Anchor Capital Advisors LLC Purchases 709 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Anchor Capital Advisors LLC lifted its holdings in Cavco Industries, Inc. (NASDAQ:CVCO) by 16.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,919 shares of the construction company’s stock after buying an additional 709 shares during the period. Anchor Capital Advisors LLC’s holdings in Cavco Industries were worth $1,705,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Group One Trading L.P. bought a new stake in Cavco Industries in the 3rd quarter valued at about $26,000. Headinvest LLC acquired a new stake in Cavco Industries in the 3rd quarter valued at $26,000. GAMMA Investing LLC acquired a new position in shares of Cavco Industries during the fourth quarter valued at about $77,000. Simplex Trading LLC acquired a new stake in shares of Cavco Industries in the 4th quarter worth about $140,000. Finally, Quantbot Technologies LP bought a new position in Cavco Industries in the 3rd quarter valued at about $164,000. 95.56% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cavco Industries

In other Cavco Industries news, CAO Paul Bigbee sold 262 shares of Cavco Industries stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $367.13, for a total transaction of $96,188.06. Following the transaction, the chief accounting officer now owns 766 shares of the company’s stock, valued at approximately $281,221.58. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CAO Paul Bigbee sold 262 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $367.13, for a total transaction of $96,188.06. Following the completion of the sale, the chief accounting officer now directly owns 766 shares of the company’s stock, valued at approximately $281,221.58. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Matthew A. Nino sold 2,357 shares of Cavco Industries stock in a transaction on Friday, February 9th. The stock was sold at an average price of $360.00, for a total value of $848,520.00. Following the sale, the insider now owns 1,248 shares in the company, valued at $449,280. The disclosure for this sale can be found here. 1.73% of the stock is owned by insiders.

Cavco Industries Stock Performance

CVCO traded down $3.89 during midday trading on Tuesday, reaching $370.58. 1,029 shares of the company were exchanged, compared to its average volume of 61,874. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 19.00 and a beta of 1.15. Cavco Industries, Inc. has a one year low of $233.84 and a one year high of $400.99. The company’s fifty day moving average price is $374.24 and its 200 day moving average price is $331.34.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings results on Friday, February 2nd. The construction company reported $4.27 EPS for the quarter, missing analysts’ consensus estimates of $4.36 by ($0.09). Cavco Industries had a net margin of 9.25% and a return on equity of 17.00%. The company had revenue of $446.77 million during the quarter, compared to analysts’ expectations of $428.40 million. During the same period in the previous year, the company posted $6.66 earnings per share. As a group, sell-side analysts anticipate that Cavco Industries, Inc. will post 19.46 earnings per share for the current fiscal year.

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.