Villanova Investment Management Co LLC Has $819,000 Stake in Legacy Housing Corporation $LEGH

Key Points

• Villanova Investment Management Co LLC reduced its stake in Legacy Housing Corporation by 66.2%, selling 63,516 shares and now holding 32,481 shares, representing 2.3% of its portfolio.
• Goldman Sachs Group Inc. increased its holdings in Legacy Housing by 4.2%, while GAMMA Investing LLC significantly boosted its stake by 6,650.0% during the same period.
• Legacy Housing reported earnings of $0.60 per share, exceeding analysts' expectations, with revenue of $50.20 million, compared to the estimated $43.53 million.

Villanova Investment Management Co LLC lessened its position in shares of Legacy Housing Corporation (NASDAQ:LEGH - Free Report) by 66.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,481 shares of the company's stock after selling 63,516 shares during the period. Legacy Housing makes up approximately 2.3% of Villanova Investment Management Co LLC's investment portfolio, making the stock its 11th largest position. Villanova Investment Management Co LLC owned about 0.13% of Legacy Housing worth $819,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted 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 valued at $58,000 after buying an additional 2,261 shares during the period. Quantbot Technologies LP bought a new stake in Legacy Housing during the first quarter worth $116,000. BNP Paribas Financial Markets lifted its stake in Legacy Housing by 42.6% during the fourth 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 during the last quarter. Jump Financial LLC bought a new stake in Legacy Housing during the first quarter worth $329,000. Finally, Bank of America Corp DE lifted its stake in Legacy Housing by 46.0% during the fourth quarter. Bank of America Corp DE now owns 14,747 shares of the company's stock worth $364,000 after purchasing an additional 4,648 shares during the last quarter. Institutional investors own 89.35% of the company's stock.

Wall Street Analysts Forecast Growth

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

Legacy Housing Stock Performance

Shares of LEGH traded down $0.20 during trading hours on Friday, reaching $27.51. The stock had a trading volume of 59,968 shares, compared to its average volume of 72,558. Legacy Housing Corporation has a 12 month low of $21.58 and a 12 month high of $29.45. The stock has a market capitalization of $656.64 million, a PE ratio of 12.28 and a beta of 0.85. The company's 50-day moving average is $25.20 and its two-hundred day moving average is $24.33.

Legacy Housing (NASDAQ:LEGH - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $50.20 million during the quarter, compared to analysts' expectations of $43.53 million.

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.