Gabelli Funds LLC Has $35.16 Million Stock Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

Gabelli Funds LLC cut its position in shares of Cavco Industries, Inc. (NASDAQ:CVCOGet Rating) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 110,690 shares of the construction company’s stock after selling 1,820 shares during the period. Gabelli Funds LLC owned 1.21% of Cavco Industries worth $35,161,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CVCO. CWM LLC acquired a new position in Cavco Industries in the 4th quarter valued at about $35,000. USA Financial Portformulas Corp acquired a new position in Cavco Industries in the 4th quarter valued at about $83,000. Financial Management Professionals Inc. acquired a new position in Cavco Industries in the 4th quarter valued at about $84,000. CIBC Private Wealth Group LLC acquired a new position in Cavco Industries in the 4th quarter valued at about $203,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Cavco Industries in the 4th quarter valued at about $211,000. Institutional investors own 92.58% of the company’s stock.

Shares of Cavco Industries stock traded down $0.52 on Friday, reaching $225.55. 31,276 shares of the stock were exchanged, compared to its average volume of 47,178. The firm’s 50 day moving average is $245.48 and its 200-day moving average is $273.83. Cavco Industries, Inc. has a one year low of $205.00 and a one year high of $327.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.84 and a current ratio of 2.58. The firm has a market cap of $2.07 billion, a PE ratio of 12.35 and a beta of 0.98.

A number of analysts have issued reports on CVCO shares. Zacks Investment Research downgraded shares of Cavco Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, April 11th. Wedbush boosted their price objective on shares of Cavco Industries from $255.00 to $315.00 and gave the company a “neutral” rating in a report on Monday, February 7th. StockNews.com raised shares of Cavco Industries from a “hold” rating to a “buy” rating in a report on Thursday, May 12th. Finally, Craig Hallum cut their price objective on shares of Cavco Industries from $426.00 to $340.00 in a report on Monday, April 18th.

Cavco Industries Company Profile (Get Rating)

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, Fleetwood, Palm Harbor, Fairmont, Friendship, Chariot Eagle, and Destiny brands.

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

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