SG Americas Securities LLC Makes New Investment in Cavco Industries, Inc. (NASDAQ:CVCO)

SG Americas Securities LLC purchased a new position in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,568 shares of the construction company's stock, valued at approximately $815,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Cavco Industries by 38.7% in the first quarter. GAMMA Investing LLC now owns 441 shares of the construction company's stock worth $229,000 after acquiring an additional 123 shares during the last quarter. Ashford Capital Management Inc. lifted its stake in Cavco Industries by 1.1% in the fourth quarter. Ashford Capital Management Inc. now owns 58,295 shares of the construction company's stock worth $26,013,000 after acquiring an additional 625 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Cavco Industries by 22.1% during the fourth 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 purchasing an additional 2,802 shares in the last quarter. Vident Advisory LLC raised its holdings in Cavco Industries by 574.2% during 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 in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in Cavco Industries during the fourth quarter worth approximately $267,000. Hedge funds and other institutional investors own 95.56% of the company's stock.

Cavco Industries Trading Up 3.1%

Shares of Cavco Industries stock traded up $12.50 during trading on Monday, reaching $409.73. The company's stock had a trading volume of 203,070 shares, compared to its average volume of 75,134. The company has a 50-day moving average price of $469.66 and a two-hundred day moving average price of $484.55. The firm has a market cap of $3.31 billion, a PE ratio of 19.74 and a beta of 1.17. Cavco Industries, Inc. has a fifty-two week low of $331.08 and a fifty-two week high of $549.99.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last announced its earnings results on Thursday, May 22nd. The construction company reported $5.40 EPS for the quarter, beating analysts' consensus estimates of $5.23 by $0.17. The business had revenue of $508.36 million for the quarter, compared to analysts' expectations of $504.15 million. Cavco Industries had a net margin of 8.49% and a return on equity of 17.00%. On average, analysts predict that Cavco Industries, Inc. will post 21.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wall Street Zen cut shares of Cavco Industries from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Wedbush reissued a "neutral" rating and set a $550.00 price objective on shares of Cavco Industries in a report on Tuesday, May 27th.

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.