Advisory Research Inc. Boosts Stake in Legacy Housing Co. (NASDAQ:LEGH)

Advisory Research Inc. boosted its stake in shares of Legacy Housing Co. (NASDAQ:LEGH - Free Report) by 34.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 472,935 shares of the company's stock after buying an additional 120,000 shares during the period. Legacy Housing accounts for 1.9% of Advisory Research Inc.'s investment portfolio, making the stock its 17th largest position. Advisory Research Inc. owned 1.96% of Legacy Housing worth $11,672,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of LEGH. BNP Paribas Financial Markets grew its holdings in shares of Legacy Housing by 17.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,600 shares of the company's stock worth $153,000 after purchasing an additional 848 shares during the period. State Street Corp increased its position 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 worth $5,688,000 after acquiring an additional 11,599 shares during the period. Barclays PLC raised its stake in shares of Legacy Housing by 294.1% in the third quarter. Barclays PLC now owns 17,338 shares of the company's stock valued at $474,000 after acquiring an additional 12,939 shares in the last quarter. Geode Capital Management LLC grew its stake in Legacy Housing by 17.8% during the 3rd quarter. Geode Capital Management LLC now owns 269,325 shares of the company's stock worth $7,367,000 after purchasing an additional 40,729 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Legacy Housing by 11.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,423 shares of the company's stock worth $148,000 after purchasing an additional 543 shares during the period. 89.35% of the stock is owned by institutional investors and hedge funds.

Legacy Housing Price Performance

Shares of Legacy Housing stock traded up $0.65 on Tuesday, reaching $24.50. 20,282 shares of the company were exchanged, compared to its average volume of 84,785. The stock's 50 day moving average price is $25.13 and its 200-day moving average price is $25.39. The company has a market cap of $591.16 million, a P/E ratio of 11.29 and a beta of 0.91. Legacy Housing Co. has a 1-year low of $19.70 and a 1-year high of $29.31.

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

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.