SG Capital Management LLC Has $5.70 Million Position in Cavco Industries, Inc. (CVCO)
SG Capital Management LLC increased its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 25.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,511 shares of the construction company’s stock after purchasing an additional 4,510 shares during the period. Cavco Industries makes up approximately 1.4% of SG Capital Management LLC’s investment portfolio, making the stock its 22nd largest holding. SG Capital Management LLC owned about 0.25% of Cavco Industries worth $5,695,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in CVCO. Acadian Asset Management LLC grew its stake in shares of Cavco Industries by 174.8% during the second quarter. Acadian Asset Management LLC now owns 599 shares of the construction company’s stock worth $124,000 after purchasing an additional 381 shares during the period. Fiera Capital Corp acquired a new stake in shares of Cavco Industries during the second quarter worth $208,000. Profund Advisors LLC acquired a new stake in shares of Cavco Industries during the first quarter worth $213,000. Amalgamated Bank acquired a new stake in shares of Cavco Industries during the first quarter worth $215,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Cavco Industries during the second quarter worth $216,000. 91.46% of the stock is owned by institutional investors and hedge funds.
NASDAQ:CVCO traded up $0.55 on Friday, reaching $210.57. The company’s stock had a trading volume of 3,194 shares, compared to its average volume of 66,670. Cavco Industries, Inc. has a 1-year low of $139.50 and a 1-year high of $261.80. The company has a current ratio of 2.44, a quick ratio of 1.82 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 30.90 and a beta of 1.47.
A number of brokerages recently commented on CVCO. BidaskClub raised Cavco Industries from a “hold” rating to a “buy” rating in a research note on Saturday, August 18th. Craig Hallum set a $230.00 target price on Cavco Industries and gave the company a “hold” rating in a research note on Wednesday, August 8th.
In other Cavco Industries news, insider Charles E. Lott sold 2,000 shares of the business’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $244.60, for a total value of $489,200.00. Following the completion of the transaction, the insider now directly owns 4,505 shares of the company’s stock, valued at $1,101,923. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Joseph H. Stegmayer sold 11,740 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $240.44, for a total value of $2,822,765.60. Following the completion of the transaction, the chief executive officer now directly owns 522,739 shares of the company’s stock, valued at $125,687,365.16. The disclosure for this sale can be found here. 8.46% of the stock is currently owned by insiders.
Cavco Industries Profile
Cavco Industries, Inc designs, produces, and retails manufactured homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its manufactured homes under the Cavco Homes, Fleetwood Homes, Palm Harbor Homes, Fairmont Homes, Friendship Homes, Chariot Eagle, and Lexington Home brands.
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