Ameriprise Financial Inc. Buys 11,612 Shares of Legacy Housing Co. (NASDAQ:LEGH)

Ameriprise Financial Inc. raised its stake in Legacy Housing Co. (NASDAQ:LEGH - Free Report) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 427,619 shares of the company's stock after buying an additional 11,612 shares during the quarter. Ameriprise Financial Inc. owned 1.77% of Legacy Housing worth $10,554,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LEGH. PDT Partners LLC acquired a new stake in shares of Legacy Housing in the 4th quarter valued at approximately $380,000. Northern Trust Corp increased its stake in Legacy Housing by 4.8% in the fourth quarter. Northern Trust Corp now owns 101,153 shares of the company's stock valued at $2,496,000 after purchasing an additional 4,592 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in Legacy Housing in the fourth quarter worth $33,000. Hsbc Holdings PLC bought a new position in shares of Legacy Housing during the fourth quarter worth $341,000. Finally, Voss Capital LP grew its holdings in shares of Legacy Housing by 8.7% in the 4th quarter. Voss Capital LP now owns 928,599 shares of the company's stock valued at $22,918,000 after buying an additional 74,087 shares during the period. Institutional investors own 89.35% of the company's stock.

Analysts Set New Price Targets

Separately, B. Riley initiated coverage on Legacy Housing in a research note on Friday. They set a "neutral" rating and a $26.00 price objective on the stock.

Legacy Housing Stock Performance

NASDAQ LEGH opened at $23.37 on Tuesday. The stock has a market cap of $563.64 million, a price-to-earnings ratio of 10.77 and a beta of 0.98. The business has a 50 day simple moving average of $24.65 and a 200 day simple moving average of $25.17. Legacy Housing Co. has a 52-week low of $21.67 and a 52-week high of $29.31.

Legacy Housing (NASDAQ:LEGH - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.16). Legacy Housing had a net margin of 33.11% and a return on equity of 11.85%. The company had revenue of $35.70 million during the quarter, compared to analyst estimates of $44.13 million.

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.

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