Aviance Capital Partners LLC Sells 860 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Aviance Capital Partners LLC trimmed its position in Cavco Industries, Inc. (NASDAQ:CVCO) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,621 shares of the construction company’s stock after selling 860 shares during the quarter. Cavco Industries accounts for 1.2% of Aviance Capital Partners LLC’s portfolio, making the stock its 20th largest position. Aviance Capital Partners LLC owned about 0.19% of Cavco Industries worth $5,415,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SkyView Investment Advisors LLC raised its holdings in shares of Cavco Industries by 3.1% in the 3rd quarter. SkyView Investment Advisors LLC now owns 1,554 shares of the construction company’s stock worth $413,000 after buying an additional 47 shares in the last quarter. Pathstone Family Office LLC lifted its holdings in shares of Cavco Industries by 7.1% during the third quarter. Pathstone Family Office LLC now owns 1,014 shares of the construction company’s stock valued at $269,000 after acquiring an additional 67 shares during the period. Marks Group Wealth Management Inc boosted its stake in shares of Cavco Industries by 1.2% in the 4th quarter. Marks Group Wealth Management Inc now owns 7,780 shares of the construction company’s stock valued at $2,697,000 after purchasing an additional 89 shares in the last quarter. Group One Trading L.P. bought a new stake in shares of Cavco Industries in the 3rd quarter worth about $26,000. Finally, Headinvest LLC acquired a new stake in shares of Cavco Industries during the 3rd quarter worth about $26,000. 95.56% of the stock is owned by institutional investors.

Cavco Industries Trading Up 1.1 %

CVCO stock traded up $4.23 during trading on Monday, hitting $381.53. 24,687 shares of the stock traded hands, compared to its average volume of 61,638. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 19.36 and a beta of 1.16. Cavco Industries, Inc. has a one year low of $233.84 and a one year high of $400.99. The company has a 50 day simple moving average of $374.80 and a 200 day simple moving average of $335.16.

Cavco Industries (NASDAQ:CVCO) last announced its earnings results on Friday, February 2nd. The construction company reported $4.27 EPS for the quarter, missing the consensus estimate of $4.36 by ($0.09). Cavco Industries had a return on equity of 17.00% and a net margin of 9.25%. The business had revenue of $446.77 million during the quarter, compared to analyst estimates of $428.40 million. During the same period in the previous year, the firm earned $6.66 earnings per share. As a group, analysts predict that Cavco Industries, Inc. will post 19.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Cavco Industries

In other news, CAO Paul Bigbee sold 262 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $367.13, for a total transaction of $96,188.06. Following the sale, the chief accounting officer now owns 766 shares in the company, valued at $281,221.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Cavco Industries news, CAO Paul Bigbee sold 262 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $367.13, for a total value of $96,188.06. Following the completion of the transaction, the chief accounting officer now directly owns 766 shares of the company’s stock, valued at $281,221.58. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Matthew A. Nino sold 2,357 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $360.00, for a total transaction of $848,520.00. Following the sale, the insider now directly owns 1,248 shares in the company, valued at $449,280. The disclosure for this sale can be found here. Corporate insiders own 1.73% of the company’s stock.

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.