Cavco Industries, Inc. (NASDAQ:CVCO) Shares Purchased by Holocene Advisors LP

Holocene Advisors LP boosted its holdings in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 24.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,603 shares of the construction company's stock after purchasing an additional 1,476 shares during the quarter. Holocene Advisors LP owned about 0.09% of Cavco Industries worth $3,256,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Assenagon Asset Management S.A. increased its holdings in shares of Cavco Industries by 1,610.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 60,835 shares of the construction company's stock valued at $26,052,000 after acquiring an additional 57,278 shares during the period. Cerity Partners LLC grew its holdings in shares of Cavco Industries by 91.8% during the third quarter. Cerity Partners LLC now owns 46,915 shares of the construction company's stock worth $20,091,000 after buying an additional 22,451 shares during the last quarter. Atom Investors LP acquired a new position in Cavco Industries in the 3rd quarter valued at about $7,572,000. Harbor Capital Advisors Inc. raised its stake in Cavco Industries by 147.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 22,399 shares of the construction company's stock valued at $9,592,000 after acquiring an additional 13,331 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in Cavco Industries during the 2nd quarter valued at approximately $4,245,000. Institutional investors and hedge funds own 95.56% of the company's stock.

Cavco Industries Trading Up 0.5 %

Shares of NASDAQ CVCO traded up $2.59 during trading on Friday, reaching $500.64. The company had a trading volume of 33,663 shares, compared to its average volume of 64,252. Cavco Industries, Inc. has a twelve month low of $301.56 and a twelve month high of $544.08. The stock has a 50-day moving average price of $455.96 and a two-hundred day moving average price of $406.41. The stock has a market capitalization of $4.06 billion, a PE ratio of 28.16 and a beta of 1.29.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last released its earnings results on Thursday, October 31st. The construction company reported $5.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.70 by $0.58. The company had revenue of $507.46 million for the quarter, compared to analyst estimates of $480.10 million. Cavco Industries had a net margin of 8.00% and a return on equity of 14.38%. During the same period in the prior year, the firm earned $4.76 EPS. On average, sell-side analysts predict that Cavco Industries, Inc. will post 18 EPS for the current year.

Insider Activity

In other news, Director Julia Sze sold 125 shares of Cavco Industries 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 transaction, the director now directly owns 2,861 shares of the company's stock, valued at $1,312,283.48. The trade was a 4.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Paul Bigbee sold 88 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $401.40, for a total transaction of $35,323.20. Following the sale, the chief accounting officer now directly owns 1,081 shares of the company's stock, valued at approximately $433,913.40. This trade represents a 7.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,313 shares of company stock valued at $1,780,681 over the last quarter. Company insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CVCO shares. Craig Hallum increased their price target on Cavco Industries from $422.00 to $495.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Wedbush downgraded shares of Cavco Industries from an "outperform" rating to a "neutral" rating and set a $480.00 price objective on the stock. in a report on Tuesday. Finally, StockNews.com raised Cavco Industries from a "hold" rating to a "buy" rating in a research note on Monday, November 4th.

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.