Wolverine Trading LLC Acquires Shares of 2,924 Cavco Industries, Inc. (CVCO)
Wolverine Trading LLC acquired a new position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) during the 4th quarter, Holdings Channel reports. The fund acquired 2,924 shares of the construction company’s stock, valued at approximately $446,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of CVCO. Goldman Sachs Group Inc. boosted its position in shares of Cavco Industries by 87.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 24,445 shares of the construction company’s stock valued at $3,730,000 after buying an additional 11,432 shares during the period. Stone Ridge Asset Management LLC purchased a new position in shares of Cavco Industries during the fourth quarter valued at approximately $233,000. Guggenheim Capital LLC purchased a new position in shares of Cavco Industries during the fourth quarter valued at approximately $2,279,000. Deutsche Bank AG boosted its position in shares of Cavco Industries by 235.8% during the fourth quarter. Deutsche Bank AG now owns 27,279 shares of the construction company’s stock valued at $4,160,000 after buying an additional 19,156 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of Cavco Industries by 1.7% during the fourth quarter. Renaissance Technologies LLC now owns 344,800 shares of the construction company’s stock valued at $52,616,000 after buying an additional 5,700 shares during the period. 93.74% of the stock is currently owned by institutional investors.
Separately, BidaskClub upgraded Cavco Industries from a “sell” rating to a “hold” rating in a report on Friday, December 22nd.
Shares of Cavco Industries, Inc. (NASDAQ CVCO) opened at $179.30 on Wednesday. The company has a quick ratio of 1.86, a current ratio of 2.57 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $1,594.98, a P/E ratio of 36.32 and a beta of 1.46. Cavco Industries, Inc. has a twelve month low of $107.05 and a twelve month high of $182.57.
Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings results on Tuesday, February 6th. The construction company reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $1.09. The firm had revenue of $221.40 million during the quarter, compared to analyst estimates of $213.87 million. Cavco Industries had a return on equity of 10.84% and a net margin of 6.08%. Cavco Industries’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.35 earnings per share.
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Cavco Industries Profile
Cavco Industries, Inc designs and produces factory-built homes. The Company operates through two segments: factory-built housing, which includes wholesale and retail systems-built housing operations, and financial services, which includes manufactured housing consumer finance and insurance. Its factory-built homes are primarily distributed through a network of independent and the Company-owned retailers, planned community operators and residential developers.
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