Sei Investments Co. Acquires 187,964 Shares of Legacy Education Inc. $LGCY

Sei Investments Co. increased its holdings in shares of Legacy Education Inc. (NYSEAMERICAN:LGCY) by 260.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 260,004 shares of the company’s stock after buying an additional 187,964 shares during the quarter. Sei Investments Co.’s holdings in Legacy Education were worth $3,255,000 at the end of the most recent reporting period.

Separately, Dimensional Fund Advisors LP boosted its holdings in Legacy Education by 68.9% in the first quarter. Dimensional Fund Advisors LP now owns 24,747 shares of the company’s stock valued at $310,000 after acquiring an additional 10,096 shares during the last quarter.

Legacy Education Stock Down 4.0%

Shares of NYSEAMERICAN LGCY opened at $11.50 on Friday. The company has a market capitalization of $145.47 million, a PE ratio of 18.55 and a beta of 1.13. The stock’s 50 day moving average price is $11.56 and its 200-day moving average price is $11.90. Legacy Education Inc. has a twelve month low of $7.94 and a twelve month high of $14.70.

Legacy Education (NYSEAMERICAN:LGCY) last announced its earnings results on Thursday, May 14th. The company reported $0.22 earnings per share (EPS) for the quarter. Legacy Education had a return on equity of 18.83% and a net margin of 10.89%.The firm had revenue of $21.37 million during the quarter. As a group, research analysts expect that Legacy Education Inc. will post 0.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on LGCY. Northland Securities set a $14.50 target price on Legacy Education in a research note on Friday, May 15th. LADENBURG THALM/SH SH upped their price objective on shares of Legacy Education from $14.60 to $15.40 and gave the stock a “buy” rating in a report on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $14.95.

About Legacy Education

The Company owns and operates the following career institutions that focus on real-life training by utilizing educational practices in different job markets: High Desert Medical College (“HDMC”), Central Coast College (“CCC”), and Integrity College of Health (“Integrity”). HDMC has three campuses located in Lancaster, California, Bakersfield, California and Temecula, California. HDMC offers the following certificate or degree programs: ultrasound technician (“UT”), vocational nursing (“VN”), VN Associate of Applied Science, Associate Degree of Nursing, nursing assistant, Magnetic Resonance Imaging (“MRI”) Associate of Applied Science, cardiac sonography, pharmacy technician, dental assisting, clinical medical assisting and medical administrative assisting programs (including medical billing and coding programs), veterinary assistant, UT Associate of Applied Science degree, phlebotomy technician and nursing assistant avocational courses, and a number of continuing education programs.