Renaissance Technologies LLC Has $1.58 Million Stock Position in Cavco Industries, Inc. (NASDAQ:CVCO)

Renaissance Technologies LLC cut its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 25.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,546 shares of the construction company's stock after selling 1,200 shares during the period. Renaissance Technologies LLC's holdings in Cavco Industries were worth $1,582,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Barclays PLC lifted its position in Cavco Industries by 162.0% during the 3rd quarter. Barclays PLC now owns 17,234 shares of the construction company's stock worth $7,381,000 after buying an additional 10,656 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Cavco Industries in the third quarter valued at approximately $637,000. SkyView Investment Advisors LLC raised its position in Cavco Industries by 1.8% in the 3rd quarter. SkyView Investment Advisors LLC now owns 1,791 shares of the construction company's stock worth $767,000 after purchasing an additional 31 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Cavco Industries by 55.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 35,887 shares of the construction company's stock worth $15,368,000 after buying an additional 12,780 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Cavco Industries by 15.2% in the 4th quarter. GAMMA Investing LLC now owns 318 shares of the construction company's stock valued at $142,000 after buying an additional 42 shares during the last quarter. Institutional investors own 95.56% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Cavco Industries

In other Cavco Industries news, Director David A. Greenblatt sold 4,000 shares of Cavco Industries 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 completion of the transaction, the director now directly owns 15,286 shares of the company's stock, valued at $8,084,459.68. The trade was a 20.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jack S. Brandom sold 1,000 shares of the company's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $538.00, for a total transaction of $538,000.00. Following the sale, the insider now directly owns 1,176 shares of the company's stock, valued at $632,688. This represents a 45.96 % 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 over the last quarter. 1.60% of the stock is currently owned by insiders.

Cavco Industries Price Performance

Shares of NASDAQ CVCO traded up $3.81 during midday trading on Friday, reaching $502.50. 7,853 shares of the stock were exchanged, 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 company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 24.78 and a beta of 1.29. The business has a 50-day simple moving average of $500.80 and a two-hundred day simple moving average of $484.35.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share for the quarter, topping 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%. Equities research analysts expect that Cavco Industries, Inc. will post 21.93 earnings per share for the current fiscal year.

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.