Walleye Capital LLC acquired a new stake in Legacy Housing Co. (NASDAQ:LEGH – Get Rating) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,049 shares of the company’s stock, valued at approximately $131,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. American Century Companies Inc. raised its holdings in shares of Legacy Housing by 28.1% in the 1st quarter. American Century Companies Inc. now owns 24,437 shares of the company’s stock valued at $524,000 after purchasing an additional 5,363 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Legacy Housing by 44.8% in the 1st quarter. Renaissance Technologies LLC now owns 34,600 shares of the company’s stock valued at $743,000 after purchasing an additional 10,713 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Legacy Housing by 18.3% in the 1st quarter. Victory Capital Management Inc. now owns 67,559 shares of the company’s stock valued at $1,225,000 after purchasing an additional 10,448 shares in the last quarter. CI Investments Inc. raised its holdings in shares of Legacy Housing by 42.3% in the 1st quarter. CI Investments Inc. now owns 84,408 shares of the company’s stock valued at $1,811,000 after purchasing an additional 25,084 shares in the last quarter. Finally, Truist Financial Corp raised its holdings in shares of Legacy Housing by 1.8% in the 2nd quarter. Truist Financial Corp now owns 211,927 shares of the company’s stock valued at $2,765,000 after purchasing an additional 3,802 shares in the last quarter. 21.34% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on LEGH shares. TheStreet upgraded shares of Legacy Housing from a “c+” rating to a “b” rating in a report on Wednesday, August 31st. B. Riley increased their target price on shares of Legacy Housing from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Wednesday, September 14th. Lake Street Capital increased their target price on shares of Legacy Housing from $34.00 to $36.00 in a research report on Monday, September 26th. Finally, EF Hutton Acquisition Co. I started coverage on shares of Legacy Housing in a research report on Monday, August 8th. They issued a “buy” rating and a $25.00 target price on the stock.
Legacy Housing Stock Performance
Legacy Housing (NASDAQ:LEGH – Get Rating) last issued its quarterly earnings data on Monday, September 12th. The company reported $0.65 earnings per share (EPS) for the quarter. Legacy Housing had a net margin of 26.40% and a return on equity of 18.33%. The company had revenue of $59.93 million for the quarter. As a group, equities analysts expect that Legacy Housing Co. will post 2.46 earnings per share for the current year.
Insiders Place Their Bets
In other Legacy Housing news, Chairman Curtis Drew Hodgson sold 20,000 shares of the firm’s stock in a transaction on Thursday, September 29th. The shares were sold at an average price of $17.07, for a total transaction of $341,400.00. Following the transaction, the chairman now directly owns 1,767,817 shares of the company’s stock, valued at approximately $30,176,636.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have sold 100,195 shares of company stock valued at $1,744,418. Insiders own 35.90% of the company’s stock.
Legacy Housing Profile
Legacy Housing Corporation builds, sells, and finances manufactured homes and tiny houses primarily in the southern United States. The company manufactures and provides for the transport of mobile homes; and offers wholesale financing to dealers and mobile home parks, as well as a range of homes, including 1 to 5 bedrooms with 1 to 3 1/2 bathrooms.
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