Legacy Education (NYSEAMERICAN:LGCY) Now Covered by Maxim Group

Research analysts at Maxim Group began coverage on shares of Legacy Education (NYSEAMERICAN:LGCY) in a research report issued on Friday, Briefing.com reports. The brokerage set a “buy” rating and a $16.00 price target on the stock. Maxim Group‘s price objective would suggest a potential upside of 61.62% from the stock’s previous close.

Separately, Zacks Research downgraded shares of Legacy Education from a “hold” rating to a “strong sell” rating in a report on Friday, September 25th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $15.30.

Legacy Education Price Performance

Shares of NYSEAMERICAN LGCY opened at $9.90 on Friday. The firm has a market cap of $126.82 million, a price-to-earnings ratio of 15.48 and a beta of 1.15. The stock’s fifty day moving average price is $10.26 and its two-hundred day moving average price is $11.41. Legacy Education has a one year low of $7.94 and a one year high of $14.70.

Legacy Education (NYSEAMERICAN:LGCY) last announced its earnings results on Thursday, September 24th. The company reported $0.13 earnings per share (EPS) for the quarter. Legacy Education had a net margin of 11.42% and a return on equity of 19.04%. The company had revenue of $20.10 million during the quarter. On average, equities analysts anticipate that Legacy Education will post 0.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Legacy Education

Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its position in shares of Legacy Education by 481.2% during the first quarter. Bank of America Corp DE now owns 21,847 shares of the company’s stock worth $274,000 after acquiring an additional 18,088 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Legacy Education by 68.9% in the first quarter. Dimensional Fund Advisors LP now owns 24,747 shares of the company’s stock valued at $310,000 after acquiring an additional 10,096 shares during the last quarter. Manatuck Hill Partners LLC bought a new stake in Legacy Education in the second quarter valued at approximately $524,000. BlackRock Inc. bought a new stake in Legacy Education in the second quarter valued at approximately $600,000. Finally, Renaissance Technologies LLC increased its position in Legacy Education by 87.6% during the 1st quarter. Renaissance Technologies LLC now owns 72,000 shares of the company’s stock valued at $901,000 after purchasing an additional 33,628 shares during the period.

Legacy Education Company Profile

Legacy Education, Inc is a postsecondary education company that provides career-focused training and degree programs. Its offerings are concentrated in healthcare and other vocational fields, with programs designed to prepare students for employment in areas such as nursing, medical assisting, dental assisting, business, legal services and related occupations.

The company operates educational institutions including North-West College and Glendale Career College in California, as well as Nevada Career Institute in Nevada.