Virtu Financial LLC Invests $637,000 in Cavco Industries, Inc. (NASDAQ:CVCO)

Virtu Financial LLC acquired a new stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,487 shares of the construction company's stock, valued at approximately $637,000.

Several other hedge funds have also recently added to or reduced their stakes in CVCO. Blue Trust Inc. increased its position in shares of Cavco Industries by 9,900.0% during the 2nd quarter. Blue Trust Inc. now owns 100 shares of the construction company's stock worth $35,000 after purchasing an additional 99 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Cavco Industries by 390.5% during the third quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company's stock worth $44,000 after buying an additional 82 shares during the last quarter. Avior Wealth Management LLC acquired a new stake in shares of Cavco Industries during the third quarter worth approximately $64,000. GAMMA Investing LLC raised its stake in shares of Cavco Industries by 30.2% in the third quarter. GAMMA Investing LLC now owns 276 shares of the construction company's stock valued at $118,000 after acquiring an additional 64 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of Cavco Industries in the 2nd quarter worth approximately $138,000. Institutional investors and hedge funds own 95.56% of the company's stock.

Insider Activity at Cavco Industries

In related news, CAO Paul Bigbee sold 100 shares of the firm's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $512.23, for a total value of $51,223.00. Following the completion of the transaction, the chief accounting officer now owns 981 shares of the company's stock, valued at approximately $502,497.63. This trade represents a 9.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Julia Sze sold 125 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $1,312,283.48. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 350 shares of company stock worth $171,472. 1.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Craig Hallum raised their price target on Cavco Industries from $422.00 to $495.00 and gave the company a "buy" rating in a report on Monday, November 4th. StockNews.com cut Cavco Industries from a "buy" rating to a "hold" rating in a report on Wednesday. Finally, Wedbush cut Cavco Industries from an "outperform" rating to a "neutral" rating and set a $480.00 price target for the company. in a report on Tuesday, December 3rd.

Cavco Industries Stock Performance

CVCO traded down $14.12 during mid-day trading on Friday, reaching $484.66. The stock had a trading volume of 52,747 shares, compared to its average volume of 64,083. The firm's fifty day simple moving average is $463.95 and its two-hundred day simple moving average is $412.71. The stock has a market capitalization of $3.93 billion, a P/E ratio of 27.40 and a beta of 1.29. Cavco Industries, Inc. has a 52 week low of $304.10 and a 52 week high of $544.08.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.58. The business 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 business posted $4.76 earnings per share. As a group, analysts expect that Cavco Industries, Inc. will post 18 EPS 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.