Arrowstreet Capital Limited Partnership Has $6.50 Million Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

Arrowstreet Capital Limited Partnership boosted its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 186.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,569 shares of the construction company's stock after acquiring an additional 9,478 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.18% of Cavco Industries worth $6,501,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CVCO. Harvest Fund Management Co. Ltd acquired a new stake in Cavco Industries in the 4th quarter valued at about $67,000. Smartleaf Asset Management LLC lifted its position in shares of Cavco Industries by 387.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the construction company's stock valued at $72,000 after buying an additional 128 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Cavco Industries by 28.9% during the 4th quarter. Blue Trust Inc. now owns 245 shares of the construction company's stock worth $105,000 after acquiring an additional 55 shares during the period. GAMMA Investing LLC increased its holdings in shares of Cavco Industries by 15.2% during the 4th quarter. GAMMA Investing LLC now owns 318 shares of the construction company's stock worth $142,000 after acquiring an additional 42 shares during the last quarter. Finally, KBC Group NV increased its holdings 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 worth $147,000 after acquiring an additional 86 shares during the last quarter. Institutional investors and hedge funds own 95.56% of the company's stock.

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Analyst Ratings Changes

CVCO has been the subject of a number of research analyst reports. Wedbush reaffirmed a "neutral" rating and set a $550.00 price objective (up from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd. StockNews.com cut shares of Cavco Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, April 2nd.

Cavco Industries Stock Performance

Shares of NASDAQ CVCO traded up $2.84 during trading hours on Friday, reaching $469.83. 70,091 shares of the stock were exchanged, compared to its average volume of 63,855. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of 23.12 and a beta of 1.19. The stock's fifty day simple moving average is $514.45 and its 200 day simple moving average is $479.38. Cavco Industries, Inc. has a 52 week low of $331.08 and a 52 week high of $544.08.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last posted its quarterly earnings data 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 return on equity of 16.17% and a net margin of 8.75%. Research analysts predict that Cavco Industries, Inc. will post 21.93 EPS for the current fiscal year.

Insider Buying and Selling

In other Cavco Industries news, Director David A. Greenblatt sold 4,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $528.88, for a total value of $2,115,520.00. Following the completion of the sale, the director now 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jack S. Brandom sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $538.00, for a total transaction of $538,000.00. Following the transaction, the insider now directly owns 1,176 shares in the company, valued at $632,688. This represents a 45.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,644 shares of company stock valued at $4,494,608. 1.60% of the stock is owned by company insiders.

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.