Hedge Funds Hungry for Cavco; Stock has Doubled in 2.5 Years

Cavco-Wedge  cabin  rvdailyreport comAccording to its most recent 13F filing with the Securities and Exchange Commission (SEC), Capital World Investors owned 204,000 shares of manufactured and modular builder Cavco Industries, Inc. (NYSE:CVCO), as of Q4 2015 with a value of $16,995,000, according to financialmarketnews.

Another hedge fund, Numeric Investors LLC purchased 208,879 shares of Cavco during Q4 2015, increasing its stake by 118 percent as it now owns 385,848 shares valued at $32,145,000.

Dimensional Fund Advisers LP bought an additional 25,919 shares of Cavco during the fourth quarter of last year and now owns 366,796 shares with a value of $30.558,000.

Ameriprise Financial, Inc. now owns 161,262 shares of Cavco valued at $13,435,000 after adding 38,022 shares to its portfolio during the last quarter of 2015.

Cavco closed yesterday, April 5, 2016 at $90.25. The stock has climbed steadily over the years. According to the daily MHProNews stock report, on Oct. 19, 2012 the stock closed at $46.72. One year later on Oct. 29 Cavco ended the session at $61.62. On Oct. 30, 2014, Cavco closed at $72.74. ##

(Photo credit: rvdailyeport-Cavco wedge cabin)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

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