Koss Olinger Consulting LLC Sells 1,798 Shares of Legacy Housing Corporation $LEGH

Koss Olinger Consulting LLC lessened its holdings in Legacy Housing Corporation (NASDAQ:LEGH) by 6.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,277 shares of the company’s stock after selling 1,798 shares during the quarter. Koss Olinger Consulting LLC owned 0.10% of Legacy Housing worth $550,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in LEGH. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Legacy Housing by 93.7% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 247,770 shares of the company’s stock worth $6,249,000 after purchasing an additional 119,870 shares in the last quarter. Boston Partners increased its holdings in Legacy Housing by 543.2% during the first quarter. Boston Partners now owns 116,089 shares of the company’s stock worth $2,928,000 after buying an additional 98,040 shares during the last quarter. Robotti Robert increased its holdings in Legacy Housing by 72.8% during the first quarter. Robotti Robert now owns 221,304 shares of the company’s stock worth $5,581,000 after buying an additional 93,234 shares during the last quarter. Rock Creek Group LP increased its holdings in Legacy Housing by 233.3% during the first quarter. Rock Creek Group LP now owns 100,000 shares of the company’s stock worth $2,522,000 after buying an additional 70,000 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Legacy Housing by 90.5% during the first quarter. Russell Investments Group Ltd. now owns 59,949 shares of the company’s stock worth $1,512,000 after buying an additional 28,475 shares during the last quarter. Institutional investors own 89.35% of the company’s stock.

Legacy Housing Stock Down 0.4%

Legacy Housing stock opened at $23.99 on Tuesday. The stock has a market cap of $572.64 million, a P/E ratio of 10.71 and a beta of 0.81. Legacy Housing Corporation has a twelve month low of $20.85 and a twelve month high of $29.45. The company’s 50-day moving average price is $26.11 and its two-hundred day moving average price is $24.37.

Legacy Housing (NASDAQ:LEGH) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.05. The firm had revenue of $50.20 million for the quarter, compared to analysts’ expectations of $43.53 million. Legacy Housing had a net margin of 30.00% and a return on equity of 11.11%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Legacy Housing from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday. Wall Street Zen upgraded Legacy Housing from a “sell” rating to a “hold” rating in a research note on Monday, June 30th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $26.00.

About Legacy Housing

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.