Bfsg LLC Makes New Investment in Legacy Housing Co. (NASDAQ:LEGH)

Bfsg LLC acquired a new position in Legacy Housing Co. (NASDAQ:LEGH - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 89,032 shares of the company's stock, valued at approximately $2,245,000. Bfsg LLC owned 0.37% of Legacy Housing at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. MetLife Investment Management LLC boosted its holdings in Legacy Housing by 18.5% in the 4th quarter. MetLife Investment Management LLC now owns 6,924 shares of the company's stock worth $171,000 after buying an additional 1,081 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Legacy Housing by 22.2% in the fourth quarter. Wells Fargo & Company MN now owns 6,581 shares of the company's stock worth $162,000 after acquiring an additional 1,195 shares during the period. Aquatic Capital Management LLC bought a new position in shares of Legacy Housing in the fourth quarter worth $33,000. Geode Capital Management LLC boosted its holdings in shares of Legacy Housing by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 271,125 shares of the company's stock worth $6,693,000 after acquiring an additional 1,800 shares during the period. Finally, Barclays PLC boosted its stake in Legacy Housing by 10.6% in the 4th quarter. Barclays PLC now owns 19,174 shares of the company's stock worth $473,000 after purchasing an additional 1,836 shares during the period. 89.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wall Street Zen upgraded Legacy Housing from a "sell" rating to a "hold" rating in a research note on Saturday. B. Riley initiated coverage on shares of Legacy Housing in a research report on Friday, May 16th. They issued a "neutral" rating and a $26.00 price objective for the company.

Legacy Housing Price Performance

Shares of NASDAQ:LEGH opened at $22.05 on Tuesday. The firm has a fifty day moving average price of $23.51 and a two-hundred day moving average price of $24.63. Legacy Housing Co. has a one year low of $21.67 and a one year high of $29.31. The company has a market cap of $531.80 million, a price-to-earnings ratio of 10.16 and a beta of 0.85.

Legacy Housing (NASDAQ:LEGH - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $35.70 million for the quarter, compared to the consensus estimate of $44.13 million. Legacy Housing had a net margin of 33.11% and a return on equity of 11.85%.

About Legacy Housing

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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