Proficio Capital Partners LLC Makes New $5.38 Million Investment in Cavco Industries, Inc. (NASDAQ:CVCO)

Proficio Capital Partners LLC purchased a new position in Cavco Industries, Inc. (NASDAQ:CVCO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,048 shares of the construction company’s stock, valued at approximately $5,376,000.

Other large investors have also modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in Cavco Industries by 390.5% in the third quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company’s stock valued at $44,000 after purchasing an additional 82 shares during the period. Avior Wealth Management LLC acquired a new stake in Cavco Industries in the 3rd quarter valued at about $64,000. Blue Trust Inc. boosted its stake in shares of Cavco Industries by 28.9% in the 4th quarter. Blue Trust Inc. now owns 245 shares of the construction company’s stock valued at $105,000 after buying an additional 55 shares during the period. GAMMA Investing LLC grew its position in shares of Cavco Industries by 15.2% during the fourth quarter. GAMMA Investing LLC now owns 318 shares of the construction company’s stock worth $142,000 after buying an additional 42 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of Cavco Industries by 35.2% during the fourth quarter. KBC Group NV now owns 330 shares of the construction company’s stock worth $147,000 after buying an additional 86 shares during the period. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Insider Buying and Selling at Cavco Industries

In related news, insider Matthew A. Nino sold 894 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $529.03, for a total value of $472,952.82. Following the completion of the sale, the insider now directly owns 771 shares of the company’s stock, valued at $407,882.13. This represents a 53.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Julia Sze sold 125 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $503.31, for a total transaction of $62,913.75. Following the transaction, the director now directly owns 2,736 shares in the company, valued at $1,377,056.16. The trade was a 4.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,519 shares of company stock worth $2,806,172 over the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Cavco Industries Stock Down 1.2 %

Shares of CVCO opened at $518.42 on Tuesday. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 25.51 and a beta of 1.35. Cavco Industries, Inc. has a 52-week low of $331.08 and a 52-week high of $544.08. The stock has a 50 day moving average price of $488.39 and a 200 day moving average price of $459.64.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings data on Thursday, January 30th. The construction company reported $6.90 earnings per share for the quarter, topping the consensus estimate of $4.89 by $2.01. Cavco Industries had a net margin of 8.75% and a return on equity of 16.17%. On average, equities analysts anticipate that Cavco Industries, Inc. will post 21.93 EPS for the current fiscal year.

Analyst Ratings Changes

CVCO has been the subject of a number of recent research reports. StockNews.com upgraded shares of Cavco Industries from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Wedbush reaffirmed a “neutral” rating and set a $550.00 price objective (up from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd. Finally, Craig Hallum increased their target price on Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a report on Monday, November 4th.

Cavco Industries Company 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.