GSA Capital Partners LLP Grows Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

GSA Capital Partners LLP grew its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 90.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,404 shares of the construction company’s stock after buying an additional 1,616 shares during the quarter. GSA Capital Partners LLP’s holdings in Cavco Industries were worth $1,458,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CVCO. Blue Trust Inc. raised its position in Cavco Industries by 9,900.0% during the second quarter. Blue Trust Inc. now owns 100 shares of the construction company’s stock valued at $35,000 after purchasing an additional 99 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Cavco Industries by 390.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company’s stock valued at $44,000 after purchasing an additional 82 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Cavco Industries by 30.2% during the 3rd quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock valued at $118,000 after buying an additional 64 shares in the last quarter. nVerses Capital LLC bought a new stake in Cavco Industries in the 2nd quarter worth approximately $138,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in Cavco Industries in the third quarter worth approximately $208,000. 95.56% of the stock is owned by institutional investors.

Cavco Industries Stock Performance

Shares of CVCO stock opened at $466.18 on Thursday. Cavco Industries, Inc. has a fifty-two week low of $264.88 and a fifty-two week high of $484.80. The company has a market capitalization of $3.78 billion, a P/E ratio of 26.35 and a beta of 1.24. The stock has a 50 day moving average price of $429.37 and a two-hundred day moving average price of $392.20.

Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings results on Thursday, October 31st. The construction company reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.58. Cavco Industries had a net margin of 8.00% and a return on equity of 14.38%. The business had revenue of $507.46 million during the quarter, compared to analysts’ expectations of $480.10 million. During the same quarter in the prior year, the company posted $4.76 EPS. As a group, equities analysts predict that Cavco Industries, Inc. will post 18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CVCO shares. StockNews.com raised shares of Cavco Industries from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Wedbush lifted their target price on shares of Cavco Industries from $425.00 to $455.00 and gave the stock an “outperform” rating in a research report on Friday, October 11th. Finally, Craig Hallum upped their price target on shares of Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a research report on Monday, November 4th.

Insider Buying and Selling

In other Cavco Industries news, Director Julia Sze sold 125 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $458.68, for a total value of $57,335.00. Following the completion of the sale, the director now owns 2,861 shares in the company, valued at approximately $1,312,283.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CAO Paul Bigbee sold 88 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $401.40, for a total transaction of $35,323.20. Following the transaction, the chief accounting officer now owns 1,081 shares in the company, valued at $433,913.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Julia Sze sold 125 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $458.68, for a total transaction of $57,335.00. Following the completion of the transaction, the director now directly owns 2,861 shares of the company’s stock, valued at approximately $1,312,283.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,213 shares of company stock valued at $1,729,458 over the last ninety days. 1.60% of the stock is owned by insiders.

About Cavco Industries

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.