Legacy Housing Corporation $LEGH Position Reduced by Villanova Investment Management Co LLC

Villanova Investment Management Co LLC decreased its position in Legacy Housing Corporation (NASDAQ:LEGH) by 66.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 32,481 shares of the company’s stock after selling 63,516 shares during the period. Legacy Housing comprises about 2.3% of Villanova Investment Management Co LLC’s investment portfolio, making the stock its 11th biggest holding. Villanova Investment Management Co LLC’s holdings in Legacy Housing were worth $819,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in Legacy Housing by 6,650.0% during the first quarter. GAMMA Investing LLC now owns 2,295 shares of the company’s stock valued at $58,000 after buying an additional 2,261 shares during the period. Quantbot Technologies LP bought a new stake in Legacy Housing in the first quarter worth approximately $116,000. BNP Paribas Financial Markets boosted its holdings in Legacy Housing by 42.6% in the fourth quarter. BNP Paribas Financial Markets now owns 7,985 shares of the company’s stock worth $197,000 after purchasing an additional 2,385 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Legacy Housing during the 1st quarter worth about $329,000. Finally, Bank of America Corp DE grew its holdings in Legacy Housing by 46.0% during the fourth quarter. Bank of America Corp DE now owns 14,747 shares of the company’s stock valued at $364,000 after purchasing an additional 4,648 shares during the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. B. Riley started coverage on Legacy Housing in a research report on Friday, May 16th. They set a “neutral” rating and a $26.00 price objective for the company. Wall Street Zen raised Legacy Housing from a “sell” rating to a “hold” rating in a report on Monday, June 30th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $26.00.

Legacy Housing Trading Down 1.1%

NASDAQ LEGH opened at $27.08 on Thursday. The company has a 50 day moving average of $25.05 and a 200-day moving average of $24.31. Legacy Housing Corporation has a 1-year low of $21.58 and a 1-year high of $29.45. The firm has a market cap of $646.40 million, a price-to-earnings ratio of 12.09 and a beta of 0.85.

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

Legacy Housing 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.