Bank of America Corp DE Has $364,000 Stock Position in Legacy Housing Co. (NASDAQ:LEGH)

Bank of America Corp DE increased its stake in Legacy Housing Co. (NASDAQ:LEGH) by 46.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 14,747 shares of the company’s stock after buying an additional 4,648 shares during the period. Bank of America Corp DE’s holdings in Legacy Housing were worth $364,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LEGH. Advisory Research Inc. lifted its stake in shares of Legacy Housing by 34.0% in the fourth quarter. Advisory Research Inc. now owns 472,935 shares of the company’s stock worth $11,672,000 after acquiring an additional 120,000 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Legacy Housing by 14.9% during the 4th quarter. Vanguard Group Inc. now owns 623,287 shares of the company’s stock worth $15,383,000 after buying an additional 80,982 shares in the last quarter. Voss Capital LP boosted its holdings in shares of Legacy Housing by 8.7% during the 4th quarter. Voss Capital LP now owns 928,599 shares of the company’s stock worth $22,918,000 after buying an additional 74,087 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Legacy Housing by 7.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 713,928 shares of the company’s stock worth $17,619,000 after buying an additional 48,268 shares in the last quarter. Finally, Brandywine Global Investment Management LLC boosted its holdings in shares of Legacy Housing by 56.1% during the 4th quarter. Brandywine Global Investment Management LLC now owns 81,970 shares of the company’s stock worth $2,023,000 after buying an additional 29,460 shares in the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on LEGH. Wall Street Zen cut Legacy Housing from a “buy” rating to a “sell” rating in a report on Thursday, May 22nd. B. Riley began coverage on Legacy Housing in a report on Friday, May 16th. They issued a “neutral” rating and a $26.00 target price on the stock.

Legacy Housing Stock Performance

LEGH stock opened at $22.37 on Friday. The company has a market capitalization of $539.52 million, a price-to-earnings ratio of 10.31 and a beta of 0.85. Legacy Housing Co. has a fifty-two week low of $21.67 and a fifty-two week high of $29.31. The stock has a fifty day moving average of $23.55 and a 200-day moving average of $24.71.

Legacy Housing (NASDAQ:LEGH) last issued its earnings results 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 return on equity of 11.85% and a net margin of 33.11%. The company had revenue of $35.70 million during the quarter, compared to the consensus estimate of $44.13 million.

Legacy Housing Profile

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.