Legacy Housing Corporation $LEGH Shares Purchased by North Star Investment Management Corp.

North Star Investment Management Corp. raised its stake in shares of Legacy Housing Corporation (NASDAQ:LEGH) by 239.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,000 shares of the company’s stock after acquiring an additional 67,000 shares during the quarter. North Star Investment Management Corp. owned approximately 0.40% of Legacy Housing worth $1,941,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Yacktman Asset Management LP grew its position in shares of Legacy Housing by 192.8% in the 4th quarter. Yacktman Asset Management LP now owns 175,675 shares of the company’s stock worth $3,429,000 after acquiring an additional 115,675 shares in the last quarter. Tudor Investment Corp ET AL boosted its holdings in Legacy Housing by 197.5% in the third quarter. Tudor Investment Corp ET AL now owns 44,974 shares of the company’s stock worth $1,237,000 after purchasing an additional 29,856 shares during the period. Rock Creek Group LP increased its stake in Legacy Housing by 620.6% during the fourth quarter. Rock Creek Group LP now owns 250,000 shares of the company’s stock valued at $4,880,000 after purchasing an additional 215,307 shares during the last quarter. Gabelli Funds LLC raised its holdings in shares of Legacy Housing by 192.6% during the fourth quarter. Gabelli Funds LLC now owns 143,341 shares of the company’s stock worth $2,798,000 after purchasing an additional 94,344 shares during the period. Finally, Teton Advisors LLC bought a new position in shares of Legacy Housing in the 3rd quarter worth about $1,100,000. 89.35% of the stock is owned by institutional investors and hedge funds.

Legacy Housing Stock Up 1.3%

Legacy Housing stock opened at $26.39 on Tuesday. The firm has a 50-day moving average price of $23.33 and a two-hundred day moving average price of $21.65. The firm has a market capitalization of $627.55 million, a price-to-earnings ratio of 14.83 and a beta of 0.79. Legacy Housing Corporation has a 52-week low of $18.28 and a 52-week high of $29.45.

Legacy Housing (NASDAQ:LEGH) last posted its earnings results on Thursday, May 7th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.42 by $0.04. The firm had revenue of $34.37 million during the quarter, compared to analysts’ expectations of $38.82 million. Legacy Housing had a net margin of 26.01% and a return on equity of 8.08%. Research analysts expect that Legacy Housing Corporation will post 2.32 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on LEGH shares. Weiss Ratings raised shares of Legacy Housing from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. B. Riley Financial reaffirmed a “neutral” rating on shares of Legacy Housing in a report on Thursday, May 14th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $21.00.

About Legacy Housing

Legacy Housing Corp. designs, builds and markets factory-built homes, focusing on both single-section and multi-section manufactured housing products. The company offers a range of floor plans and customization options, including energy-efficient features and accessible design elements. Its core business activities encompass in-house design, procurement of building materials, plant-based construction and nationwide distribution through an independent network of retail partners.

Founded in 2009 and headquartered in Dallas, Texas, Legacy Housing operates in key regions across the southeastern and southwestern United States.