Marshall Wace LLP Increases Stake in Cavco Industries, Inc. (NASDAQ:CVCO)

Marshall Wace LLP raised its holdings in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 305.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,841 shares of the construction company's stock after buying an additional 2,141 shares during the period. Marshall Wace LLP's holdings in Cavco Industries were worth $1,268,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. XTX Topco Ltd increased its holdings in Cavco Industries by 35.5% during the 4th quarter. XTX Topco Ltd now owns 1,937 shares of the construction company's stock worth $864,000 after purchasing an additional 507 shares during the period. Summit Investment Advisors Inc. raised its holdings in Cavco Industries by 3.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 866 shares of the construction company's stock valued at $386,000 after acquiring an additional 30 shares in the last quarter. Kennedy Capital Management LLC lifted its stake in Cavco Industries by 0.4% in the fourth quarter. Kennedy Capital Management LLC now owns 32,080 shares of the construction company's stock worth $14,315,000 after acquiring an additional 139 shares during the last quarter. Bessemer Group Inc. grew its holdings in Cavco Industries by 4.3% during the 4th quarter. Bessemer Group Inc. now owns 50,017 shares of the construction company's stock worth $22,318,000 after acquiring an additional 2,040 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Cavco Industries in the 4th quarter valued at approximately $5,967,000. Hedge funds and other institutional investors own 95.56% of the company's stock.

Insider Activity at Cavco Industries

In related news, Director David A. Greenblatt sold 4,000 shares of the firm's stock in a transaction dated 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 owns 15,286 shares of the company's stock, valued at $8,084,459.68. This trade represents a 20.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Susan L. Blount sold 2,000 shares of the business's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $507.18, for a total value of $1,014,360.00. Following the completion of the transaction, the director now owns 2,836 shares in the company, valued at $1,438,362.48. This trade represents a 41.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,894 shares of company stock worth $4,140,833 in the last 90 days. 1.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CVCO shares. StockNews.com raised Cavco Industries from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Wedbush restated a "neutral" rating and set a $550.00 price objective (up previously from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd.

Cavco Industries Price Performance

Shares of CVCO traded up $0.24 during midday trading on Monday, reaching $512.65. 5,209 shares of the stock were exchanged, compared to its average volume of 63,805. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 25.21 and a beta of 1.29. Cavco Industries, Inc. has a twelve month low of $331.08 and a twelve month high of $544.08. The business's 50-day moving average price is $500.28 and its 200 day moving average price is $485.37.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The construction company reported $6.90 earnings per share for the quarter, beating analysts' consensus estimates of $4.89 by $2.01. Cavco Industries had a return on equity of 16.17% and a net margin of 8.75%. As a group, equities research analysts expect that Cavco Industries, Inc. will post 21.93 earnings per share for the current fiscal year.

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.