Yacktman Asset Management LP Has $1.48 Million Stake in Legacy Housing Co. (NASDAQ:LEGH)

Yacktman Asset Management LP lowered its stake in shares of Legacy Housing Co. (NASDAQ:LEGH - Free Report) by 14.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 60,000 shares of the company's stock after selling 10,000 shares during the quarter. Yacktman Asset Management LP owned approximately 0.25% of Legacy Housing worth $1,481,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LEGH. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Legacy Housing during the third quarter valued at approximately $85,000. SG Americas Securities LLC acquired a new position in Legacy Housing during the 3rd quarter worth $121,000. JPMorgan Chase & Co. boosted its position in Legacy Housing by 11.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,423 shares of the company's stock valued at $148,000 after buying an additional 543 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Legacy Housing by 17.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,600 shares of the company's stock valued at $153,000 after buying an additional 848 shares during the period. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Legacy Housing during the third quarter worth $292,000. Institutional investors and hedge funds own 89.35% of the company's stock.

Insider Buying and Selling at Legacy Housing

In other news, Chairman Curtis Drew Hodgson sold 17,300 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $26.53, for a total value of $458,969.00. Following the transaction, the chairman now directly owns 491,222 shares in the company, valued at $13,032,119.66. This trade represents a 3.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have sold 123,452 shares of company stock worth $3,123,664. Company insiders own 30.60% of the company's stock.

Legacy Housing Trading Down 2.7 %

Legacy Housing stock traded down $0.78 during mid-day trading on Friday, hitting $27.72. The stock had a trading volume of 212,924 shares, compared to its average volume of 77,298. The stock has a 50-day simple moving average of $25.03 and a two-hundred day simple moving average of $25.99. The stock has a market capitalization of $669.59 million, a PE ratio of 12.77 and a beta of 1.09. Legacy Housing Co. has a 12 month low of $19.42 and a 12 month high of $29.31.

About Legacy Housing

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.