Brasada Capital Management LP cut its stake in Cavco Industries, Inc. (NASDAQ:CVCO) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,297 shares of the construction company’s stock after selling 150 shares during the period. Brasada Capital Management LP’s holdings in Cavco Industries were worth $2,207,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Meeder Asset Management Inc. bought a new position in shares of Cavco Industries during the 3rd quarter worth approximately $34,000. Penserra Capital Management LLC boosted its holdings in shares of Cavco Industries by 25.0% during the 3rd quarter. Penserra Capital Management LLC now owns 310 shares of the construction company’s stock worth $59,000 after buying an additional 62 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Cavco Industries during the 3rd quarter worth approximately $96,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Cavco Industries by 13.4% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 719 shares of the construction company’s stock worth $113,000 after buying an additional 85 shares in the last quarter. Finally, Meadow Creek Investment Management LLC boosted its holdings in shares of Cavco Industries by 42.4% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 1,034 shares of the construction company’s stock worth $163,000 after buying an additional 308 shares in the last quarter. Institutional investors and hedge funds own 92.96% of the company’s stock.

Shares of Cavco Industries stock traded up $2.89 on Tuesday, reaching $208.03. 2,246 shares of the company’s stock were exchanged, compared to its average volume of 37,741. The company has a market capitalization of $1.85 billion, a P/E ratio of 25.11 and a beta of 1.56. Cavco Industries, Inc. has a 52 week low of $112.00 and a 52 week high of $210.00. The firm’s 50-day moving average is $198.56 and its two-hundred day moving average is $186.56. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.19 and a current ratio of 2.87.

Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.09. The firm had revenue of $268.70 million for the quarter, compared to analysts’ expectations of $267.37 million. Cavco Industries had a return on equity of 13.79% and a net margin of 7.50%. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.67 EPS.

Separately, BidaskClub cut Cavco Industries from a “hold” rating to a “sell” rating in a report on Tuesday, December 24th.

Cavco Industries Profile

Cavco Industries, Inc designs, produces, and retails manufactured homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its manufactured homes under the Cavco Homes, Fleetwood Homes, Palm Harbor Homes, Fairmont Homes, Friendship Homes, Chariot Eagle, and Lexington Home brands.

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Institutional Ownership by Quarter for Cavco Industries (NASDAQ:CVCO)

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