Bard Associates Inc. Takes $5.22 Million Position in Legacy Education Inc. $LGCY

Key Points

• Bard Associates acquired 444,279 shares of Legacy Education in the second quarter, worth approximately $5.22 million. The position represents about 1.2% of the fund’s portfolio and 3.51% of Legacy Education’s outstanding shares.
• Several institutional investors increased their holdings, including Sei Investments, Renaissance Technologies, Dimensional Fund Advisors, and Bank of America; BlackRock also initiated a new position.
• Legacy Education shares opened at $10.55, below their 50-day and 200-day moving averages. Analysts maintain a consensus “Buy” rating with an average price target of $14.95, above the current price.

Bard Associates Inc. bought a new position in Legacy Education Inc. (NYSEAMERICAN:LGCY - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 444,279 shares of the company's stock, valued at approximately $5,225,000. Legacy Education comprises about 1.2% of Bard Associates Inc.'s portfolio, making the stock its 23rd largest position. Bard Associates Inc. owned 3.51% of Legacy Education as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the stock. Sei Investments Co. raised its position in shares of Legacy Education by 260.9% during the first quarter. Sei Investments Co. now owns 260,004 shares of the company's stock worth $3,255,000 after acquiring an additional 187,964 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Legacy Education by 87.6% in the first quarter. Renaissance Technologies LLC now owns 72,000 shares of the company's stock valued at $901,000 after acquiring an additional 33,628 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Legacy Education by 68.9% in the first quarter. Dimensional Fund Advisors LP now owns 24,747 shares of the company's stock valued at $310,000 after acquiring an additional 10,096 shares during the last quarter. BlackRock Inc. acquired a new stake in Legacy Education in the second quarter worth about $600,000. Finally, Bank of America Corp DE increased its position in Legacy Education by 481.2% in the first quarter. Bank of America Corp DE now owns 21,847 shares of the company's stock worth $274,000 after purchasing an additional 18,088 shares during the period.

Legacy Education Price Performance

Shares of NYSEAMERICAN LGCY opened at $10.55 on Friday. The stock's fifty day moving average price is $11.46 and its two-hundred day moving average price is $11.94. Legacy Education Inc. has a one year low of $7.94 and a one year high of $14.70. The firm has a market cap of $133.46 million, a price-to-earnings ratio of 17.02 and a beta of 1.13.

Analysts Set New Price Targets

A number of research firms have issued reports on LGCY. Northland Securities set a $14.50 target price on shares of Legacy Education in a research report on Friday, May 15th. LADENBURG THALM/SH SH lifted their price target on shares of Legacy Education from $14.60 to $15.40 and gave the stock a "buy" rating in a research report on Friday, May 15th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Legacy Education has a consensus rating of "Buy" and an average price target of $14.95.

Legacy Education Company Profile

The Company owns and operates the following career institutions that focus on real-life training by utilizing educational practices in different job markets: High Desert Medical College (“HDMC”), Central Coast College (“CCC”), and Integrity College of Health (“Integrity”). HDMC has three campuses located in Lancaster, California, Bakersfield, California and Temecula, California. HDMC offers the following certificate or degree programs: ultrasound technician (“UT”), vocational nursing (“VN”), VN Associate of Applied Science, Associate Degree of Nursing, nursing assistant, Magnetic Resonance Imaging (“MRI”) Associate of Applied Science, cardiac sonography, pharmacy technician, dental assisting, clinical medical assisting and medical administrative assisting programs (including medical billing and coding programs), veterinary assistant, UT Associate of Applied Science degree, phlebotomy technician and nursing assistant avocational courses, and a number of continuing education programs.

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