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

Teacher Retirement System of Texas acquired a new position in Legacy Housing Corporation (NASDAQ:LEGH - Free Report) in the first quarter, according to its most recent Form 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 approximately 0.11% of Legacy Housing at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Aquatic Capital Management LLC acquired a new stake in shares of Legacy Housing during the 4th quarter valued at $33,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Legacy Housing during the 4th quarter valued at $49,000. GAMMA Investing LLC lifted its position in shares of Legacy Housing by 6,650.0% during the 1st quarter. GAMMA Investing LLC now owns 2,295 shares of the company's stock valued at $58,000 after acquiring an additional 2,261 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Legacy Housing by 22.2% during the 4th quarter. Wells Fargo & Company MN now owns 6,581 shares of the company's stock valued at $162,000 after acquiring an additional 1,195 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its position in shares of Legacy Housing by 18.5% during the 4th quarter. MetLife Investment Management LLC now owns 6,924 shares of the company's stock valued at $171,000 after acquiring an additional 1,081 shares during the last quarter. 89.35% of the stock is owned by institutional investors.

Legacy Housing Stock Down 2.3%

LEGH traded down $0.52 during midday trading on Friday, reaching $21.97. 49,123 shares of the company's stock were exchanged, compared to its average volume of 71,910. The firm has a market capitalization of $529.87 million, a price-to-earnings ratio of 9.59 and a beta of 0.83. Legacy Housing Corporation has a one year low of $21.58 and a one year high of $29.31. The business has a 50-day simple moving average of $22.75 and a two-hundred day simple moving average of $24.25.

Legacy Housing (NASDAQ:LEGH - Get Free Report) last posted its 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 net margin of 32.15% and a return on equity of 11.71%. The firm had revenue of $35.70 million during the quarter, compared to the consensus estimate of $44.13 million.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. B. Riley assumed coverage on shares of Legacy Housing in a research note on Friday, May 16th. They issued a "neutral" rating and a $26.00 price target on the stock. Wall Street Zen raised shares of Legacy Housing from a "sell" rating to a "hold" rating in a research report on Monday, June 30th.

Legacy Housing 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.