GW&K Investment Management LLC Grows Stock Holdings in Legacy Housing Corporation (NASDAQ:LEGH)

GW&K Investment Management LLC raised its position in shares of Legacy Housing Corporation (NASDAQ:LEGH - Free Report) by 2.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 686,414 shares of the company's stock after acquiring an additional 13,720 shares during the period. GW&K Investment Management LLC owned approximately 2.84% of Legacy Housing worth $17,311,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cerity Partners LLC grew its stake in shares of Legacy Housing by 11.8% in the first quarter. Cerity Partners LLC now owns 117,825 shares of the company's stock valued at $2,972,000 after acquiring an additional 12,406 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in Legacy Housing in the 1st quarter valued at about $698,000. Bfsg LLC bought a new stake in Legacy Housing in the 1st quarter valued at about $2,245,000. GAMMA Investing LLC grew its position in Legacy Housing by 6,650.0% during the first quarter. GAMMA Investing LLC now owns 2,295 shares of the company's stock worth $58,000 after buying an additional 2,261 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of Legacy Housing by 139.1% during 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. Institutional investors and hedge funds own 89.35% of the company's stock.

Legacy Housing Trading Up 1.1%

Shares of LEGH traded up $0.24 on Friday, reaching $22.75. The company's stock had a trading volume of 30,772 shares, compared to its average volume of 78,935. Legacy Housing Corporation has a twelve month low of $21.58 and a twelve month high of $29.31. The firm has a fifty day moving average of $22.62 and a 200-day moving average of $24.22. The stock has a market capitalization of $548.73 million, a PE ratio of 9.93 and a beta of 0.83.

Legacy Housing (NASDAQ:LEGH - Get Free Report) last announced 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). 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 for the quarter, compared to analysts' expectations of $44.13 million.

Analysts Set New Price Targets

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

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.