Lazard Asset Management LLC Has $80,000 Stake in Legacy Housing Co. (NASDAQ:LEGH)

Lazard Asset Management LLC grew its holdings in Legacy Housing Co. (NASDAQ:LEGHGet Rating) by 64.3% during the second quarter, Holdings Channel.com reports. The firm owned 6,205 shares of the company’s stock after acquiring an additional 2,428 shares during the period. Lazard Asset Management LLC’s holdings in Legacy Housing were worth $80,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Walleye Capital LLC acquired a new position in Legacy Housing in the second quarter worth $131,000. Yacktman Asset Management LP boosted its stake in Legacy Housing by 22.8% in the second quarter. Yacktman Asset Management LP now owns 285,000 shares of the company’s stock worth $3,719,000 after purchasing an additional 52,900 shares in the last quarter. Truist Financial Corp boosted its stake in Legacy Housing by 1.8% in the second quarter. Truist Financial Corp now owns 211,927 shares of the company’s stock worth $2,765,000 after purchasing an additional 3,802 shares in the last quarter. State Street Corp boosted its stake in Legacy Housing by 3.2% in the first quarter. State Street Corp now owns 142,404 shares of the company’s stock worth $3,056,000 after purchasing an additional 4,413 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Legacy Housing by 44.8% in the first quarter. Renaissance Technologies LLC now owns 34,600 shares of the company’s stock worth $743,000 after purchasing an additional 10,713 shares in the last quarter. Institutional investors and hedge funds own 21.34% of the company’s stock.

Insider Activity at Legacy Housing

In related news, Chairman Curtis Drew Hodgson sold 20,000 shares of the company’s stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $17.07, for a total value of $341,400.00. Following the completion of the sale, the chairman now owns 1,767,817 shares in the company, valued at $30,176,636.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders sold 115,007 shares of company stock worth $1,994,445. 38.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Lake Street Capital boosted their price objective on Legacy Housing from $34.00 to $36.00 in a research note on Monday, September 26th. B. Riley upped their price target on Legacy Housing from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Wednesday, September 14th. EF Hutton Acquisition Co. I assumed coverage on Legacy Housing in a research note on Monday, August 8th. They set a “buy” rating and a $25.00 price target on the stock. Finally, TheStreet raised Legacy Housing from a “c+” rating to a “b” rating in a research note on Wednesday, August 31st.

Legacy Housing Stock Up 0.3 %

Shares of LEGH opened at $17.76 on Thursday. Legacy Housing Co. has a 12-month low of $11.96 and a 12-month high of $28.84. The firm has a market capitalization of $433.45 million, a PE ratio of 7.16 and a beta of 0.87. The stock’s fifty day simple moving average is $17.22 and its 200-day simple moving average is $16.11.

Legacy Housing (NASDAQ:LEGHGet Rating) last released its quarterly earnings data on Monday, September 12th. The company reported $0.65 EPS for the quarter. The business had revenue of $59.93 million during the quarter. Legacy Housing had a return on equity of 18.33% and a net margin of 26.40%. Analysts anticipate that Legacy Housing Co. will post 2.46 EPS for the current year.

Legacy Housing Profile

(Get Rating)

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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Institutional Ownership by Quarter for Legacy Housing (NASDAQ:LEGH)

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