Russell Investments Group Ltd. trimmed its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 29.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,834 shares of the construction company's stock after selling 3,623 shares during the period. Russell Investments Group Ltd. owned about 0.11% of Cavco Industries worth $3,062,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of CVCO. Truist Financial Corp boosted its position in shares of Cavco Industries by 3.7% in the fourth quarter. Truist Financial Corp now owns 15,979 shares of the construction company's stock worth $5,539,000 after buying an additional 571 shares during the period. Simplex Trading LLC acquired a new stake in Cavco Industries during the 4th quarter worth about $140,000. GAMMA Investing LLC acquired a new position in shares of Cavco Industries in the 4th quarter valued at about $77,000. Marks Group Wealth Management Inc lifted its position in shares of Cavco Industries by 1.2% in the fourth quarter. Marks Group Wealth Management Inc now owns 7,780 shares of the construction company's stock worth $2,697,000 after purchasing an additional 89 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in shares of Cavco Industries by 25.2% during the fourth quarter. New York State Common Retirement Fund now owns 4,570 shares of the construction company's stock worth $1,584,000 after purchasing an additional 919 shares during the period. Institutional investors and hedge funds own 95.56% of the company's stock.
Cavco Industries Price Performance
CVCO traded down $4.41 on Monday, reaching $372.20. 51,080 shares of the company traded hands, compared to its average volume of 61,264. Cavco Industries, Inc. has a 52-week low of $233.84 and a 52-week high of $400.99. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 18.88 and a beta of 1.16. The stock's 50 day moving average price is $375.26 and its 200-day moving average price is $339.38.
Insider Transactions at Cavco Industries
In related news, CAO Paul Bigbee sold 262 shares of Cavco Industries stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $367.13, for a total transaction of $96,188.06. Following the completion of the sale, the chief accounting officer now owns 766 shares of the company's stock, valued at $281,221.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.73% of the stock is currently owned by company insiders.
Cavco Industries Profile
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Free Report)
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.
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