Cerity Partners LLC Has $2.97 Million Holdings in Legacy Housing Corporation (NASDAQ:LEGH)

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

Other large investors have also recently bought and sold shares of the company. Boston Partners boosted its position in shares of Legacy Housing by 37.9% during the fourth quarter. Boston Partners now owns 18,049 shares of the company's stock worth $445,000 after buying an additional 4,964 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Legacy Housing in the 4th quarter valued at about $49,000. Vanguard Group Inc. lifted its stake in Legacy Housing by 14.9% in the 4th quarter. Vanguard Group Inc. now owns 623,287 shares of the company's stock valued at $15,383,000 after purchasing an additional 80,982 shares during the last quarter. Brandywine Global Investment Management LLC lifted its stake in Legacy Housing by 56.1% in the 4th quarter. Brandywine Global Investment Management LLC now owns 81,970 shares of the company's stock valued at $2,023,000 after purchasing an additional 29,460 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Legacy Housing by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 271,125 shares of the company's stock valued at $6,693,000 after purchasing an additional 1,800 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company's stock.

Wall Street Analysts Forecast Growth

LEGH has been the subject of several recent analyst reports. B. Riley initiated coverage on shares of Legacy Housing in a research note on Friday, May 16th. They issued a "neutral" rating and a $26.00 target price for the company. Wall Street Zen upgraded shares of Legacy Housing from a "sell" rating to a "hold" rating in a research note on Monday, June 30th.

Legacy Housing Stock Performance

Shares of NASDAQ LEGH traded up $1.16 during midday trading on Tuesday, reaching $23.10. The company's stock had a trading volume of 91,400 shares, compared to its average volume of 72,173. Legacy Housing Corporation has a fifty-two week low of $21.58 and a fifty-two week high of $29.31. The business's 50 day moving average price is $22.67 and its two-hundred day moving average price is $24.24. The company has a market cap of $557.17 million, a P/E ratio of 10.09 and a beta of 0.83.

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 analysts' consensus estimates of $0.57 by ($0.16). Legacy Housing had a net margin of 32.15% and a return on equity of 11.71%. The business had revenue of $35.70 million during the quarter, compared to analyst estimates of $44.13 million.

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.