Philadelphia Financial Management of San Francisco LLC bought a new stake in Legacy Housing Corporation (NASDAQ:LEGH - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 454,425 shares of the company's stock, valued at approximately $11,937,745,000. Legacy Housing accounts for 2.4% of Philadelphia Financial Management of San Francisco LLC's holdings, making the stock its 8th largest position. Philadelphia Financial Management of San Francisco LLC owned approximately 1.91% of Legacy Housing at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Legacy Housing during the 2nd quarter valued at about $16,714,000. Rock Creek Group LP boosted its holdings in shares of Legacy Housing by 620.6% during the 4th quarter. Rock Creek Group LP now owns 250,000 shares of the company's stock worth $4,880,000 after buying an additional 215,307 shares in the last quarter. Bard Associates Inc. bought a new position in shares of Legacy Housing during the 2nd quarter worth approximately $4,720,000. Yacktman Asset Management LP grew its position in shares of Legacy Housing by 192.8% during the 4th quarter. Yacktman Asset Management LP now owns 175,675 shares of the company's stock worth $3,429,000 after buying an additional 115,675 shares during the period. Finally, Gabelli Funds LLC grew its position in shares of Legacy Housing by 192.6% during the 4th quarter. Gabelli Funds LLC now owns 143,341 shares of the company's stock worth $2,798,000 after buying an additional 94,344 shares during the period. 89.35% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on LEGH shares. Weiss Ratings upgraded shares of Legacy Housing from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, July 10th. Wall Street Zen lowered Legacy Housing from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 16th. B. Riley Financial reiterated a "neutral" rating on shares of Legacy Housing in a report on Thursday, May 14th. Finally, Zacks Research lowered shares of Legacy Housing from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 29th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $21.00.
Check Out Our Latest Stock Report on LEGH
Legacy Housing Stock Down 1.3%
LEGH stock opened at $28.55 on Thursday. Legacy Housing Corporation has a 12-month low of $18.28 and a 12-month high of $31.34. The firm has a market cap of $678.98 million, a PE ratio of 13.16 and a beta of 0.78. The business has a 50 day moving average of $26.93 and a 200-day moving average of $23.56.
Legacy Housing (NASDAQ:LEGH - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.27. Legacy Housing had a return on equity of 9.53% and a net margin of 28.56%.The business had revenue of $66.35 million during the quarter, compared to analyst estimates of $64.08 million. On average, research analysts expect that Legacy Housing Corporation will post 2.32 earnings per share for the current year.
Legacy Housing Profile
(
Free Report)
Legacy Housing Corp. designs, builds and markets factory-built homes, focusing on both single-section and multi-section manufactured housing products. The company offers a range of floor plans and customization options, including energy-efficient features and accessible design elements. Its core business activities encompass in-house design, procurement of building materials, plant-based construction and nationwide distribution through an independent network of retail partners.
Founded in 2009 and headquartered in Dallas, Texas, Legacy Housing operates in key regions across the southeastern and southwestern United States.
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