Crown Advisors Management Inc. Invests $5.35 Million in Cavco Industries, Inc. (NASDAQ:CVCO)

Crown Advisors Management Inc. acquired a new position in Cavco Industries, Inc. (NASDAQ:CVCO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,000 shares of the construction company’s stock, valued at approximately $5,354,000. Cavco Industries makes up approximately 3.4% of Crown Advisors Management Inc.’s portfolio, making the stock its 8th largest position. Crown Advisors Management Inc. owned approximately 0.15% of Cavco Industries as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in CVCO. Cerity Partners LLC raised its position in shares of Cavco Industries by 91.8% in the 3rd quarter. Cerity Partners LLC now owns 46,915 shares of the construction company’s stock worth $20,091,000 after acquiring an additional 22,451 shares in the last quarter. Atom Investors LP bought a new stake in Cavco Industries in the 3rd quarter valued at about $7,572,000. Raymond James Financial Inc. bought a new stake in Cavco Industries in the 4th quarter valued at about $5,967,000. Geode Capital Management LLC increased its position in Cavco Industries by 6.1% in the 3rd quarter. Geode Capital Management LLC now owns 224,384 shares of the construction company’s stock valued at $96,107,000 after buying an additional 12,822 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Cavco Industries by 55.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 35,887 shares of the construction company’s stock valued at $15,368,000 after buying an additional 12,780 shares in the last quarter. 95.56% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Cavco Industries news, Director Susan L. Blount sold 750 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $471.70, for a total transaction of $353,775.00. Following the completion of the sale, the director now directly owns 2,836 shares of the company’s stock, valued at approximately $1,337,741.20. The trade was a 20.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jack S. Brandom sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $538.00, for a total value of $538,000.00. Following the sale, the insider now directly owns 1,176 shares of the company’s stock, valued at $632,688. This represents a 45.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,644 shares of company stock valued at $4,494,608. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CVCO. StockNews.com raised Cavco Industries from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd. Wedbush reaffirmed a “neutral” rating and issued a $550.00 target price (up from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd.

Cavco Industries Price Performance

Shares of Cavco Industries stock opened at $500.61 on Wednesday. The business has a 50-day simple moving average of $502.79 and a 200 day simple moving average of $468.39. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 24.64 and a beta of 1.34. Cavco Industries, Inc. has a one year low of $331.08 and a one year high of $544.08.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings data on Thursday, January 30th. The construction company reported $6.90 EPS for the quarter, topping analysts’ consensus estimates of $4.89 by $2.01. Cavco Industries had a return on equity of 16.17% and a net margin of 8.75%. On average, sell-side analysts expect that Cavco Industries, Inc. will post 21.93 EPS for the current 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.