Jane Street Group LLC Acquires 3,544 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Jane Street Group LLC lifted its stake in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 84.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,747 shares of the construction company's stock after purchasing an additional 3,544 shares during the period. Jane Street Group LLC owned about 0.10% of Cavco Industries worth $3,457,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Freestone Grove Partners LP acquired a new stake in Cavco Industries during the 4th quarter worth $771,000. Lido Advisors LLC boosted its holdings in Cavco Industries by 33.6% in the fourth quarter. Lido Advisors LLC now owns 784 shares of the construction company's stock valued at $350,000 after purchasing an additional 197 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Cavco Industries by 9.5% in the fourth quarter. Northern Trust Corp now owns 91,732 shares of the construction company's stock valued at $40,934,000 after acquiring an additional 7,986 shares during the period. Boothbay Fund Management LLC purchased a new stake in shares of Cavco Industries during the fourth quarter worth approximately $491,000. Finally, Nebula Research & Development LLC lifted its holdings in Cavco Industries by 14.1% in the fourth quarter. Nebula Research & Development LLC now owns 1,493 shares of the construction company's stock valued at $666,000 after acquiring an additional 185 shares during the period. 95.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. StockNews.com cut Cavco Industries from a "buy" rating to a "hold" rating in a research report on Thursday. Wedbush reissued a "neutral" rating and set a $550.00 price target (up from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd.

Cavco Industries Trading Up 1.5%

NASDAQ CVCO traded up $7.62 during trading on Friday, reaching $528.01. 53,889 shares of the company's stock were exchanged, compared to its average volume of 64,308. Cavco Industries, Inc. has a fifty-two week low of $331.08 and a fifty-two week high of $549.99. The company's fifty day simple moving average is $500.63 and its 200-day simple moving average is $492.64. The firm has a market capitalization of $4.28 billion, a PE ratio of 25.98 and a beta of 1.29.

Insider Transactions at Cavco Industries

In other Cavco Industries news, Director David A. Greenblatt sold 4,000 shares of the company's 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 sale, the director now directly owns 15,286 shares in the company, valued at $8,084,459.68. This represents a 20.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.60% of the company's stock.

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.