PDT Partners LLC Sells 1,651 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

PDT Partners LLC decreased its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 47.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,843 shares of the construction company's stock after selling 1,651 shares during the period. PDT Partners LLC's holdings in Cavco Industries were worth $822,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC lifted its holdings in Cavco Industries by 118.8% in the fourth quarter. FMR LLC now owns 296,343 shares of the construction company's stock worth $132,237,000 after buying an additional 160,899 shares during the period. Proficio Capital Partners LLC bought a new position in Cavco Industries in the 4th quarter valued at approximately $5,376,000. Charles Schwab Investment Management Inc. boosted its position in shares of Cavco Industries by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 110,977 shares of the construction company's stock valued at $49,521,000 after buying an additional 1,524 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Cavco Industries in the fourth quarter worth approximately $215,000. Finally, Commonwealth Equity Services LLC purchased a new stake in Cavco Industries during the 4th quarter valued at $308,000. Institutional investors own 95.56% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. StockNews.com raised shares of Cavco Industries from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Wedbush restated a "neutral" rating and issued a $550.00 price target (up from $480.00) on shares of Cavco Industries in a research note on Monday, February 3rd.

Cavco Industries Stock Up 0.3 %

Cavco Industries stock traded up $1.31 during mid-day trading on Tuesday, reaching $513.34. 23,775 shares of the company's stock traded hands, compared to its average volume of 63,798. Cavco Industries, Inc. has a 12-month low of $331.08 and a 12-month high of $544.08. The stock has a 50 day moving average of $499.91 and a two-hundred day moving average of $485.82. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 25.27 and a beta of 1.29.

Insider Activity

In related news, Director David A. Greenblatt sold 4,000 shares of the stock in a transaction on 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 sale, the director now owns 15,286 shares in the company, valued at approximately $8,084,459.68. This represents a 20.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Matthew A. Nino sold 894 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $529.03, for a total value of $472,952.82. Following the completion of the sale, the insider now owns 771 shares of the company's stock, valued at approximately $407,882.13. This represents a 53.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,894 shares of company stock worth $3,126,473. 1.60% of the stock is currently owned by corporate insiders.

Cavco Industries Company 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.