Cavco Industries, Inc. (NASDAQ:CVCO) Holdings Decreased by Barclays PLC

Barclays PLC trimmed its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 26.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,532 shares of the construction company’s stock after selling 4,818 shares during the period. Barclays PLC owned approximately 0.15% of Cavco Industries worth $2,599,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in CVCO. Mason Street Advisors LLC lifted its position in shares of Cavco Industries by 1.9% in the third quarter. Mason Street Advisors LLC now owns 2,909 shares of the construction company’s stock worth $559,000 after buying an additional 54 shares during the last quarter. Penserra Capital Management LLC grew its stake in Cavco Industries by 25.0% in the 3rd quarter. Penserra Capital Management LLC now owns 310 shares of the construction company’s stock valued at $59,000 after buying an additional 62 shares during the last quarter. Arizona State Retirement System raised its holdings in Cavco Industries by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 13,266 shares of the construction company’s stock worth $2,090,000 after acquiring an additional 73 shares during the period. Stanley Laman Group Ltd. raised its holdings in Cavco Industries by 1.9% in the 2nd quarter. Stanley Laman Group Ltd. now owns 4,455 shares of the construction company’s stock worth $702,000 after acquiring an additional 82 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in Cavco Industries by 13.4% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 719 shares of the construction company’s stock worth $113,000 after acquiring an additional 85 shares during the last quarter. 92.96% of the stock is owned by hedge funds and other institutional investors.

Separately, BidaskClub lowered Cavco Industries from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st.

NASDAQ CVCO opened at $199.00 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.87 and a quick ratio of 2.19. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 24.82 and a beta of 1.58. The company’s fifty day moving average is $196.73 and its two-hundred day moving average is $176.19. Cavco Industries, Inc. has a 52-week low of $112.00 and a 52-week high of $210.00.

Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $2.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.09. The company had revenue of $268.70 million for the quarter, compared to analyst estimates of $267.37 million. Cavco Industries had a return on equity of 13.79% and a net margin of 7.50%. Cavco Industries’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.67 EPS.

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

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