Mariner Investment Group LLC Invests $430,000 in LGN $LGN

Mariner Investment Group LLC purchased a new stake in LGN (NASDAQ:LGN) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $430,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Assetmark Inc. acquired a new position in LGN during the fourth quarter worth $31,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of LGN in the 4th quarter worth $64,000. Kestra Advisory Services LLC acquired a new stake in shares of LGN in the 4th quarter worth $91,000. Clearstead Advisors LLC acquired a new stake in shares of LGN in the 4th quarter worth $140,000. Finally, Comerica Bank purchased a new position in shares of LGN during the 4th quarter worth $192,000.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LGN. BTIG Research boosted their price target on shares of LGN from $75.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Barclays lifted their target price on shares of LGN from $45.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 19th. Guggenheim boosted their target price on shares of LGN from $53.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, March 26th. Royal Bank Of Canada increased their price target on shares of LGN from $48.00 to $64.00 and gave the company an “outperform” rating in a research note on Monday, March 30th. Finally, Glj Research started coverage on shares of LGN in a report on Tuesday, April 21st. They set a “buy” rating and a $99.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.40.

LGN Trading Up 0.5%

NASDAQ LGN opened at $85.57 on Friday. The business’s fifty day simple moving average is $82.93. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.06. The stock has a market cap of $9.24 billion and a PE ratio of 372.04. LGN has a twelve month low of $26.96 and a twelve month high of $107.24.

LGN (NASDAQ:LGN) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.06). The company had revenue of $1.04 billion for the quarter. LGN’s revenue was up 105.2% on a year-over-year basis. Research analysts predict that LGN will post 1.24 EPS for the current year.

About LGN

Legence Corp. is a provider of engineering, consulting, installation and maintenance services for mission-critical systems in buildings. The company specializes in designing, fabricating and installing complex HVAC, process piping and other mechanical, electrical and plumbing systems. Legence Corp. is based in SAN JOSE, Calif.