Balyasny Asset Management L.P. Has $367,000 Position in Cavco Industries, Inc. (NASDAQ:CVCO)

Balyasny Asset Management L.P. reduced its holdings in Cavco Industries, Inc. (NASDAQ:CVCO) by 94.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 822 shares of the construction company’s stock after selling 14,279 shares during the period. Balyasny Asset Management L.P.’s holdings in Cavco Industries were worth $367,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC grew its position in shares of Cavco Industries by 118.8% in the 4th quarter. FMR LLC now owns 296,343 shares of the construction company’s stock valued at $132,237,000 after acquiring an additional 160,899 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Cavco Industries in the 4th quarter valued at about $5,376,000. Charles Schwab Investment Management Inc. grew its position in shares of Cavco Industries by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 110,977 shares of the construction company’s stock valued at $49,521,000 after acquiring an additional 1,524 shares during the period. New Age Alpha Advisors LLC bought a new position in shares of Cavco Industries in the 4th quarter valued at about $215,000. Finally, Commonwealth Equity Services LLC bought a new position in shares of Cavco Industries in the 4th quarter valued at about $308,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. StockNews.com downgraded shares of Cavco Industries from a “buy” rating to a “hold” rating in a research report on Thursday. Wedbush reissued a “neutral” rating and issued a $550.00 price objective (up previously from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd.

Cavco Industries Stock Performance

Shares of CVCO stock opened at $528.01 on Friday. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 25.98 and a beta of 1.29. The company has a 50-day simple moving average of $500.63 and a 200 day simple moving average of $491.53. Cavco Industries, Inc. has a 52 week low of $331.08 and a 52 week high of $549.99.

Insider Buying and Selling

In related news, Director David A. Greenblatt sold 4,000 shares of Cavco Industries stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $528.88, for a total transaction of $2,115,520.00. Following the completion of the sale, the director now owns 15,286 shares of the company’s stock, valued at approximately $8,084,459.68. The trade was a 20.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.60% of the stock is currently owned by insiders.

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.