2,181 Shares in Cavco Industries, Inc. (NASDAQ:CVCO) Bought by Dark Forest Capital Management LP

Dark Forest Capital Management LP bought a new position in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,181 shares of the construction company's stock, valued at approximately $973,000.

Several other institutional investors have also recently bought and sold shares of CVCO. Summit Investment Advisors Inc. increased its position in Cavco Industries by 3.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 866 shares of the construction company's stock worth $386,000 after acquiring an additional 30 shares during the period. SkyView Investment Advisors LLC raised its position in shares of Cavco Industries by 1.8% during the third quarter. SkyView Investment Advisors LLC now owns 1,791 shares of the construction company's stock valued at $767,000 after buying an additional 31 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Cavco Industries by 15.2% during the fourth 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. Xponance Inc. lifted its stake in shares of Cavco Industries by 9.4% in the fourth quarter. Xponance Inc. now owns 596 shares of the construction company's stock valued at $266,000 after buying an additional 51 shares during the period. Finally, Blue Trust Inc. grew its position in Cavco Industries by 28.9% during the fourth quarter. Blue Trust Inc. now owns 245 shares of the construction company's stock worth $105,000 after buying an additional 55 shares in the last quarter. Institutional investors own 95.56% of the company's stock.

Insider Activity

In other news, insider Matthew A. Nino sold 894 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $529.03, for a total transaction 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 trade represents a 53.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Susan L. Blount sold 2,000 shares of Cavco Industries stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $507.18, for a total transaction of $1,014,360.00. Following the completion of the transaction, the director now owns 2,836 shares of the company's stock, valued at $1,438,362.48. This trade represents a 41.36 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,894 shares of company stock worth $4,140,833. Corporate insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on CVCO. Wedbush reaffirmed a "neutral" rating and issued a $550.00 price target (up previously from $480.00) on shares of Cavco Industries in a report on Monday, February 3rd. StockNews.com cut Cavco Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, April 2nd.

Cavco Industries Stock Down 0.1 %

NASDAQ:CVCO opened at $480.10 on Thursday. The firm has a 50-day moving average price of $505.27 and a 200 day moving average price of $481.50. The firm has a market capitalization of $3.89 billion, a PE ratio of 23.63 and a beta of 1.19. Cavco Industries, Inc. has a 12-month low of $331.08 and a 12-month high of $544.08.

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

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.

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