Legacy Housing Corporation $LEGH Shares Sold by Voss Capital LP

Voss Capital LP cut its position in shares of Legacy Housing Corporation (NASDAQ:LEGH) by 28.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 765,000 shares of the company’s stock after selling 302,249 shares during the quarter. Legacy Housing accounts for 0.7% of Voss Capital LP’s portfolio, making the stock its 23rd largest position. Voss Capital LP owned about 3.20% of Legacy Housing worth $14,933,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of LEGH. Royal Bank of Canada lifted its stake in Legacy Housing by 21.9% during the first quarter. Royal Bank of Canada now owns 105,440 shares of the company’s stock valued at $2,659,000 after buying an additional 18,920 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Legacy Housing by 4.2% during the first quarter. Goldman Sachs Group Inc. now owns 54,434 shares of the company’s stock valued at $1,373,000 after buying an additional 2,214 shares in the last quarter. Jane Street Group LLC purchased a new stake in Legacy Housing during the first quarter valued at about $570,000. Strs Ohio purchased a new stake in Legacy Housing during the first quarter valued at about $124,000. Finally, Legal & General Group Plc lifted its stake in Legacy Housing by 15.7% during the second quarter. Legal & General Group Plc now owns 8,958 shares of the company’s stock valued at $203,000 after buying an additional 1,216 shares in the last quarter. 89.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on LEGH. B. Riley Financial reaffirmed a “neutral” rating on shares of Legacy Housing in a research note on Thursday, May 14th. Weiss Ratings raised shares of Legacy Housing from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.00.

Legacy Housing Price Performance

NASDAQ LEGH opened at $25.00 on Friday. The company has a 50 day simple moving average of $22.38 and a 200-day simple moving average of $21.23. The firm has a market capitalization of $594.50 million, a price-to-earnings ratio of 14.04 and a beta of 0.79. Legacy Housing Corporation has a 52-week low of $18.28 and a 52-week high of $29.45.

Legacy Housing (NASDAQ:LEGH) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. Legacy Housing had a net margin of 26.01% and a return on equity of 8.08%. The business had revenue of $34.37 million during the quarter, compared to analyst estimates of $38.82 million. On average, analysts predict that Legacy Housing Corporation will post 2.32 EPS for the current year.

About Legacy Housing

Legacy Housing Corp. designs, builds and markets factory-built homes, focusing on both single-section and multi-section manufactured housing products. The company offers a range of floor plans and customization options, including energy-efficient features and accessible design elements. Its core business activities encompass in-house design, procurement of building materials, plant-based construction and nationwide distribution through an independent network of retail partners.

Founded in 2009 and headquartered in Dallas, Texas, Legacy Housing operates in key regions across the southeastern and southwestern United States.