Great West Life Assurance Co. Can Decreases Stake in Cavco Industries, Inc. (NASDAQ:CVCO)

Great West Life Assurance Co. Can lessened its position in Cavco Industries, Inc. (NASDAQ:CVCO) by 4.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,156 shares of the construction company’s stock after selling 519 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Cavco Industries were worth $1,309,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisor Group Inc. lifted its position in shares of Cavco Industries by 8.6% in the fourth quarter. Advisor Group Inc. now owns 962 shares of the construction company’s stock valued at $126,000 after acquiring an additional 76 shares in the last quarter. Mason Street Advisors LLC lifted its position in Cavco Industries by 3.4% during the first quarter. Mason Street Advisors LLC now owns 2,747 shares of the construction company’s stock worth $323,000 after buying an additional 91 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in Cavco Industries by 2.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 4,851 shares of the construction company’s stock worth $570,000 after buying an additional 102 shares in the last quarter. Brinker Capital Inc. lifted its position in Cavco Industries by 1.8% during the fourth quarter. Brinker Capital Inc. now owns 5,790 shares of the construction company’s stock worth $755,000 after buying an additional 105 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in Cavco Industries by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 5,958 shares of the construction company’s stock worth $777,000 after buying an additional 131 shares in the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.

CVCO has been the topic of a number of analyst reports. BidaskClub upgraded Cavco Industries from a “sell” rating to a “hold” rating in a research report on Monday. Craig Hallum reiterated a “hold” rating and set a $153.00 price objective (up previously from $128.00) on shares of Cavco Industries in a research report on Tuesday, May 28th.

Shares of Cavco Industries stock opened at $152.01 on Thursday. Cavco Industries, Inc. has a one year low of $112.00 and a one year high of $261.80. The company has a market cap of $1.39 billion, a P/E ratio of 20.71 and a beta of 1.66. The company has a current ratio of 2.66, a quick ratio of 1.99 and a debt-to-equity ratio of 0.03.

Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings data on Thursday, May 23rd. The construction company reported $2.17 EPS for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.64. Cavco Industries had a return on equity of 13.66% and a net margin of 7.13%. The firm had revenue of $241.10 million for the quarter, compared to the consensus estimate of $226.96 million. During the same quarter last year, the business posted $2.40 earnings per share. The firm’s revenue was down .6% compared to the same quarter last year.

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About Cavco Industries

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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