Hotchkis & Wiley Capital Management LLC Makes New Investment in Legacy Housing Co. (NASDAQ:LEGH)

Hotchkis & Wiley Capital Management LLC bought a new position in Legacy Housing Co. (NASDAQ:LEGH - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 117,400 shares of the company's stock, valued at approximately $3,211,000. Hotchkis & Wiley Capital Management LLC owned about 0.49% of Legacy Housing as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of LEGH. Cerity Partners LLC increased its stake in shares of Legacy Housing by 141.3% in the third quarter. Cerity Partners LLC now owns 178,276 shares of the company's stock worth $4,876,000 after purchasing an additional 104,386 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Legacy Housing by 17.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 609,217 shares of the company's stock worth $13,975,000 after buying an additional 88,921 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Legacy Housing by 193.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 91,453 shares of the company's stock valued at $2,501,000 after buying an additional 60,292 shares in the last quarter. Progeny 3 Inc. bought a new stake in Legacy Housing during the 2nd quarter valued at $1,019,000. Finally, Renaissance Technologies LLC lifted its position in shares of Legacy Housing by 161.0% during the second quarter. Renaissance Technologies LLC now owns 40,200 shares of the company's stock worth $922,000 after acquiring an additional 24,800 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company's stock.

Insiders Place Their Bets

In other news, Chairman Curtis Drew Hodgson sold 17,300 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $25.20, for a total value of $435,960.00. Following the transaction, the chairman now owns 560,041 shares of the company's stock, valued at $14,113,033.20. This represents a 3.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 189,008 shares of company stock worth $5,006,607 in the last ninety days. 30.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LEGH. Wedbush reissued an "outperform" rating and set a $29.00 price objective on shares of Legacy Housing in a report on Friday, August 9th. B. Riley reissued a "neutral" rating and issued a $29.00 price target (up from $25.00) on shares of Legacy Housing in a report on Monday, August 12th.

Legacy Housing Trading Up 0.7 %

Shares of Legacy Housing stock traded up $0.18 during trading on Friday, hitting $25.50. The stock had a trading volume of 39,584 shares, compared to its average volume of 58,735. The firm has a market cap of $616.08 million, a price-to-earnings ratio of 11.75 and a beta of 1.10. Legacy Housing Co. has a 12 month low of $19.42 and a 12 month high of $29.31. The business's 50-day moving average is $26.17 and its 200 day moving average is $25.56.

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.