MHProNews has learned from sussexpilot that Robotti Robert sold 6,025 shares of Cavco Industries, Inc. (CVCO), according to the most recent filing, and now holds 180,427 shares valued at $16.2 million. Cavco now comprises 6.77 percent of Robotti’s portfolio.

Other hedge funds reported trading in Cavco stock include Parametric Portfolio Associates which added the producer of manufactured and modular homes and buildings to its portfolio by purchasing 4,904 shares valued at $441,415.

Geode Capital Management added 931 shares to its portfolio and its stake in Cavco has grown to 55,907 shares with a value of $5 million, while Convergence Investment Partners purchased 11,330 shares of Cavco and now has an investment worth $1 million.

Zelman Capital added Cavco to its portfolio by acquiring 4,058 shares of the company valued at $365,017.

Sidoti initiated a “Buy” order Feb. 12, 2016 on Cavco with a price target of $116. ##

(Image credit: Cavco Industries, Inc.–lapsided manufactured home)

Article submitted by Matthew J. Silver to Daily Business News-MHProNews.