NumerixS Investment Technologies Inc Acquires Shares of 1,400 Cavco Industries, Inc. (NASDAQ:CVCO)

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NumerixS Investment Technologies Inc acquired a new position in Cavco Industries, Inc. (NASDAQ:CVCO) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 1,400 shares of the construction company’s stock, valued at approximately $164,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CVCO. Flinton Capital Management LLC bought a new stake in shares of Cavco Industries during the fourth quarter valued at approximately $48,000. Advisor Group Inc. raised its stake in shares of Cavco Industries by 8.6% during 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. BNP Paribas Arbitrage SA raised its stake in shares of Cavco Industries by 1,329.1% during the first quarter. BNP Paribas Arbitrage SA now owns 1,915 shares of the construction company’s stock valued at $225,000 after acquiring an additional 1,781 shares in the last quarter. Piedmont Investment Advisors Inc. raised its stake in shares of Cavco Industries by 6.4% during the first quarter. Piedmont Investment Advisors Inc. now owns 2,165 shares of the construction company’s stock valued at $254,000 after acquiring an additional 131 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of Cavco Industries during the fourth quarter valued at approximately $322,000. 92.11% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently weighed in on the stock. BidaskClub raised shares of Cavco Industries from a “strong sell” rating to a “sell” rating in a research note on Thursday, May 23rd. Craig Hallum reaffirmed a “hold” rating and set a $153.00 price target (up previously from $128.00) on shares of Cavco Industries in a research note on Tuesday, May 28th.

Shares of CVCO stock opened at $152.01 on Thursday. 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 debt-to-equity ratio of 0.03, a quick ratio of 1.99 and a current ratio of 2.66. Cavco Industries, Inc. has a 52-week low of $112.00 and a 52-week high of $261.80.

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

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Cavco Industries Company 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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Want to see what other hedge funds are holding CVCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cavco Industries, Inc. (NASDAQ:CVCO).

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

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