Hsbc Holdings PLC acquired a new stake in Legacy Housing Co. (NASDAQ:LEGH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 13,805 shares of the company's stock, valued at approximately $341,000. Hsbc Holdings PLC owned 0.06% of Legacy Housing at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of LEGH. KLP Kapitalforvaltning AS purchased a new position in shares of Legacy Housing during the 4th quarter valued at about $49,000. JPMorgan Chase & Co. boosted its holdings in Legacy Housing by 11.1% in the third quarter. JPMorgan Chase & Co. now owns 5,423 shares of the company's stock worth $148,000 after acquiring an additional 543 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Legacy Housing by 22.2% in 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 last quarter. MetLife Investment Management LLC boosted its position in Legacy Housing by 18.5% in the fourth quarter. MetLife Investment Management LLC now owns 6,924 shares of the company's stock worth $171,000 after purchasing an additional 1,081 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in shares of Legacy Housing by 9.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 11,706 shares of the company's stock valued at $289,000 after buying an additional 1,030 shares in the last quarter. Institutional investors own 89.35% of the company's stock.
Legacy Housing Stock Performance
NASDAQ:LEGH traded down $0.15 during trading hours on Wednesday, reaching $23.39. The stock had a trading volume of 32,274 shares, compared to its average volume of 68,295. The stock has a market capitalization of $564.40 million, a PE ratio of 10.78 and a beta of 0.98. The company has a 50 day moving average price of $24.76 and a two-hundred day moving average price of $25.23. Legacy Housing Co. has a 52 week low of $21.67 and a 52 week high of $29.31.
Legacy Housing (NASDAQ:LEGH - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.57 by ($0.16). The business had revenue of $35.70 million during the quarter, compared to analysts' expectations of $44.13 million. Legacy Housing had a net margin of 33.11% and a return on equity of 11.85%.
About Legacy Housing
(
Free Report)
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.
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