Cavco Industries, Inc. (NASDAQ:CVCO) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its position in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 48.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,315 shares of the construction company's stock after selling 29,520 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.39% of Cavco Industries worth $13,974,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CVCO. Harbor Capital Advisors Inc. grew its position in Cavco Industries by 2.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 23,041 shares of the construction company's stock valued at $10,282,000 after acquiring an additional 642 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Cavco Industries by 15.2% in the fourth quarter. GAMMA Investing LLC now owns 318 shares of the construction company's stock valued at $142,000 after purchasing an additional 42 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Cavco Industries by 55.3% in the third quarter. JPMorgan Chase & Co. now owns 35,887 shares of the construction company's stock valued at $15,368,000 after purchasing an additional 12,780 shares in the last quarter. SkyView Investment Advisors LLC increased its stake in Cavco Industries by 1.8% during the 3rd quarter. SkyView Investment Advisors LLC now owns 1,791 shares of the construction company's stock worth $767,000 after buying an additional 31 shares during the period. Finally, Virtu Financial LLC acquired a new stake in Cavco Industries during the 3rd quarter worth approximately $637,000. Institutional investors and hedge funds own 95.56% of the company's stock.

Cavco Industries Stock Up 1.1 %

NASDAQ CVCO traded up $5.31 on Friday, hitting $476.84. 69,091 shares of the stock were exchanged, compared to its average volume of 46,999. Cavco Industries, Inc. has a fifty-two week low of $310.46 and a fifty-two week high of $544.08. The company has a 50-day moving average price of $473.45 and a 200-day moving average price of $430.35. The company has a market cap of $3.87 billion, a PE ratio of 26.96 and a beta of 1.33.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last issued its earnings results on Thursday, October 31st. The construction company reported $5.28 EPS for the quarter, topping analysts' consensus estimates of $4.70 by $0.58. Cavco Industries had a net margin of 8.00% and a return on equity of 14.38%. The firm had revenue of $507.46 million during the quarter, compared to the consensus estimate of $480.10 million. During the same quarter in the previous year, the firm posted $4.76 earnings per share. As a group, equities research analysts predict that Cavco Industries, Inc. will post 18 EPS for the current fiscal year.

Analyst Ratings Changes

CVCO has been the subject of several research reports. StockNews.com downgraded shares of Cavco Industries from a "buy" rating to a "hold" rating in a research note on Friday, December 20th. Wedbush cut Cavco Industries from an "outperform" rating to a "neutral" rating and set a $480.00 target price for the company. in a research note on Tuesday, December 3rd. Finally, Craig Hallum increased their price target on Cavco Industries from $422.00 to $495.00 and gave the company a "buy" rating in a research report on Monday, November 4th.

Insider Activity

In other Cavco Industries news, Director Julia Sze sold 125 shares of the company's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $458.68, for a total value of $57,335.00. Following the completion of the transaction, the director now owns 2,861 shares in the company, valued at $1,312,283.48. This represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Susan L. Blount sold 750 shares of the firm's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $471.70, for a total value of $353,775.00. Following the transaction, the director now directly owns 2,836 shares in the company, valued at approximately $1,337,741.20. The trade was a 20.91 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,850 shares of company stock worth $889,417. 1.60% of the stock is currently owned by 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.