Royce & Associates LP Has $7.17 Million Stock Position in Legacy Housing Co. (NASDAQ:LEGH)

Royce & Associates LP trimmed its holdings in shares of Legacy Housing Co. (NASDAQ:LEGHGet Rating) by 0.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 417,998 shares of the company’s stock after selling 2,104 shares during the period. Royce & Associates LP owned approximately 1.71% of Legacy Housing worth $7,169,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of LEGH. Voss Capital LLC raised its position in Legacy Housing by 40.1% during the third quarter. Voss Capital LLC now owns 334,480 shares of the company’s stock valued at $5,736,000 after buying an additional 95,754 shares during the period. Millennium Management LLC grew its stake in Legacy Housing by 221.2% in the second quarter. Millennium Management LLC now owns 122,438 shares of the company’s stock valued at $1,598,000 after purchasing an additional 84,324 shares in the last quarter. Renaissance Technologies LLC grew its stake in Legacy Housing by 181.9% in the second quarter. Renaissance Technologies LLC now owns 97,525 shares of the company’s stock valued at $1,273,000 after purchasing an additional 62,925 shares in the last quarter. AWM Investment Company Inc. purchased a new position in Legacy Housing in the second quarter valued at about $731,000. Finally, Yacktman Asset Management LP grew its stake in Legacy Housing by 22.8% in the second quarter. Yacktman Asset Management LP now owns 285,000 shares of the company’s stock valued at $3,719,000 after purchasing an additional 52,900 shares in the last quarter. 21.57% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Legacy Housing

In other news, Chairman Curtis Drew Hodgson sold 14,116 shares of the company’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $17.24, for a total transaction of $243,359.84. Following the completion of the sale, the chairman now owns 2,703,702 shares in the company, valued at approximately $46,611,822.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 98,494 shares of company stock worth $1,762,486. 38.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital boosted their target price on Legacy Housing from $34.00 to $36.00 in a research note on Monday, September 26th.

Legacy Housing Stock Performance

LEGH opened at $19.44 on Monday. The company has a market cap of $474.45 million, a PE ratio of 7.84 and a beta of 0.78. The stock has a 50-day moving average of $18.35 and a 200-day moving average of $17.09. Legacy Housing Co. has a 52-week low of $11.96 and a 52-week high of $27.79.

Legacy Housing (NASDAQ:LEGHGet Rating) last released its quarterly earnings results on Tuesday, November 8th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.06. The company had revenue of $57.33 million during the quarter, compared to the consensus estimate of $54.42 million. Legacy Housing had a return on equity of 18.33% and a net margin of 26.40%. On average, research analysts predict that Legacy Housing Co. will post 2.46 earnings per share for the current year.

Legacy Housing Profile

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Legacy Housing Corp. engages in the selling, building, and financing manufactured homes and tiny houses that are distributed through a network of independent retailers and company-owned stores and are sold directly to manufactured home communities. Its products include tiny homes, singlewide, doublewide, the ultimate home, oilfield/workforce, and park housing.

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Institutional Ownership by Quarter for Legacy Housing (NASDAQ:LEGH)

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