5 Undervalued Stocks to Buy According to Billionaire Mario Gabelli

3. Cavco Industries, Inc. (NASDAQ:CVCO)

Number of Hedge Fund Holders: 25

PE Ratio: 14.31   

Cavco Industries, Inc. (NASDAQ:CVCO) makes and sells manufactured homes. Hedge funds have been loading up on the stock. At the end of the fourth quarter of 2021, 25 hedge funds in the database of Insider Monkey held stakes worth $256 million in Cavco Industries, Inc. (NASDAQ:CVCO), compared to 20 the preceding quarter worth $208 million.

Regulatory filings show that GAMCO Investors owned 231,155 shares of Cavco Industries, Inc. (NASDAQ:CVCO) at the end of December 2021 worth $73 million, representing 0.62% of the portfolio.