Brandywine Global Investment Management LLC Increases Stake in Legacy Housing Co. (NASDAQ:LEGH)

Brandywine Global Investment Management LLC boosted its position in Legacy Housing Co. (NASDAQ:LEGH - Free Report) by 56.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,970 shares of the company's stock after purchasing an additional 29,460 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.34% of Legacy Housing worth $2,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its holdings in shares of Legacy Housing by 193.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 91,453 shares of the company's stock valued at $2,501,000 after purchasing an additional 60,292 shares during the period. BNP Paribas Financial Markets raised its position in Legacy Housing by 17.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,600 shares of the company's stock valued at $153,000 after purchasing an additional 848 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Legacy Housing in the 3rd quarter worth $85,000. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Legacy Housing during the 3rd quarter worth $3,211,000. Finally, State Street Corp increased its stake in shares of Legacy Housing by 5.9% during the third quarter. State Street Corp now owns 207,972 shares of the company's stock valued at $5,688,000 after buying an additional 11,599 shares during the period. Hedge funds and other institutional investors own 89.35% of the company's stock.

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Insider Buying and Selling

In related news, Director Curtis Drew Hodgson sold 10,468 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $23.65, for a total transaction of $247,568.20. Following the completion of the sale, the director now owns 394,254 shares of the company's stock, valued at $9,324,107.10. This represents a 2.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 30.60% of the stock is currently owned by company insiders.

Legacy Housing Stock Performance

Legacy Housing stock traded up $0.67 during midday trading on Friday, hitting $24.23. 89,118 shares of the company's stock were exchanged, compared to its average volume of 69,389. The company has a market cap of $584.65 million, a PE ratio of 11.17 and a beta of 0.91. The firm has a 50-day moving average of $25.79 and a two-hundred day moving average of $25.73. Legacy Housing Co. has a 12 month low of $19.42 and a 12 month high of $29.31.

Legacy Housing (NASDAQ:LEGH - Get Free Report) last issued its quarterly earnings data on Wednesday, March 12th. The company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.07. Legacy Housing had a net margin of 33.11% and a return on equity of 11.85%. The company had revenue of $54.19 million during the quarter, compared to the consensus estimate of $44.59 million.

Legacy Housing Company 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.