Company shares last traded at $154.00 a tad higher than the 50 day moving average which is $144.93 and quite a bit higher than the 200 day moving average of $129.64. The 50 day moving average was up by +6.26% and the 200 day average moved up $24.36. (NASDAQ:CVCO) shares saw light trading volume with 149 shares changing hands in the last trading session. Volume was down 99.70% under the stocks average daily volume.
Traders are feeling more bullish on shares of the company recently as indicated by the fall in short interest. The stock experienced a fall in short interest between September 15, 2017 and September 29, 2017 of -21.06%. Short shares decreased 23,203 over that timeframe. With short interest at 86,998 and short average daily volume at 48,701, the short-interest ratio is 2.0 and the percentage of shorted shares is 0.01% as of September 29.
There has been some selling insider activity on Cavco Industries, Inc. (NASDAQ:CVCO) recently. David A. Greenblatt, Director disclosed the sale of 3,000 shares. The shares were sold on September 20th for an average price of $136.68. Greenblatt now owns $1,280,555 of the stock according to the SEC filing.
These firms have modified their investment in CVCO. Gw&k Investment Management, LLC reduced its position by selling 14 shares a decrease of 0.0% as of 09/30/2017. Gw&k Investment Management, LLC now holds 138,102 shares worth $20,377,000. The value of the position overall is up by 13.8%. State of Alaska, Department of Revenue bolstered its stake by buying 20 shares an increase of 1.2%. State of Alaska, Department of Revenue controls 1,682 shares valued at $248,000. The total value of its holdings increased 15.3%.
Advisory Services Network, LLC grew its ownership by buying 300 shares an increase of 1,304.3% from 06/30/2017 to 09/30/2017. Advisory Services Network, LLC owns 323 shares with a value of $48,000. The value of the position overall is up by 1,500.0%. Meeder Asset Management Inc divested its holdings by selling 33 shares a decrease of 58.9% in the quarter. Meeder Asset Management Inc now controls 23 shares valued at $3,000. The total value of its holdings decreased 57.1%.
Cavco Industries, Inc. currently has a P/E ratio of 31.76 and market cap is 1.39B. In the latest earnings report the EPS was $4.85 and is estimated to be $4.48 for the current year with 9,019,000 shares outstanding. Next quarter’s EPS is estimated at $1.22 and the next full year EPS is anticipated to be $5.68.
Cavco Industries, Inc., launched on January 14, 2003, designs and produces factory-built homes. The Company operates through two segments: factory-built housing, which includes wholesale and retail systems-built housing operations, and financial services, which includes manufactured housing consumer finance and insurance. The Business’s factory-built homes are primarily distributed through a network of independent and the Company-owned retailers, planned community operators and residential developers. The Company markets its products under the brands, including Cavco Homes, Fleetwood Homes, Palm Harbor Homes, Fairmont Homes and Chariot Eagle. The Company is also a builder of park model recreational vehicle (RVs), vacation cabins and systems-built commercial structures, as well as modular homes built primarily under the Nationwide Homes brand..