SG Americas Securities LLC Takes $479,000 Position in Cavco Industries, Inc. (CVCO)
SG Americas Securities LLC acquired a new position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,248 shares of the construction company’s stock, valued at approximately $479,000.
A number of other large investors also recently modified their holdings of the business. Robotti Robert boosted its stake in shares of Cavco Industries by 15.0% in the 2nd quarter. Robotti Robert now owns 172,723 shares of the construction company’s stock valued at $18,643,000 after purchasing an additional 22,563 shares during the last quarter. Capital Fund Management S.A. bought a new position in shares of Cavco Industries in the 2nd quarter valued at about $480,000. Texas Permanent School Fund boosted its stake in shares of Cavco Industries by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 6,172 shares of the construction company’s stock valued at $800,000 after purchasing an additional 51 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Cavco Industries by 129.8% in the 2nd quarter. Prudential Financial Inc. now owns 39,684 shares of the construction company’s stock valued at $5,145,000 after purchasing an additional 22,413 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Cavco Industries by 3.8% in the 2nd quarter. Vanguard Group Inc. now owns 458,778 shares of the construction company’s stock valued at $59,481,000 after purchasing an additional 16,893 shares during the last quarter. 91.79% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Jack Hanna sold 2,464 shares of Cavco Industries stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $147.96, for a total value of $364,573.44. Following the sale, the director now directly owns 2,281 shares in the company, valued at $337,496.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven G. Bunger sold 4,000 shares of Cavco Industries stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $146.50, for a total transaction of $586,000.00. Following the completion of the sale, the director now owns 4,000 shares in the company, valued at $586,000. The disclosure for this sale can be found here. Insiders sold 9,464 shares of company stock worth $1,360,613 over the last quarter. 8.44% of the stock is owned by corporate insiders.
Cavco Industries, Inc. (NASDAQ:CVCO) opened at $143.00 on Tuesday. Cavco Industries, Inc. has a one year low of $93.65 and a one year high of $157.80. The firm has a market cap of $1,321.19, a P/E ratio of 32.60 and a beta of 1.60. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.66 and a current ratio of 2.25.
Cavco Industries (NASDAQ:CVCO) last announced its earnings results on Tuesday, November 7th. The construction company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.13). The company had revenue of $200.50 million for the quarter, compared to analyst estimates of $190.87 million. Cavco Industries had a return on equity of 10.30% and a net margin of 5.09%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $1.04 earnings per share.
Several research analysts recently weighed in on CVCO shares. BidaskClub lowered shares of Cavco Industries from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Sidoti raised shares of Cavco Industries from a “neutral” rating to a “buy” rating in a research note on Friday, August 25th.
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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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