Jump Financial LLC Takes Position in Legacy Housing Corporation $LEGH

Key Points

• Jump Financial LLC invested approximately $329,000 in Legacy Housing Corporation by acquiring 13,056 shares in the first quarter.
• In the fourth quarter, several institutional investors increased their holdings in Legacy Housing, with Wells Fargo raising its stake by 22.2% and Dimensional Fund Advisors increasing theirs by 7.3%.
• Legacy Housing's stock price opened at $27.58, with a recent earnings report showing an EPS of $0.60, beating analysts' expectations of $0.55.

Jump Financial LLC acquired a new position in shares of Legacy Housing Corporation (NASDAQ:LEGH - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 13,056 shares of the company's stock, valued at approximately $329,000. Jump Financial LLC owned 0.05% of Legacy Housing at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in LEGH. Aquatic Capital Management LLC purchased a new position in Legacy Housing in the 4th quarter worth $33,000. GAMMA Investing LLC raised its stake in shares of Legacy Housing by 6,650.0% in the first quarter. GAMMA Investing LLC now owns 2,295 shares of the company's stock worth $58,000 after purchasing an additional 2,261 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Legacy Housing in the first quarter worth about $116,000. Wells Fargo & Company MN lifted its holdings in shares of Legacy Housing by 22.2% during the fourth quarter. Wells Fargo & Company MN now owns 6,581 shares of the company's stock worth $162,000 after purchasing an additional 1,195 shares during the period. Finally, MetLife Investment Management LLC boosted its position in Legacy Housing by 18.5% in the fourth quarter. MetLife Investment Management LLC now owns 6,924 shares of the company's stock valued at $171,000 after buying an additional 1,081 shares during the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

Legacy Housing Price Performance

NASDAQ LEGH traded down $0.14 during trading hours on Friday, reaching $28.06. The company's stock had a trading volume of 135,663 shares, compared to its average volume of 72,220. The firm has a market capitalization of $669.79 million, a price-to-earnings ratio of 12.53 and a beta of 0.85. The company's 50-day moving average is $24.80 and its two-hundred day moving average is $24.29. Legacy Housing Corporation has a 1-year low of $21.58 and a 1-year high of $29.45.

Legacy Housing (NASDAQ:LEGH - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.05. Legacy Housing had a return on equity of 11.11% and a net margin of 30.00%.The business had revenue of $50.20 million during the quarter, compared to analysts' expectations of $43.53 million.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. B. Riley began coverage on shares of Legacy Housing in a research note on Friday, May 16th. They set a "neutral" rating and a $26.00 price objective for the company. Wall Street Zen raised Legacy Housing from a "sell" rating to a "hold" rating in a report on Monday, June 30th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $26.00.

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.