Squarepoint Ops LLC Buys 19,550 Shares of Legacy Housing Co. (NASDAQ:LEGH)

Squarepoint Ops LLC boosted its position in Legacy Housing Co. (NASDAQ:LEGH - Free Report) by 139.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,604 shares of the company's stock after buying an additional 19,550 shares during the quarter. Squarepoint Ops LLC owned approximately 0.14% of Legacy Housing worth $829,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Aquatic Capital Management LLC acquired a new position in Legacy Housing during the 4th quarter valued at $33,000. KLP Kapitalforvaltning AS acquired a new stake in Legacy Housing in the 4th quarter worth $49,000. JPMorgan Chase & Co. increased its holdings in shares of Legacy Housing by 11.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,423 shares of the company's stock worth $148,000 after purchasing an additional 543 shares during the period. Wells Fargo & Company MN raised its position 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 valued at $162,000 after buying an additional 1,195 shares during the last quarter. Finally, MetLife Investment Management LLC raised its position in shares of Legacy Housing by 18.5% during 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. Institutional investors own 89.35% of the company's stock.

Legacy Housing Stock Performance

NASDAQ LEGH traded up $0.46 on Tuesday, reaching $22.39. The company had a trading volume of 104,779 shares, compared to its average volume of 68,815. The company's fifty day moving average is $23.94 and its 200-day moving average is $24.88. The firm has a market capitalization of $540.00 million, a price-to-earnings ratio of 10.32 and a beta of 0.98. Legacy Housing Co. has a 1-year low of $21.67 and a 1-year high of $29.31.

Legacy Housing (NASDAQ:LEGH - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.16). The company had revenue of $35.70 million during the quarter, compared to the consensus estimate of $44.13 million. Legacy Housing had a net margin of 33.11% and a return on equity of 11.85%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on LEGH shares. B. Riley began coverage on Legacy Housing in a research report on Friday, May 16th. They issued a "neutral" rating and a $26.00 target price for the company. Wall Street Zen lowered Legacy Housing from a "buy" rating to a "sell" rating in a research report on Thursday, May 22nd.

Legacy Housing Company Profile

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.