Proficio Capital Partners LLC Purchases Shares of 12,048 Cavco Industries, Inc. (NASDAQ:CVCO)

Proficio Capital Partners LLC bought a new position in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,048 shares of the construction company's stock, valued at approximately $5,376,000. Proficio Capital Partners LLC owned 0.15% of Cavco Industries as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amalgamated Bank boosted its holdings in shares of Cavco Industries by 1.2% during the third quarter. Amalgamated Bank now owns 2,428 shares of the construction company's stock worth $1,040,000 after purchasing an additional 29 shares during the period. SkyView Investment Advisors LLC raised its position 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 valued at $767,000 after purchasing an additional 31 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in Cavco Industries by 0.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 9,493 shares of the construction company's stock worth $4,066,000 after buying an additional 37 shares during the period. GAMMA Investing LLC grew its position in shares of Cavco Industries by 15.2% in the 4th quarter. GAMMA Investing LLC now owns 318 shares of the construction company's stock worth $142,000 after buying an additional 42 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Cavco Industries by 28.9% during the fourth quarter. Blue Trust Inc. now owns 245 shares of the construction company's stock valued at $105,000 after buying an additional 55 shares during the period. 95.56% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

CVCO has been the subject of a number of research analyst reports. Wedbush reaffirmed a "neutral" rating and issued a $550.00 price target (up previously from $480.00) on shares of Cavco Industries in a research note on Monday, February 3rd. StockNews.com raised shares of Cavco Industries from a "hold" rating to a "buy" rating in a research report on Monday, February 3rd.

Cavco Industries Stock Down 1.7 %

Shares of NASDAQ:CVCO traded down $9.05 during trading on Friday, hitting $520.32. The stock had a trading volume of 60,091 shares, compared to its average volume of 59,650. Cavco Industries, Inc. has a 12 month low of $331.08 and a 12 month high of $544.08. The company has a market capitalization of $4.22 billion, a PE ratio of 25.61 and a beta of 1.35. The firm's fifty day moving average is $493.02 and its 200 day moving average is $461.56.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share (EPS) for the quarter, topping the consensus estimate 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 expect that Cavco Industries, Inc. will post 21.93 EPS for the current fiscal year.

Insider Transactions at Cavco Industries

In other news, insider Jack S. Brandom sold 1,000 shares of Cavco Industries stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $538.00, for a total value of $538,000.00. Following the completion of the sale, the insider now directly owns 1,176 shares in the company, valued at $632,688. The trade was a 45.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David A. Greenblatt sold 4,000 shares of Cavco Industries stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $528.88, for a total transaction of $2,115,520.00. Following the completion of the sale, the director now directly owns 15,286 shares of the company's stock, valued at approximately $8,084,459.68. This trade represents a 20.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,519 shares of company stock valued at $4,921,692 in the last ninety days. 1.60% of the stock is currently owned by corporate 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.