GSA Capital Partners LLP Boosts Stock Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

GSA Capital Partners LLP raised its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 90.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,404 shares of the construction company's stock after purchasing an additional 1,616 shares during the period. GSA Capital Partners LLP's holdings in Cavco Industries were worth $1,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Janney Montgomery Scott LLC grew its stake in shares of Cavco Industries by 12.8% during the first quarter. Janney Montgomery Scott LLC now owns 1,923 shares of the construction company's stock valued at $767,000 after buying an additional 218 shares during the last quarter. SG Americas Securities LLC bought a new position in Cavco Industries in the first quarter worth approximately $197,000. Russell Investments Group Ltd. grew its stake in Cavco Industries by 2.5% in the first quarter. Russell Investments Group Ltd. now owns 9,058 shares of the construction company's stock worth $3,615,000 after purchasing an additional 224 shares in the last quarter. ProShare Advisors LLC grew its stake in Cavco Industries by 3.3% in the first quarter. ProShare Advisors LLC now owns 1,676 shares of the construction company's stock worth $669,000 after purchasing an additional 54 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its stake in Cavco Industries by 28.8% in the first quarter. First Eagle Investment Management LLC now owns 12,328 shares of the construction company's stock worth $4,920,000 after purchasing an additional 2,760 shares in the last quarter. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CVCO has been the topic of several recent research reports. Craig Hallum increased their target price on Cavco Industries from $422.00 to $495.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Wedbush increased their target price on Cavco Industries from $425.00 to $455.00 and gave the company an "outperform" rating in a research report on Friday, October 11th. Finally, StockNews.com raised Cavco Industries from a "hold" rating to a "buy" rating in a research report on Monday, November 4th.

Insider Activity

In other news, CAO Paul Bigbee sold 88 shares of the business's stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $401.40, for a total value of $35,323.20. Following the completion of the transaction, the chief accounting officer now owns 1,081 shares of the company's stock, valued at $433,913.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CAO Paul Bigbee sold 88 shares of the company's stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $401.40, for a total value of $35,323.20. Following the completion of the transaction, the chief accounting officer now owns 1,081 shares of the company's stock, valued at approximately $433,913.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Julia Sze sold 125 shares of the company's stock in a transaction dated Friday, November 8th. The stock was 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 directly owns 2,861 shares of the company's stock, valued at $1,312,283.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,213 shares of company stock valued at $1,729,458 in the last quarter. 1.60% of the stock is currently owned by company insiders.

Cavco Industries Stock Performance

CVCO stock traded up $3.65 on Thursday, hitting $469.83. 10,359 shares of the company's stock were exchanged, compared to its average volume of 64,630. Cavco Industries, Inc. has a 12-month low of $271.48 and a 12-month high of $484.80. The firm has a 50 day moving average price of $430.71 and a two-hundred day moving average price of $392.72. The stock has a market cap of $3.81 billion, a P/E ratio of 26.74 and a beta of 1.24.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last issued its quarterly 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 return on equity of 14.38% and a net margin of 8.00%. The company had revenue of $507.46 million during the quarter, compared to analysts' expectations of $480.10 million. During the same quarter in the previous year, the firm posted $4.76 EPS. Sell-side analysts expect that Cavco Industries, Inc. will post 18 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.