Sei Investments Co. Acquires 187,964 Shares of Legacy Education Inc. $LGCY

Key Points

• Sei Investments significantly increased its Legacy Education stake by 187,964 shares, bringing its total holdings to 260,004 shares, or approximately 2.06% of the company.
• Legacy Education reported quarterly EPS of $0.22 on revenue of $21.37 million, with a 10.89% net margin and 18.83% return on equity.
• Analysts maintain a positive outlook, with the stock holding a consensus “Buy” rating and an average price target of $14.95, versus a recent price of $11.50.

Sei Investments Co. increased its holdings in shares of Legacy Education Inc. (NYSEAMERICAN:LGCY - Free Report) by 260.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 260,004 shares of the company's stock after acquiring an additional 187,964 shares during the quarter. Sei Investments Co. owned about 2.06% of Legacy Education worth $3,255,000 as of its most recent SEC filing.

Separately, Dimensional Fund Advisors LP increased its holdings in shares of Legacy Education by 68.9% in the first quarter. Dimensional Fund Advisors LP now owns 24,747 shares of the company's stock valued at $310,000 after purchasing an additional 10,096 shares during the last quarter.

Legacy Education Price Performance

Shares of NYSEAMERICAN LGCY opened at $11.50 on Friday. The business has a fifty day moving average price of $11.56 and a two-hundred day moving average price of $11.90. The stock has a market capitalization of $145.47 million, a PE ratio of 18.55 and a beta of 1.13. Legacy Education Inc. has a fifty-two week low of $7.94 and a fifty-two week high of $14.70.

Legacy Education (NYSEAMERICAN:LGCY - Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.22 EPS for the quarter. Legacy Education had a return on equity of 18.83% and a net margin of 10.89%.The company had revenue of $21.37 million for the quarter. On average, equities analysts expect that Legacy Education Inc. will post 0.67 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the company. LADENBURG THALM/SH SH upped their price objective on Legacy Education from $14.60 to $15.40 and gave the company a "buy" rating in a report on Friday, May 15th. Northland Securities set a $14.50 price target on shares of Legacy Education in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Legacy Education currently has a consensus rating of "Buy" and an average price target of $14.95.

About Legacy Education

The Company owns and operates the following career institutions that focus on real-life training by utilizing educational practices in different job markets: High Desert Medical College (“HDMC”), Central Coast College (“CCC”), and Integrity College of Health (“Integrity”). HDMC has three campuses located in Lancaster, California, Bakersfield, California and Temecula, California. HDMC offers the following certificate or degree programs: ultrasound technician (“UT”), vocational nursing (“VN”), VN Associate of Applied Science, Associate Degree of Nursing, nursing assistant, Magnetic Resonance Imaging (“MRI”) Associate of Applied Science, cardiac sonography, pharmacy technician, dental assisting, clinical medical assisting and medical administrative assisting programs (including medical billing and coding programs), veterinary assistant, UT Associate of Applied Science degree, phlebotomy technician and nursing assistant avocational courses, and a number of continuing education programs.

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