Sei Investments Co. Has $3.26 Million Stock Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

Sei Investments Co. cut its stake in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 22.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,311 shares of the construction company's stock after selling 2,117 shares during the period. Sei Investments Co. owned approximately 0.09% of Cavco Industries worth $3,262,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd bought a new stake in shares of Cavco Industries in the 4th quarter worth $67,000. Smartleaf Asset Management LLC grew its holdings in Cavco Industries by 387.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the construction company's stock worth $72,000 after acquiring an additional 128 shares during the period. Blue Trust Inc. raised its position in Cavco Industries by 28.9% in the fourth quarter. Blue Trust Inc. now owns 245 shares of the construction company's stock worth $105,000 after acquiring an additional 55 shares in the last quarter. GAMMA Investing LLC lifted its holdings 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 acquiring an additional 42 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Cavco Industries by 35.2% during the 4th quarter. KBC Group NV now owns 330 shares of the construction company's stock valued at $147,000 after purchasing an additional 86 shares in the last quarter. Institutional investors own 95.56% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on CVCO shares. Wedbush reissued a "neutral" rating and set a $550.00 target price (up from $480.00) on shares of Cavco Industries in a research note on Monday, February 3rd. StockNews.com downgraded Cavco Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, April 2nd.

Cavco Industries Stock Performance

CVCO traded down $6.53 during trading on Tuesday, reaching $459.83. The company had a trading volume of 75,879 shares, compared to its average volume of 63,487. Cavco Industries, Inc. has a 12-month low of $331.08 and a 12-month high of $544.08. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 22.63 and a beta of 1.19. The firm's 50-day simple moving average is $516.57 and its 200 day simple moving average is $478.30.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last released its earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share for the quarter, topping the consensus estimate of $4.89 by $2.01. Cavco Industries had a net margin of 8.75% and a return on equity of 16.17%. On average, sell-side analysts expect that Cavco Industries, Inc. will post 21.93 EPS for the current year.

Insiders Place Their Bets

In other Cavco Industries news, Director Susan L. Blount sold 2,000 shares of Cavco Industries stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $507.18, for a total transaction of $1,014,360.00. Following the transaction, the director now owns 2,836 shares of the company's stock, valued at $1,438,362.48. The trade was a 41.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Matthew A. Nino sold 894 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $529.03, for a total value of $472,952.82. Following the completion of the transaction, the insider now owns 771 shares in the company, valued at $407,882.13. This represents a 53.69 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,644 shares of company stock worth $4,494,608. Corporate insiders own 1.60% of the company's stock.

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.