Mill Road Capital Management LLC Sells 183,400 Shares of Legacy Housing Co. (NASDAQ:LEGH)

Mill Road Capital Management LLC reduced its position in shares of Legacy Housing Co. (NASDAQ:LEGH) by 76.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,250 shares of the company’s stock after selling 183,400 shares during the period. Legacy Housing makes up approximately 0.7% of Mill Road Capital Management LLC’s investment portfolio, making the stock its 20th biggest position. Mill Road Capital Management LLC owned 0.24% of Legacy Housing worth $1,566,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Legacy Housing during the third quarter valued at about $3,211,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Legacy Housing in the 3rd quarter valued at approximately $85,000. BNP Paribas Financial Markets raised its stake in shares of Legacy Housing by 17.8% during the third quarter. BNP Paribas Financial Markets now owns 5,600 shares of the company’s stock valued at $153,000 after acquiring an additional 848 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Legacy Housing by 141.3% during the third quarter. Cerity Partners LLC now owns 178,276 shares of the company’s stock worth $4,876,000 after purchasing an additional 104,386 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Legacy Housing by 193.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 91,453 shares of the company’s stock worth $2,501,000 after purchasing an additional 60,292 shares during the last quarter. Institutional investors own 89.35% of the company’s stock.

Legacy Housing Trading Down 0.9 %

NASDAQ:LEGH opened at $25.95 on Wednesday. Legacy Housing Co. has a 12 month low of $19.42 and a 12 month high of $29.31. The stock has a market capitalization of $626.95 million, a price-to-earnings ratio of 11.96 and a beta of 1.10. The firm has a fifty day simple moving average of $26.28 and a two-hundred day simple moving average of $25.54.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. B. Riley reaffirmed a “neutral” rating and set a $29.00 target price (up from $25.00) on shares of Legacy Housing in a research report on Monday, August 12th. Wedbush reaffirmed an “outperform” rating and issued a $29.00 price objective on shares of Legacy Housing in a research note on Friday, August 9th.

Insider Activity at Legacy Housing

In other Legacy Housing news, Chairman Curtis Drew Hodgson sold 17,300 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $25.65, for a total value of $443,745.00. Following the transaction, the chairman now directly owns 665,141 shares of the company’s stock, valued at approximately $17,060,866.65. This trade represents a 2.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 189,008 shares of company stock valued at $5,006,607 in the last three months. Corporate insiders own 30.60% of the company’s stock.

Legacy Housing Company Profile

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.