Punch & Associates Investment Management Inc. decreased its holdings in Legacy Housing Corporation (NASDAQ:LEGH - Free Report) by 34.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 419,520 shares of the company's stock after selling 218,500 shares during the period. Punch & Associates Investment Management Inc. owned about 1.74% of Legacy Housing worth $10,580,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in Legacy Housing by 6,650.0% during 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 during the period. Quantbot Technologies LP purchased a new stake in Legacy Housing during the 1st quarter worth about $116,000. Wells Fargo & Company MN increased its holdings in Legacy Housing by 22.2% during the 4th 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. MetLife Investment Management LLC increased its holdings in Legacy Housing by 18.5% during the 4th quarter. MetLife Investment Management LLC now owns 6,924 shares of the company's stock worth $171,000 after purchasing an additional 1,081 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of Legacy Housing by 42.6% in the 4th quarter. BNP Paribas Financial Markets now owns 7,985 shares of the company's stock valued at $197,000 after purchasing an additional 2,385 shares in the last quarter. Institutional investors and hedge funds own 89.35% of the company's stock.
Legacy Housing Trading Up 2.3%
Shares of NASDAQ LEGH traded up $0.63 during midday trading on Thursday, reaching $27.71. 50,860 shares of the company were exchanged, compared to its average volume of 80,531. Legacy Housing Corporation has a 1 year low of $21.58 and a 1 year high of $29.45. The stock has a fifty day simple moving average of $25.05 and a 200 day simple moving average of $24.31. The stock has a market cap of $661.44 million, a P/E ratio of 12.37 and a beta of 0.85.
Legacy Housing (NASDAQ:LEGH - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.60 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $50.20 million for the quarter, compared to analyst estimates of $43.53 million.
Analysts Set New Price Targets
LEGH has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Legacy Housing from a "sell" rating to a "hold" rating in a report on Monday, June 30th. B. Riley started coverage on Legacy Housing in a report on Friday, May 16th. They issued a "neutral" rating and a $26.00 price objective on the stock. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $26.00.
Check Out Our Latest Research Report on LEGH
Legacy Housing Profile
(
Free Report)
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.
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