Legacy Housing Co. (NASDAQ:LEGH) Shares Sold by Robotti Robert

Robotti Robert decreased its stake in shares of Legacy Housing Co. (NASDAQ:LEGH) by 3.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 129,160 shares of the company’s stock after selling 4,485 shares during the quarter. Robotti Robert’s holdings in Legacy Housing were worth $2,780,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Gabelli Funds LLC increased its position in Legacy Housing by 3.5% during the fourth quarter. Gabelli Funds LLC now owns 47,327 shares of the company’s stock worth $1,194,000 after purchasing an additional 1,600 shares during the last quarter. Empowered Funds LLC increased its position in Legacy Housing by 5.0% during the first quarter. Empowered Funds LLC now owns 36,902 shares of the company’s stock worth $794,000 after purchasing an additional 1,767 shares during the last quarter. EntryPoint Capital LLC acquired a new position in Legacy Housing during the first quarter worth approximately $45,000. BNP Paribas Financial Markets increased its position in Legacy Housing by 79.0% during the first quarter. BNP Paribas Financial Markets now owns 5,708 shares of the company’s stock worth $123,000 after purchasing an additional 2,520 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Legacy Housing during the fourth quarter worth approximately $143,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on LEGH. Wedbush reaffirmed an “outperform” rating and set a $25.00 price target on shares of Legacy Housing in a research report on Friday, May 10th. B. Riley upgraded shares of Legacy Housing from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 14th. Finally, CJS Securities started coverage on shares of Legacy Housing in a research note on Friday, June 7th. They set an “outperform” rating and a $33.00 price objective for the company.

Legacy Housing Trading Down 0.7 %

LEGH traded down $0.20 during trading on Monday, hitting $27.49. 41,513 shares of the company’s stock were exchanged, compared to its average volume of 70,369. The company has a current ratio of 3.76, a quick ratio of 2.88 and a debt-to-equity ratio of 0.03. Legacy Housing Co. has a 1 year low of $17.67 and a 1 year high of $27.95. The stock has a 50 day moving average price of $23.82 and a 200 day moving average price of $23.22. The firm has a market cap of $668.45 million, a P/E ratio of 12.97 and a beta of 1.06.

Legacy Housing (NASDAQ:LEGH) last announced its earnings results on Thursday, May 9th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.24. The business had revenue of $43.24 million during the quarter, compared to the consensus estimate of $38.07 million. Legacy Housing had a net margin of 29.70% and a return on equity of 12.33%. During the same period in the prior year, the firm earned $0.65 earnings per share. As a group, analysts expect that Legacy Housing Co. will post 2.34 EPS for the current fiscal year.

Legacy Housing Company 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.