Teton Advisors Inc. Sells 11,140 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Teton Advisors Inc. reduced its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 76.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,400 shares of the construction company’s stock after selling 11,140 shares during the period. Teton Advisors Inc.’s holdings in Cavco Industries were worth $1,179,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. American Century Companies Inc. boosted its holdings in shares of Cavco Industries by 18.0% in the 3rd quarter. American Century Companies Inc. now owns 208,156 shares of the construction company’s stock valued at $55,299,000 after buying an additional 31,707 shares during the last quarter. Cannell Capital LLC boosted its holdings in shares of Cavco Industries by 4.9% in the 3rd quarter. Cannell Capital LLC now owns 66,416 shares of the construction company’s stock valued at $17,644,000 after buying an additional 3,084 shares during the last quarter. Cerity Partners LLC acquired a new stake in shares of Cavco Industries in the 4th quarter valued at approximately $6,085,000. Roundview Capital LLC acquired a new stake in shares of Cavco Industries in the 3rd quarter valued at approximately $656,000. Finally, Boston Trust Walden Corp boosted its holdings in shares of Cavco Industries by 16.0% in the 4th quarter. Boston Trust Walden Corp now owns 195,904 shares of the construction company’s stock valued at $67,904,000 after buying an additional 27,087 shares during the last quarter. 95.56% of the stock is owned by institutional investors.

Cavco Industries Stock Up 1.9 %

Shares of NASDAQ CVCO traded up $7.02 during trading hours on Thursday, hitting $372.02. The company had a trading volume of 58,189 shares, compared to its average volume of 62,252. The stock has a market capitalization of $3.11 billion, a P/E ratio of 18.52 and a beta of 1.16. Cavco Industries, Inc. has a 1-year low of $233.84 and a 1-year high of $400.99. The firm’s 50 day moving average is $374.17 and its 200-day moving average is $332.29.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings data on Friday, February 2nd. The construction company reported $4.27 EPS for the quarter, missing the consensus estimate of $4.36 by ($0.09). The company had revenue of $446.77 million during the quarter, compared to analyst estimates of $428.40 million. Cavco Industries had a net margin of 9.25% and a return on equity of 17.00%. During the same period in the previous year, the company posted $6.66 EPS. On average, sell-side analysts predict that Cavco Industries, Inc. will post 19.46 earnings per share for the current year.

Insider Buying and Selling at Cavco Industries

In other Cavco Industries news, insider Matthew A. Nino sold 2,357 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $360.00, for a total transaction of $848,520.00. Following the completion of the sale, the insider now owns 1,248 shares of the company’s stock, valued at approximately $449,280. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Cavco Industries news, insider Matthew A. Nino sold 2,357 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $360.00, for a total transaction of $848,520.00. Following the completion of the sale, the insider now owns 1,248 shares of the company’s stock, valued at approximately $449,280. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Paul Bigbee sold 262 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $367.13, for a total value of $96,188.06. Following the sale, the chief accounting officer now directly owns 766 shares of the company’s stock, valued at approximately $281,221.58. The disclosure for this sale can be found here. Insiders own 1.73% of the company’s stock.

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.