Shell Asset Management Co. Has $1.62 Million Stock Position in Legacy Housing Corporation $LEGH

Shell Asset Management Co. reduced its position in Legacy Housing Corporation (NASDAQ:LEGH) by 3.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 71,653 shares of the company’s stock after selling 2,590 shares during the period. Shell Asset Management Co.’s holdings in Legacy Housing were worth $1,624,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bfsg LLC boosted its position in shares of Legacy Housing by 1.0% in the 2nd quarter. Bfsg LLC now owns 89,957 shares of the company’s stock worth $2,038,000 after purchasing an additional 925 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Legacy Housing by 4.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 54,434 shares of the company’s stock worth $1,373,000 after purchasing an additional 2,214 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Legacy Housing by 6,650.0% in the 1st quarter. GAMMA Investing LLC now owns 2,295 shares of the company’s stock worth $58,000 after purchasing an additional 2,261 shares during the last quarter. PDT Partners LLC boosted its position in shares of Legacy Housing by 29.0% in the 1st quarter. PDT Partners LLC now owns 19,879 shares of the company’s stock worth $501,000 after purchasing an additional 4,464 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Legacy Housing in the 1st quarter worth $116,000. 89.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on LEGH shares. Wall Street Zen upgraded Legacy Housing from a “sell” rating to a “hold” rating in a research report on Monday, June 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Legacy Housing in a research report on Wednesday. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.00.

Legacy Housing Trading Down 0.1%

LEGH stock opened at $22.75 on Thursday. The business’s 50-day moving average price is $26.51 and its two-hundred day moving average price is $24.49. The firm has a market cap of $543.04 million, a PE ratio of 10.16 and a beta of 0.81. Legacy Housing Corporation has a 1-year low of $21.58 and a 1-year high of $29.45.

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

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.