B. Riley upgraded shares of Legacy Housing (NASDAQ:LEGH - Free Report) to a hold rating in a research report sent to investors on Thursday, May 15th,Zacks.com reports.
Legacy Housing Trading Up 0.7%
Shares of LEGH traded up $0.15 during trading hours on Thursday, reaching $22.82. 22,750 shares of the stock traded hands, compared to its average volume of 68,121. Legacy Housing has a 52 week low of $21.67 and a 52 week high of $29.31. The company has a market cap of $550.37 million, a price-to-earnings ratio of 10.50 and a beta of 0.98. The stock has a fifty day simple moving average of $24.54 and a 200 day simple moving average of $25.14.
Legacy Housing (NASDAQ:LEGH - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.16). Legacy Housing had a net margin of 33.11% and a return on equity of 11.85%. The firm had revenue of $35.70 million during the quarter, compared to analysts' expectations of $44.13 million.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Aquatic Capital Management LLC purchased a new stake in shares of Legacy Housing during the 4th quarter valued at $33,000. KLP Kapitalforvaltning AS bought a new position in Legacy Housing during the fourth quarter valued at about $49,000. GAMMA Investing LLC increased 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 buying an additional 2,261 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Legacy Housing during the first quarter worth about $116,000. Finally, JPMorgan Chase & Co. raised its position 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 during the period. Hedge funds and other institutional investors own 89.35% of the company's stock.
About Legacy Housing
(
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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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