Voss Capital LP Decreases Holdings in Legacy Housing Corporation $LEGH

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Voss Capital LP reduced its position in Legacy Housing Corporation (NASDAQ:LEGH - Free Report) by 8.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 851,211 shares of the company's stock after selling 77,388 shares during the quarter. Legacy Housing comprises about 1.6% of Voss Capital LP's holdings, making the stock its 19th biggest holding. Voss Capital LP owned 3.53% of Legacy Housing worth $21,468,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Teacher Retirement System of Texas bought a new position in shares of Legacy Housing in the first quarter valued at approximately $698,000. GAMMA Investing LLC boosted its position in shares of Legacy Housing by 6,650.0% in the first 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 period. Bfsg LLC bought a new position in shares of Legacy Housing in the first quarter valued at approximately $2,245,000. Rock Creek Group LP boosted its position in shares of Legacy Housing by 233.3% in the first quarter. Rock Creek Group LP now owns 100,000 shares of the company's stock valued at $2,522,000 after acquiring an additional 70,000 shares during the period. Finally, Robotti Robert boosted its position in shares of Legacy Housing by 72.8% in the first quarter. Robotti Robert now owns 221,304 shares of the company's stock valued at $5,581,000 after acquiring an additional 93,234 shares during the period. 89.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on LEGH shares. B. Riley started coverage on shares of Legacy Housing in a research report on Friday, May 16th. They issued a "neutral" rating and a $26.00 price objective for the company. Wall Street Zen upgraded shares of Legacy Housing from a "sell" rating to a "hold" rating in a research report on Monday, June 30th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Legacy Housing presently has a consensus rating of "Hold" and a consensus price target of $26.00.

Legacy Housing Stock Performance

Legacy Housing stock traded up $0.19 during mid-day trading on Friday, hitting $27.90. 140,018 shares of the company traded hands, compared to its average volume of 63,268. Legacy Housing Corporation has a one year low of $21.58 and a one year high of $29.25. The stock has a market cap of $665.97 million, a price-to-earnings ratio of 12.46 and a beta of 0.86. The stock has a fifty day moving average price of $23.66 and a 200-day moving average price of $24.22.

Legacy Housing (NASDAQ:LEGH - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.05. Legacy Housing had a net margin of 30.00% and a return on equity of 11.11%. The business had revenue of $50.20 million during the quarter, compared to analyst estimates of $43.53 million.

About Legacy Housing

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.