Legacy Housing (NASDAQ:LEGH - Get Free Report) was upgraded by investment analysts at B. Riley to a "hold" rating in a research note issued on Thursday,Zacks.com reports.
Legacy Housing Stock Performance
LEGH opened at $23.60 on Thursday. The company has a market cap of $569.44 million, a PE ratio of 10.88 and a beta of 0.98. The stock has a 50-day moving average of $24.70 and a 200-day moving average of $25.20. Legacy Housing 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.16). The company had revenue of $35.70 million for the quarter, compared to the consensus estimate of $44.13 million. Legacy Housing had a return on equity of 11.85% and a net margin of 33.11%.
Institutional Trading of Legacy Housing
Hedge funds have recently added to or reduced their stakes in the business. Aquatic Capital Management LLC bought a new stake in Legacy Housing during the 4th quarter valued at approximately $33,000. KLP Kapitalforvaltning AS bought a new stake in Legacy Housing during the 4th quarter valued at approximately $49,000. GAMMA Investing LLC boosted its stake in 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 purchasing an additional 2,261 shares during the period. Quantbot Technologies LP bought a new stake in Legacy Housing during the 1st quarter valued at approximately $116,000. Finally, JPMorgan Chase & Co. boosted its stake in Legacy Housing by 11.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,423 shares of the company's stock valued at $148,000 after purchasing an additional 543 shares during the period. Institutional investors own 89.35% of the company's stock.
About Legacy Housing
(
Get 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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