Legacy Housing Co. (NASDAQ:LEGH - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $17.00 and last traded at $24.02, with a volume of 497 shares trading hands. The stock had previously closed at $25.24.
Legacy Housing Stock Performance
The company has a 50 day moving average of $25.74 and a 200 day moving average of $25.67. The stock has a market capitalization of $556.41 million, a price-to-earnings ratio of 10.62 and a beta of 0.91.
Legacy Housing (NASDAQ:LEGH - Get Free Report) last released its quarterly earnings data on Wednesday, March 12th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.07. The business had revenue of $54.19 million during the quarter, compared to analysts' expectations of $44.59 million. Legacy Housing had a net margin of 33.11% and a return on equity of 11.85%.
Institutional Investors Weigh In On Legacy Housing
Institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its holdings in Legacy Housing by 193.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 91,453 shares of the company's stock worth $2,501,000 after purchasing an additional 60,292 shares in the last quarter. BNP Paribas Financial Markets grew its position 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Legacy Housing during the 3rd quarter worth $85,000. State Street Corp lifted its position in Legacy Housing by 5.9% in the third quarter. State Street Corp now owns 207,972 shares of the company's stock valued at $5,688,000 after acquiring an additional 11,599 shares during the last quarter. Finally, Barclays PLC boosted its stake in 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. Hedge funds and other institutional investors own 89.35% of the company's stock.
About Legacy Housing
(
Get 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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