Charles Schwab Investment Management Inc. lifted its position in shares of Legacy Housing Co. (NASDAQ:LEGH - Free Report) by 193.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,453 shares of the company's stock after purchasing an additional 60,292 shares during the period. Charles Schwab Investment Management Inc. owned about 0.38% of Legacy Housing worth $2,501,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in LEGH. Innealta Capital LLC acquired a new position in shares of Legacy Housing in the 2nd quarter valued at $28,000. SG Americas Securities LLC purchased a new stake in shares of Legacy Housing in the third quarter valued at approximately $121,000. Exchange Traded Concepts LLC acquired a new stake in Legacy Housing in the third quarter valued at $292,000. Assenagon Asset Management S.A. purchased a new position in Legacy Housing in the third quarter valued at about $365,000. Finally, Marshall Wace LLP purchased a new stake in shares of Legacy Housing during the 2nd quarter worth approximately $375,000. 89.35% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, Chairman Curtis Drew Hodgson sold 17,300 shares of the company's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $25.42, for a total transaction of $439,766.00. Following the completion of the sale, the chairman now directly owns 456,622 shares in the company, valued at $11,607,331.24. This represents a 3.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders sold 177,566 shares of company stock valued at $4,682,137. Company insiders own 30.60% of the company's stock.
Legacy Housing Price Performance
LEGH traded down $0.29 during midday trading on Monday, reaching $25.12. 102,681 shares of the company's stock were exchanged, compared to its average volume of 64,289. The business's 50-day moving average price is $26.04 and its 200 day moving average price is $25.66. Legacy Housing Co. has a 1-year low of $19.42 and a 1-year high of $29.31. The stock has a market capitalization of $606.85 million, a PE ratio of 11.58 and a beta of 1.10.
About Legacy Housing
(
Free Report)
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.
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