EntryPoint Capital LLC Lowers Stock Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

EntryPoint Capital LLC lessened its stake in Cavco Industries, Inc. (NASDAQ:CVCO) by 29.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 475 shares of the construction company’s stock after selling 195 shares during the period. EntryPoint Capital LLC’s holdings in Cavco Industries were worth $212,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CVCO. Harvest Fund Management Co. Ltd acquired a new position in shares of Cavco Industries in the fourth quarter valued at approximately $67,000. Smartleaf Asset Management LLC grew its position in Cavco Industries by 387.9% in the 4th 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. increased its stake in Cavco Industries by 28.9% in the 4th 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 period. GAMMA Investing LLC raised its position in Cavco Industries by 15.2% during the 4th quarter. GAMMA Investing LLC now owns 318 shares of the construction company’s stock worth $142,000 after buying an additional 42 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of Cavco Industries by 35.2% in the 4th quarter. KBC Group NV now owns 330 shares of the construction company’s stock worth $147,000 after acquiring an additional 86 shares during the period. 95.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CVCO. Wedbush reiterated a “neutral” rating and set a $550.00 price target (up from $480.00) on shares of Cavco Industries in a research note on Monday, February 3rd. StockNews.com upgraded Cavco Industries from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd.

Insider Activity

In related news, Director Susan L. Blount sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were 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. This represents a 20.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David A. Greenblatt sold 4,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $528.88, for a total value of $2,115,520.00. Following the completion of the transaction, the director now owns 15,286 shares of the company’s stock, valued at $8,084,459.68. This trade represents 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 worth $4,494,608 over the last three months. 1.60% of the stock is currently owned by corporate insiders.

Cavco Industries Stock Performance

Shares of NASDAQ CVCO opened at $513.96 on Friday. Cavco Industries, Inc. has a one year low of $331.08 and a one year high of $544.08. The company’s fifty day moving average is $513.92 and its two-hundred day moving average is $474.70. The firm has a market capitalization of $4.17 billion, a P/E ratio of 25.29 and a beta of 1.34.

Cavco Industries (NASDAQ:CVCO) last posted its earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share for the quarter, beating the consensus estimate of $4.89 by $2.01. Cavco Industries had a return on equity of 16.17% and a net margin of 8.75%. On average, sell-side analysts forecast that Cavco Industries, Inc. will post 21.93 earnings per share for the current fiscal year.

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.