Proficio Capital Partners LLC Makes New $5.38 Million Investment in Cavco Industries, Inc. (NASDAQ:CVCO)

Proficio Capital Partners LLC bought a new position in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,048 shares of the construction company's stock, valued at approximately $5,376,000. Proficio Capital Partners LLC owned about 0.15% of Cavco Industries as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in Cavco Industries by 6.1% in the third quarter. Geode Capital Management LLC now owns 224,384 shares of the construction company's stock worth $96,107,000 after acquiring an additional 12,822 shares during the last quarter. Boston Trust Walden Corp lifted its holdings in Cavco Industries by 0.3% in the fourth quarter. Boston Trust Walden Corp now owns 193,895 shares of the construction company's stock worth $86,522,000 after acquiring an additional 614 shares during the last quarter. GW&K Investment Management LLC lifted its holdings in Cavco Industries by 1.0% in the fourth quarter. GW&K Investment Management LLC now owns 188,715 shares of the construction company's stock worth $84,210,000 after acquiring an additional 1,931 shares during the last quarter. FMR LLC raised its holdings in shares of Cavco Industries by 7.0% during the third quarter. FMR LLC now owns 135,444 shares of the construction company's stock valued at $58,002,000 after buying an additional 8,829 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Cavco Industries by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 110,977 shares of the construction company's stock valued at $49,521,000 after buying an additional 1,524 shares during the last quarter. Institutional investors own 95.56% of the company's stock.

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Cavco Industries Stock Performance

Shares of CVCO traded down $4.17 during mid-day trading on Thursday, reaching $521.48. 58,773 shares of the company's stock traded hands, compared to its average volume of 59,998. The business's 50-day moving average price is $504.42 and its 200-day moving average price is $468.79. The stock has a market capitalization of $4.23 billion, a P/E ratio of 25.66 and a beta of 1.34. 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 quarterly earnings data on Thursday, January 30th. The construction company reported $6.90 EPS for the quarter, beating analysts' consensus estimates of $4.89 by $2.01. Cavco Industries had a net margin of 8.75% and a return on equity of 16.17%. Equities research analysts anticipate that Cavco Industries, Inc. will post 21.93 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on CVCO. StockNews.com raised Cavco Industries from a "hold" rating to a "buy" rating in a report on Monday, February 3rd. Wedbush reaffirmed a "neutral" rating and set a $550.00 price target (up previously from $480.00) on shares of Cavco Industries in a report on Monday, February 3rd.

Insider Activity at Cavco Industries

In related 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 transaction, the insider now owns 771 shares in the company, valued at $407,882.13. This trade represents a 53.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David A. Greenblatt sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $528.88, for a total transaction of $2,115,520.00. Following the transaction, the director now owns 15,286 shares in the company, valued at $8,084,459.68. This represents a 20.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,644 shares of company stock worth $4,494,608 over the last quarter. 1.60% of the stock is currently owned by company insiders.

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.