CastleKnight Management LP Boosts Stock Position in Legacy Housing Co. (NASDAQ:LEGH)

CastleKnight Management LP lifted its holdings in Legacy Housing Co. (NASDAQ:LEGH - Free Report) by 48.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 53,300 shares of the company's stock after purchasing an additional 17,500 shares during the period. CastleKnight Management LP owned about 0.22% of Legacy Housing worth $1,315,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Aquatic Capital Management LLC bought a new stake in shares of Legacy Housing during the 4th quarter valued at $33,000. KLP Kapitalforvaltning AS bought a new stake in Legacy Housing during the fourth quarter valued at about $49,000. JPMorgan Chase & Co. increased its position in Legacy Housing by 11.1% in the third quarter. JPMorgan Chase & Co. now owns 5,423 shares of the company's stock worth $148,000 after buying an additional 543 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Legacy Housing by 22.2% in the fourth quarter. Wells Fargo & Company MN now owns 6,581 shares of the company's stock worth $162,000 after buying an additional 1,195 shares during the period. Finally, MetLife Investment Management LLC lifted its position in shares of Legacy Housing by 18.5% during the 4th quarter. MetLife Investment Management LLC now owns 6,924 shares of the company's stock valued at $171,000 after buying an additional 1,081 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company's stock.

Legacy Housing Trading Down 1.9 %

Legacy Housing stock traded down $0.47 during midday trading on Friday, hitting $24.85. The stock had a trading volume of 40,200 shares, compared to its average volume of 67,957. Legacy Housing Co. has a 52-week low of $21.67 and a 52-week high of $29.31. The company has a market capitalization of $599.61 million, a PE ratio of 11.45 and a beta of 0.98. The firm's fifty day moving average is $24.78 and its two-hundred day moving average is $25.24.

Legacy Housing (NASDAQ:LEGH - Get Free Report) last issued its earnings results on Wednesday, March 12th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.07. The company had revenue of $54.19 million during the quarter, compared to the consensus estimate of $44.59 million. Legacy Housing had a net margin of 33.11% and a return on equity of 11.85%.

Legacy Housing Profile

Legacy Housing Corporation engages in the building, sale, and financing of manufactured homes and tiny houses primarily in the southern United States. It manufactures and provides for the transport of mobile homes, including 1 to 5 bedrooms with 1 to 3 1/2 bathrooms; and provides wholesale financing to dealers and mobile home parks, as well as retail financing to consumers.