American Century Companies Inc. Has $2.06 Million Stock Position in Legacy Housing Corporation $LEGH

American Century Companies Inc. trimmed its holdings in Legacy Housing Corporation (NASDAQ:LEGH - Free Report) by 27.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,499 shares of the company's stock after selling 31,014 shares during the quarter. American Century Companies Inc. owned about 0.34% of Legacy Housing worth $2,055,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Robotti Robert raised its stake in shares of Legacy Housing by 72.8% during the first quarter. Robotti Robert now owns 221,304 shares of the company's stock worth $5,581,000 after purchasing an additional 93,234 shares during the last quarter. Boston Partners grew its holdings in Legacy Housing by 543.2% in the first quarter. Boston Partners now owns 116,089 shares of the company's stock valued at $2,928,000 after purchasing an additional 98,040 shares during the last quarter. Rock Creek Group LP grew its holdings in Legacy Housing by 233.3% in the first quarter. Rock Creek Group LP now owns 100,000 shares of the company's stock valued at $2,522,000 after purchasing an additional 70,000 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Legacy Housing by 90.5% during the first quarter. Russell Investments Group Ltd. now owns 59,949 shares of the company's stock valued at $1,512,000 after acquiring an additional 28,475 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Legacy Housing during the first quarter valued at $545,000. 89.35% of the stock is owned by institutional investors and hedge funds.

Legacy Housing Stock Down 0.5%

Legacy Housing stock traded down $0.14 during mid-day trading on Friday, hitting $28.06. 135,663 shares of the company's stock traded hands, compared to its average volume of 72,220. Legacy Housing Corporation has a one year low of $21.58 and a one year high of $29.45. The firm has a 50 day moving average price of $24.80 and a 200 day moving average price of $24.29. The company has a market cap of $669.79 million, a PE ratio of 12.53 and a beta of 0.85.

Legacy Housing (NASDAQ:LEGH - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.05. The company had revenue of $50.20 million for the quarter, compared to the consensus estimate of $43.53 million. Legacy Housing had a return on equity of 11.11% and a net margin of 30.00%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LEGH. B. Riley began coverage on Legacy Housing in a research report on Friday, May 16th. They set a "neutral" rating and a $26.00 target price on the stock. Wall Street Zen upgraded Legacy Housing from a "sell" rating to a "hold" rating in a report on Monday, June 30th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $26.00.

Legacy Housing Company 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.