Yacktman Asset Management LP Has $1.36 Million Holdings in Legacy Housing Corporation $LEGH

Yacktman Asset Management LP boosted its holdings in shares of Legacy Housing Corporation (NASDAQ:LEGH) by 17.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,000 shares of the company’s stock after acquiring an additional 9,000 shares during the quarter. Yacktman Asset Management LP owned 0.25% of Legacy Housing worth $1,360,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in LEGH. Quantbot Technologies LP acquired a new stake in shares of Legacy Housing during the 1st quarter valued at about $116,000. Strs Ohio acquired a new stake in shares of Legacy Housing during the 1st quarter valued at about $124,000. Jump Financial LLC acquired a new stake in shares of Legacy Housing during the 1st quarter valued at about $329,000. PDT Partners LLC lifted its holdings in shares of Legacy Housing by 29.0% during the 1st quarter. PDT Partners LLC now owns 19,879 shares of the company’s stock valued at $501,000 after buying an additional 4,464 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Legacy Housing during the 1st quarter valued at about $545,000. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Legacy Housing Stock Performance

Shares of LEGH stock opened at $23.56 on Thursday. The stock’s 50 day simple moving average is $25.41 and its 200 day simple moving average is $24.30. Legacy Housing Corporation has a twelve month low of $20.85 and a twelve month high of $29.45. The company has a market capitalization of $562.38 million, a price-to-earnings ratio of 10.52 and a beta of 0.80.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Legacy Housing from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $26.00.

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.