Aristides Capital LLC Sells 465 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Aristides Capital LLC trimmed its stake in Cavco Industries, Inc. (NASDAQ:CVCO) by 29.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,120 shares of the construction company’s stock after selling 465 shares during the quarter. Aristides Capital LLC’s holdings in Cavco Industries were worth $500,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Harvest Fund Management Co. Ltd bought a new position in Cavco Industries in the 4th quarter worth about $67,000. Smartleaf Asset Management LLC raised its holdings in Cavco Industries by 387.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the construction company’s stock worth $72,000 after acquiring an additional 128 shares during the last quarter. Blue Trust Inc. lifted its position in 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 acquiring an additional 55 shares in the last quarter. GAMMA Investing LLC boosted its stake in Cavco Industries by 15.2% during the 4th quarter. GAMMA Investing LLC now owns 318 shares of the construction company’s stock valued at $142,000 after purchasing an additional 42 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Cavco Industries by 35.2% in the 4th quarter. KBC Group NV now owns 330 shares of the construction company’s stock worth $147,000 after purchasing an additional 86 shares in the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Susan L. Blount sold 2,000 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $507.18, for a total value of $1,014,360.00. Following the completion of the sale, the director now directly owns 2,836 shares in the company, valued at $1,438,362.48. This represents a 41.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Matthew A. Nino sold 894 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 771 shares in the company, valued at approximately $407,882.13. This represents a 53.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,644 shares of company stock valued at $4,494,608 in the last quarter. 1.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

CVCO has been the topic of several recent analyst reports. 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. StockNews.com cut shares of Cavco Industries from a “buy” rating to a “hold” rating in a research note on Wednesday.

Cavco Industries Trading Up 0.5 %

NASDAQ:CVCO opened at $488.94 on Friday. The company has a 50 day simple moving average of $517.10 and a two-hundred day simple moving average of $477.73. The company has a market cap of $3.96 billion, a PE ratio of 24.06 and a beta of 1.34. Cavco Industries, Inc. has a 12 month low of $331.08 and a 12 month high of $544.08.

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

About Cavco Industries

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.