Punch & Associates Investment Management Inc. lowered its position in shares of Legacy Housing Corporation (NASDAQ:LEGH - Free Report) by 34.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 419,520 shares of the company's stock after selling 218,500 shares during the quarter. Punch & Associates Investment Management Inc. owned about 1.74% of Legacy Housing worth $10,580,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in LEGH. Hotchkis & Wiley Capital Management LLC lifted its position in Legacy Housing by 93.7% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 247,770 shares of the company's stock valued at $6,249,000 after buying an additional 119,870 shares during the period. Boston Partners increased its holdings in Legacy Housing by 543.2% in the 1st quarter. Boston Partners now owns 116,089 shares of the company's stock worth $2,928,000 after buying an additional 98,040 shares in the last quarter. Robotti Robert increased its holdings in Legacy Housing by 72.8% in the 1st quarter. Robotti Robert now owns 221,304 shares of the company's stock worth $5,581,000 after buying an additional 93,234 shares in the last quarter. Bfsg LLC bought a new stake in shares of Legacy Housing during the 1st quarter valued at about $2,245,000. Finally, Rock Creek Group LP grew its stake in shares of Legacy Housing by 233.3% during the 1st quarter. Rock Creek Group LP now owns 100,000 shares of the company's stock valued at $2,522,000 after purchasing an additional 70,000 shares during the period. Hedge funds and other institutional investors own 89.35% of the company's stock.
Legacy Housing Trading Down 0.5%
LEGH opened at $28.06 on Friday. Legacy Housing Corporation has a 12-month low of $21.58 and a 12-month high of $29.45. The business's fifty day simple moving average is $24.80 and its 200-day simple moving average is $24.29. The company has a market capitalization of $669.79 million, a price-to-earnings ratio of 12.53 and a beta of 0.85.
Legacy Housing (NASDAQ:LEGH - Get Free Report) last posted 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. The business had revenue of $50.20 million for the quarter, compared to the consensus estimate of $43.53 million. Legacy Housing had a return on equity of 11.11% and a net margin of 30.00%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the company. Wall Street Zen raised Legacy Housing from a "sell" rating to a "hold" rating in a research 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 target on the stock. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average 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.
Further Reading
Want to see what other hedge funds are holding LEGH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Legacy Housing Corporation (NASDAQ:LEGH - Free Report).
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