Janus Henderson Group PLC Acquires 66,120 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Janus Henderson Group PLC increased its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 1,030.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 72,534 shares of the construction company’s stock after buying an additional 66,120 shares during the quarter. Janus Henderson Group PLC owned 0.89% of Cavco Industries worth $32,371,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Captrust Financial Advisors grew its holdings in shares of Cavco Industries by 3.6% during the fourth quarter. Captrust Financial Advisors now owns 1,329 shares of the construction company’s stock worth $593,000 after buying an additional 46 shares in the last quarter. Ancora Advisors LLC grew its holdings in shares of Cavco Industries by 0.4% during the fourth quarter. Ancora Advisors LLC now owns 10,070 shares of the construction company’s stock worth $4,494,000 after buying an additional 40 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Cavco Industries by 84.3% during the fourth quarter. Jane Street Group LLC now owns 7,747 shares of the construction company’s stock worth $3,457,000 after buying an additional 3,544 shares in the last quarter. Freestone Grove Partners LP bought a new position in shares of Cavco Industries during the fourth quarter worth about $771,000. Finally, Lido Advisors LLC grew its holdings in shares of Cavco Industries by 33.6% during the fourth quarter. Lido Advisors LLC now owns 784 shares of the construction company’s stock worth $350,000 after buying an additional 197 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors.

Insider Activity at Cavco Industries

In other news, Director David A. Greenblatt sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $528.88, for a total value of $2,115,520.00. Following the completion of the sale, the director now directly 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 transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. StockNews.com upgraded Cavco Industries from a “hold” rating to a “buy” rating in a report on Friday, April 25th. Wedbush reissued a “neutral” rating and set a $550.00 price target (up from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd.

Cavco Industries Stock Performance

Shares of NASDAQ CVCO opened at $516.15 on Thursday. The stock has a 50 day moving average price of $499.95 and a 200 day moving average price of $490.04. Cavco Industries, Inc. has a 52 week low of $331.08 and a 52 week high of $549.99. The stock has a market capitalization of $4.18 billion, a PE ratio of 25.40 and a beta of 1.29.

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.