Cerity Partners LLC Has $4.88 Million Position in Legacy Housing Co. (NASDAQ:LEGH)

Cerity Partners LLC increased its position in shares of Legacy Housing Co. (NASDAQ:LEGH - Free Report) by 141.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,276 shares of the company's stock after purchasing an additional 104,386 shares during the period. Cerity Partners LLC owned 0.73% of Legacy Housing worth $4,876,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in Legacy Housing by 17.1% in the second 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 last quarter. SG Capital Management LLC bought a new stake in shares of Legacy Housing during the 1st quarter worth $1,532,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Legacy Housing by 193.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 91,453 shares of the company's stock worth $2,501,000 after acquiring an additional 60,292 shares during the last quarter. Progeny 3 Inc. acquired a new position in shares of Legacy Housing in the 2nd quarter valued at $1,019,000. Finally, Renaissance Technologies LLC boosted its position in shares of Legacy Housing by 161.0% in the 2nd quarter. Renaissance Technologies LLC now owns 40,200 shares of the company's stock valued at $922,000 after purchasing an additional 24,800 shares during the period. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Legacy Housing Trading Up 0.2 %

NASDAQ LEGH traded up $0.06 during trading on Friday, reaching $26.17. 15,961 shares of the company's stock were exchanged, compared to its average volume of 64,487. The firm has a market capitalization of $632.27 million, a PE ratio of 12.03 and a beta of 1.09. Legacy Housing Co. has a fifty-two week low of $19.42 and a fifty-two week high of $29.31. The company's fifty day simple moving average is $26.37 and its 200-day simple moving average is $25.47.

Analysts Set New Price Targets

LEGH has been the subject of a number of analyst reports. Wedbush reaffirmed an "outperform" rating and set a $29.00 price objective on shares of Legacy Housing in a research note on Friday, August 9th. B. Riley restated a "neutral" rating and issued a $29.00 price target (up previously from $25.00) on shares of Legacy Housing in a research report on Monday, August 12th.

Insider Buying and Selling

In other news, Chairman Curtis Drew Hodgson sold 11,442 shares of Legacy Housing stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $28.01, for a total transaction of $320,490.42. Following the completion of the sale, the chairman now directly owns 653,699 shares in the company, valued at $18,310,108.99. The trade was a 1.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders sold 171,708 shares of company stock worth $4,557,499. 30.60% of the stock is owned by company insiders.

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.