Punch & Associates Investment Management Inc. Buys Shares of 100,000 Legacy Education Inc. $LGCY

Punch & Associates Investment Management Inc. purchased a new position in shares of Legacy Education Inc. (NYSEAMERICAN:LGCY) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $1,176,000.

Several other large investors have also made changes to their positions in the company. Bard Associates Inc. acquired a new position in Legacy Education during the second quarter valued at approximately $5,225,000. Polar Asset Management Partners Inc. bought a new stake in shares of Legacy Education during the second quarter worth about $3,007,000. Sei Investments Co. grew its holdings in Legacy Education by 260.9% during the 1st quarter. Sei Investments Co. now owns 260,004 shares of the company’s stock worth $3,255,000 after acquiring an additional 187,964 shares during the last quarter. BlackRock Inc. acquired a new stake in Legacy Education in the second quarter valued at $600,000. Finally, Manatuck Hill Partners LLC acquired a new stake in shares of Legacy Education in the second quarter valued at about $524,000.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on LGCY shares. Northland Securities set a $14.50 price objective on Legacy Education in a research note on Friday, May 15th. LADENBURG THALM/SH SH raised their price objective on shares of Legacy Education from $14.60 to $15.40 and gave the stock a “buy” rating in a research report on Friday, May 15th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $14.95.

Legacy Education Price Performance

Shares of LGCY opened at $10.52 on Thursday. Legacy Education Inc. has a one year low of $7.94 and a one year high of $14.70. The company has a market cap of $133.08 million, a PE ratio of 16.97 and a beta of 1.13. The stock has a 50-day moving average of $11.42 and a 200-day moving average of $11.96.

Legacy Education Company Profile

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.