27,669 Shares in Legacy Housing Corporation (NASDAQ:LEGH) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas acquired a new position in shares of Legacy Housing Corporation (NASDAQ:LEGH - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 27,669 shares of the company's stock, valued at approximately $698,000. Teacher Retirement System of Texas owned about 0.11% of Legacy Housing at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Aquatic Capital Management LLC acquired a new position in shares of Legacy Housing in the fourth quarter valued at about $33,000. KLP Kapitalforvaltning AS acquired a new stake in Legacy Housing during the fourth quarter worth about $49,000. GAMMA Investing LLC grew its holdings in Legacy Housing by 6,650.0% during the first quarter. GAMMA Investing LLC now owns 2,295 shares of the company's stock worth $58,000 after acquiring an additional 2,261 shares during the period. Wells Fargo & Company MN grew its holdings in Legacy Housing by 22.2% during the fourth quarter. Wells Fargo & Company MN now owns 6,581 shares of the company's stock worth $162,000 after acquiring an additional 1,195 shares during the period. Finally, MetLife Investment Management LLC grew its holdings in Legacy Housing by 18.5% during the fourth quarter. MetLife Investment Management LLC now owns 6,924 shares of the company's stock worth $171,000 after acquiring an additional 1,081 shares during the period. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on LEGH shares. B. Riley started coverage on Legacy Housing in a report on Friday, May 16th. They set a "neutral" rating and a $26.00 target price on the stock. Wall Street Zen raised Legacy Housing from a "sell" rating to a "hold" rating in a report on Monday, June 30th.

Legacy Housing Stock Performance

Shares of NASDAQ:LEGH traded down $0.08 during trading on Wednesday, reaching $22.62. The stock had a trading volume of 69,812 shares, compared to its average volume of 72,050. The business has a fifty day moving average price of $22.91 and a 200-day moving average price of $24.29. The stock has a market cap of $545.55 million, a PE ratio of 9.88 and a beta of 0.83. Legacy Housing Corporation has a 1-year low of $21.50 and a 1-year high of $29.31.

Legacy Housing (NASDAQ:LEGH - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by ($0.16). Legacy Housing had a return on equity of 11.71% and a net margin of 32.15%. The firm had revenue of $35.70 million during the quarter, compared to analyst estimates of $44.13 million.

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.