Cerity Partners LLC Grows Position in Legacy Housing Corporation (NASDAQ:LEGH)

Cerity Partners LLC raised its stake in Legacy Housing Corporation (NASDAQ:LEGH - Free Report) by 11.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 117,825 shares of the company's stock after purchasing an additional 12,406 shares during the period. Cerity Partners LLC owned 0.49% of Legacy Housing worth $2,972,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas bought a new stake in shares of Legacy Housing during the first quarter worth about $698,000. GAMMA Investing LLC grew its position in Legacy Housing by 6,650.0% in the 1st quarter. GAMMA Investing LLC now owns 2,295 shares of the company's stock worth $58,000 after purchasing an additional 2,261 shares in the last quarter. Bfsg LLC bought a new stake in Legacy Housing in the 1st quarter worth about $2,245,000. BNP Paribas Financial Markets grew its position in Legacy Housing by 42.6% in the 4th quarter. BNP Paribas Financial Markets now owns 7,985 shares of the company's stock worth $197,000 after purchasing an additional 2,385 shares in the last quarter. Finally, Squarepoint Ops LLC grew its position in Legacy Housing by 139.1% in the 4th quarter. Squarepoint Ops LLC now owns 33,604 shares of the company's stock worth $829,000 after purchasing an additional 19,550 shares in the last quarter. 89.35% of the stock is owned by institutional investors.

Legacy Housing Price Performance

NASDAQ LEGH traded down $0.52 during trading hours on Friday, reaching $21.97. 49,123 shares of the company's stock traded hands, compared to its average volume of 72,003. Legacy Housing Corporation has a 52-week low of $21.58 and a 52-week high of $29.31. The firm has a market cap of $529.92 million, a PE ratio of 9.59 and a beta of 0.83. The firm has a 50-day simple moving average of $22.75 and a 200 day simple moving average of $24.25.

Legacy Housing (NASDAQ:LEGH - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.57 by ($0.16). Legacy Housing had a return on equity of 11.71% and a net margin of 32.15%. The company had revenue of $35.70 million during the quarter, compared to the consensus estimate of $44.13 million.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Legacy Housing from a "sell" rating to a "hold" rating in a research report on Monday, June 30th. B. Riley started coverage on shares of Legacy Housing in a research note on Friday, May 16th. They set a "neutral" rating and a $26.00 price target on the stock.

Legacy Housing 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.