Aristides Capital LLC Cuts Stock Position in Cavco Industries, Inc. (NASDAQ:CVCO)

Aristides Capital LLC cut its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 29.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,120 shares of the construction company’s stock after selling 465 shares during the quarter. Aristides Capital LLC’s holdings in Cavco Industries were worth $500,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CVCO. Harvest Fund Management Co. Ltd purchased a new position in Cavco Industries in the 4th quarter worth approximately $67,000. Smartleaf Asset Management LLC raised its position in shares of Cavco Industries by 387.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the construction company’s stock valued at $72,000 after buying an additional 128 shares during the last quarter. Blue Trust Inc. raised its position in shares of Cavco Industries by 28.9% during the fourth quarter. Blue Trust Inc. now owns 245 shares of the construction company’s stock valued at $105,000 after buying an additional 55 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Cavco Industries by 15.2% in the fourth quarter. GAMMA Investing LLC now owns 318 shares of the construction company’s stock worth $142,000 after buying an additional 42 shares in the last quarter. Finally, KBC Group NV grew its stake in Cavco Industries by 35.2% during the fourth quarter. KBC Group NV now owns 330 shares of the construction company’s stock valued at $147,000 after acquiring an additional 86 shares in the last quarter. Institutional investors own 95.56% of the company’s stock.

Cavco Industries Stock Performance

CVCO stock opened at $488.94 on Friday. The firm has a fifty day moving average price of $517.10 and a 200 day moving average price of $477.73. Cavco Industries, Inc. has a fifty-two week low of $331.08 and a fifty-two week high of $544.08. The firm has a market cap of $3.96 billion, a PE ratio of 24.06 and a beta of 1.34.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings data on Thursday, January 30th. The construction company reported $6.90 EPS for the quarter, topping analysts’ consensus estimates of $4.89 by $2.01. Cavco Industries had a net margin of 8.75% and a return on equity of 16.17%. On average, equities analysts predict that Cavco Industries, Inc. will post 21.93 EPS for the current year.

Insiders Place Their Bets

In other news, Director Susan L. Blount sold 750 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $471.70, for a total transaction of $353,775.00. Following the transaction, the director now owns 2,836 shares of the company’s stock, valued at approximately $1,337,741.20. The trade was a 20.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David A. Greenblatt sold 4,000 shares of Cavco Industries stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $528.88, for a total transaction of $2,115,520.00. Following the transaction, the director now directly owns 15,286 shares of the company’s stock, valued at $8,084,459.68. The trade was a 20.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,644 shares of company stock valued at $4,494,608 over the last ninety days. 1.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Cavco Industries Company 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.