Ameriprise Financial Inc. Has $10.55 Million Holdings in Legacy Housing Co. (NASDAQ:LEGH)

Ameriprise Financial Inc. boosted its position in shares of Legacy Housing Co. (NASDAQ:LEGH - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 427,619 shares of the company's stock after buying an additional 11,612 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.77% of Legacy Housing worth $10,554,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Aquatic Capital Management LLC bought a new stake in shares of Legacy Housing during the fourth quarter worth $33,000. KLP Kapitalforvaltning AS acquired a new stake in Legacy Housing during the 4th quarter worth $49,000. JPMorgan Chase & Co. boosted its position in shares of Legacy Housing by 11.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,423 shares of the company's stock worth $148,000 after purchasing an additional 543 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Legacy Housing by 22.2% in the fourth quarter. Wells Fargo & Company MN now owns 6,581 shares of the company's stock valued at $162,000 after purchasing an additional 1,195 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its stake in Legacy Housing by 18.5% in the fourth 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 during the period. 89.35% of the stock is currently owned by institutional investors.

Legacy Housing Price Performance

LEGH stock traded up $0.08 during trading hours on Friday, reaching $22.48. The stock had a trading volume of 69,648 shares, compared to its average volume of 68,401. The stock has a 50-day simple moving average of $24.40 and a 200 day simple moving average of $25.07. Legacy Housing Co. has a fifty-two week low of $21.67 and a fifty-two week high of $29.31. The stock has a market capitalization of $542.17 million, a PE ratio of 10.36 and a beta of 0.98.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LEGH. B. Riley began coverage on shares of Legacy Housing in a report on Friday, May 16th. They set a "neutral" rating and a $26.00 price objective for the company. Wall Street Zen cut Legacy Housing from a "buy" rating to a "sell" rating in a report on Thursday.

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.