Penserra Capital Management LLC Buys 384 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Penserra Capital Management LLC lifted its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 24.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,984 shares of the construction company’s stock after purchasing an additional 384 shares during the period. Penserra Capital Management LLC’s holdings in Cavco Industries were worth $447,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Cavco Industries by 3.7% during the 4th quarter. BlackRock Inc. now owns 1,417,105 shares of the construction company’s stock worth $248,630,000 after acquiring an additional 49,907 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Cavco Industries by 4.9% during the 4th quarter. Royce & Associates LP now owns 74,856 shares of the construction company’s stock worth $13,133,000 after acquiring an additional 3,500 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Cavco Industries by 71.5% during the 4th quarter. ProShare Advisors LLC now owns 2,195 shares of the construction company’s stock worth $385,000 after acquiring an additional 915 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Cavco Industries by 2.9% during the 4th quarter. Bank of New York Mellon Corp now owns 163,037 shares of the construction company’s stock worth $28,605,000 after acquiring an additional 4,555 shares during the last quarter. Finally, Duality Advisers LP increased its holdings in shares of Cavco Industries by 4.0% during the 4th quarter. Duality Advisers LP now owns 1,487 shares of the construction company’s stock worth $261,000 after acquiring an additional 57 shares during the last quarter. Institutional investors own 91.25% of the company’s stock.

Shares of NASDAQ CVCO opened at $220.17 on Friday. The company has a current ratio of 2.75, a quick ratio of 2.20 and a debt-to-equity ratio of 0.02. The firm has a fifty day moving average price of $215.42. Cavco Industries, Inc. has a one year low of $162.88 and a one year high of $242.06. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 26.43 and a beta of 1.13.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings data on Tuesday, May 25th. The construction company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.79. Cavco Industries had a return on equity of 11.75% and a net margin of 6.92%. The firm had revenue of $306.50 million for the quarter, compared to analyst estimates of $306.60 million. As a group, research analysts expect that Cavco Industries, Inc. will post 9.31 EPS for the current year.

Separately, Zacks Investment Research lowered Cavco Industries from a “buy” rating to a “hold” rating in a report on Monday.

Cavco Industries 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, 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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