Los Angeles Capital Management LLC Trims Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

Los Angeles Capital Management LLC lowered its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 90.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,085 shares of the construction company's stock after selling 10,267 shares during the period. Los Angeles Capital Management LLC's holdings in Cavco Industries were worth $376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of CVCO. Park Avenue Securities LLC bought a new position in Cavco Industries during the third quarter valued at approximately $390,000. Cascade Investment Advisors Inc. grew its holdings in shares of Cavco Industries by 46.7% in the third quarter. Cascade Investment Advisors Inc. now owns 4,276 shares of the construction company's stock valued at $1,136,000 after purchasing an additional 1,361 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Cavco Industries by 14.9% in the third quarter. Victory Capital Management Inc. now owns 3,688 shares of the construction company's stock valued at $980,000 after purchasing an additional 477 shares in the last quarter. Illinois Municipal Retirement Fund bought a new stake in Cavco Industries in the third quarter worth $1,265,000. Finally, Aviance Capital Partners LLC raised its stake in Cavco Industries by 127.9% during the third quarter. Aviance Capital Partners LLC now owns 16,481 shares of the construction company's stock valued at $4,378,000 after purchasing an additional 9,248 shares in the last quarter. Hedge funds and other institutional investors own 95.56% of the company's stock.

Insider Activity at Cavco Industries

In other news, CAO Paul Bigbee sold 262 shares of Cavco Industries stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $367.13, for a total value of $96,188.06. Following the completion of the transaction, the chief accounting officer now owns 766 shares in the company, valued at approximately $281,221.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.73% of the stock is owned by insiders.

Cavco Industries Stock Performance

CVCO stock traded down $0.26 during trading on Friday, hitting $376.61. 55,394 shares of the company's stock traded hands, compared to its average volume of 51,495. Cavco Industries, Inc. has a 52 week low of $233.84 and a 52 week high of $400.99. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 19.11 and a beta of 1.16. The business has a fifty day simple moving average of $375.17 and a 200 day simple moving average of $338.54.

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.