Cadence Capital Management LLC lessened its holdings in Cavco Industries, Inc. (NASDAQ:CVCO) by 35.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 10,209 shares of the construction company’s stock after selling 5,566 shares during the period. Cadence Capital Management LLC’s holdings in Cavco Industries were worth $1,558,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Commonwealth Equity Services Inc bought a new stake in shares of Cavco Industries in the third quarter valued at about $218,000. Victory Capital Management Inc. boosted its position in shares of Cavco Industries by 36.9% in the fourth quarter. Victory Capital Management Inc. now owns 1,706 shares of the construction company’s stock valued at $260,000 after acquiring an additional 460 shares during the period. Piedmont Investment Advisors LLC bought a new stake in shares of Cavco Industries in the second quarter valued at about $237,000. Crossmark Global Holdings Inc. bought a new stake in shares of Cavco Industries in the third quarter valued at about $273,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Cavco Industries in the second quarter valued at about $271,000. 91.82% of the stock is owned by institutional investors.

In related news, Director William C. Boor sold 3,000 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $143.62, for a total transaction of $430,860.00. Following the completion of the sale, the director now owns 6,397 shares of the company’s stock, valued at $918,737.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven G. Bunger sold 4,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $146.50, for a total transaction of $586,000.00. Following the sale, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $586,000. The disclosure for this sale can be found here. Insiders have sold 9,464 shares of company stock valued at $1,381,433 in the last ninety days. 8.44% of the stock is currently owned by company insiders.

Shares of Cavco Industries, Inc. (CVCO) opened at $159.40 on Friday. The stock has a market cap of $1,440.00, a PE ratio of 29.14 and a beta of 1.55. Cavco Industries, Inc. has a 52-week low of $107.05 and a 52-week high of $170.60. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.57 and a quick ratio of 1.66.

Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings data on Tuesday, February 6th. The construction company reported $2.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $1.09. Cavco Industries had a net margin of 6.08% and a return on equity of 10.84%. The business had revenue of $221.40 million during the quarter, compared to analysts’ expectations of $213.87 million. During the same quarter in the prior year, the business posted $1.35 earnings per share. Cavco Industries’s revenue was up 9.4% compared to the same quarter last year.

Separately, BidaskClub cut shares of Cavco Industries from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th.

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Cavco Industries Company Profile

Cavco Industries, Inc designs and produces factory-built homes. The Company operates through two segments: factory-built housing, which includes wholesale and retail systems-built housing operations, and financial services, which includes manufactured housing consumer finance and insurance. Its factory-built homes are primarily distributed through a network of independent and the Company-owned retailers, planned community operators and residential developers.

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Institutional Ownership by Quarter for Cavco Industries (NASDAQ:CVCO)

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