SG Capital Management LLC Has $20.85 Million Stock Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

SG Capital Management LLC cut its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 43.4% in the 4th quarter, HoldingsChannel reports. The fund owned 46,715 shares of the construction company’s stock after selling 35,766 shares during the period. Cavco Industries makes up approximately 2.0% of SG Capital Management LLC’s investment portfolio, making the stock its 14th biggest holding. SG Capital Management LLC’s holdings in Cavco Industries were worth $20,846,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Harvest Fund Management Co. Ltd bought a new position in Cavco Industries during the fourth quarter worth about $67,000. Smartleaf Asset Management LLC boosted its holdings in Cavco Industries by 387.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the construction company’s stock worth $72,000 after buying an additional 128 shares during the period. Blue Trust Inc. grew its stake in Cavco Industries by 28.9% in the 4th quarter. Blue Trust Inc. now owns 245 shares of the construction company’s stock valued at $105,000 after buying an additional 55 shares in the last quarter. KBC Group NV raised its holdings in Cavco Industries by 35.2% during the 4th quarter. KBC Group NV now owns 330 shares of the construction company’s stock valued at $147,000 after acquiring an additional 86 shares during the period. Finally, ClearAlpha Technologies LP purchased a new stake in shares of Cavco Industries during the fourth quarter worth $204,000. 95.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CVCO shares. StockNews.com cut Cavco Industries from a “buy” rating to a “hold” rating in a report on Thursday. Wedbush reissued a “neutral” rating and issued a $550.00 price target (up from $480.00) on shares of Cavco Industries in a report on Monday, February 3rd.

Cavco Industries Stock Performance

CVCO stock opened at $520.39 on Friday. The company has a market capitalization of $4.22 billion, a PE ratio of 25.61 and a beta of 1.29. Cavco Industries, Inc. has a one year low of $331.08 and a one year high of $549.99. The company’s 50 day moving average price is $500.13 and its two-hundred day moving average price is $490.74.

Insider Activity at Cavco Industries

In other Cavco Industries news, Director David A. Greenblatt sold 4,000 shares of the stock in a transaction 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 completion of the sale, the director now owns 15,286 shares of the company’s stock, valued at $8,084,459.68. This represents a 20.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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.