Allianz Asset Management GmbH Has $5.20 Million Stock Position in Cavco Industries, Inc. (NASDAQ:CVCO)

Allianz Asset Management GmbH increased its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCOFree Report) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,000 shares of the construction company’s stock after acquiring an additional 155 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.18% of Cavco Industries worth $5,199,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Group One Trading L.P. bought a new stake in Cavco Industries in the 3rd quarter valued at about $26,000. Headinvest LLC acquired a new position in shares of Cavco Industries during the third quarter worth approximately $26,000. GAMMA Investing LLC bought a new position in shares of Cavco Industries in the 4th quarter worth $77,000. Simplex Trading LLC acquired a new stake in Cavco Industries in the 4th quarter valued at $140,000. Finally, Quantbot Technologies LP bought a new stake in Cavco Industries during the 3rd quarter valued at $164,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cavco Industries Stock Up 2.9 %

Shares of NASDAQ:CVCO opened at $354.46 on Thursday. The business’s 50 day moving average is $368.81 and its 200 day moving average is $350.19. Cavco Industries, Inc. has a 12-month low of $233.84 and a 12-month high of $400.99. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 19.32 and a beta of 1.25.

Analyst Upgrades and Downgrades

Separately, Wedbush raised their price objective on shares of Cavco Industries from $380.00 to $425.00 and gave the company an “outperform” rating in a research note on Monday, May 20th.

Get Our Latest Stock Analysis on CVCO

Cavco Industries Company Profile

(Free Report)

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.

Further Reading

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

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