,000 after acquiring an additional 66,120 shares during the period. Captrust Financial Advisors grew its holdings in shares of Cavco Industries by 3.6% during the 4th quarter. Captrust Financial Advisors now owns 1,329 shares of the construction company's stock worth $593,000 after acquiring an additional 46 shares during the period. Finally, Ancora Advisors LLC raised its position 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 acquiring an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 95.56% of the company's stock.

Cavco Industries Stock Performance

Shares of CVCO traded up $5.49 on Tuesday, hitting $429.00. 120,749 shares of the stock traded hands, compared to its average volume of 65,995. The company has a market capitalization of $3.44 billion, a PE ratio of 21.11 and a beta of 1.29. Cavco Industries, Inc. has a one year low of $331.08 and a one year high of $549.99. The business has a 50 day simple moving average of $491.10 and a 200 day simple moving average of $493.27.

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

Insiders Place Their Bets

In other news, Director David A. Greenblatt sold 4,000 shares of the stock in a transaction 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 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 filing with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Wedbush restated a "neutral" rating and set a $550.00 target price on shares of Cavco Industries in a report on Tuesday, May 27th. Wall Street Zen lowered shares of Cavco Industries from a "buy" rating to a "hold" rating in a research note on Friday.

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.